XML 19 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest Income      
Interest and fees on loans $ 208,609 $ 163,738 $ 121,322
Interest on investment securities:      
Taxable interest income 10,638 7,007 6,162
Tax-exempt interest income 1,482 1,677 1,748
Other, principally overnight investments 10,478 4,960 1,755
Total interest income 231,207 177,382 130,987
Interest Expense      
Savings, checking and money market accounts 5,074 2,761 1,620
Time deposits 8,356 4,005 2,654
Other time deposits 1,061 778 896
Borrowings 9,286 5,127 2,437
Total interest expense 23,777 12,671 7,607
Net interest income 207,430 164,711 123,380
Provision (reversal) for loan losses - non-covered (3,589) 723 2,109
Provision (reversal) for loan losses - covered (2,132)
Total provision (reversal) for loan losses (3,589) 723 (23)
Net interest income after provision for loan losses 211,019 163,988 123,403
Noninterest Income      
Service charges on deposit accounts 12,690 11,862 10,571
Other service charges, commissions and fees 19,945 14,610 11,913
Fees from presold mortgage loans 2,735 5,695 2,033
Commissions from sales of insurance and financial products 8,731 5,300 3,790
SBA consulting fees 4,675 4,024 3,199
SBA loan sale gains 10,366 5,479 1,433
Bank-owned life insurance income 2,534 2,321 2,052
Foreclosed property losses, net (565) (531) (625)
FDIC indemnification asset income (expense), net (10,255)
Securities gains (losses), net (235) 3
Gain on branch sale 1,466
Other gains (losses), net 723 383 (29)
Total noninterest income 61,834 48,908 25,551
Noninterest Expenses      
Salaries 75,077 66,786 51,252
Employee benefits 16,888 15,313 11,568
Total personnel expense 91,965 82,099 62,820
Occupancy expense 10,793 9,661 7,838
Equipment related expenses 5,627 4,480 3,608
Merger and acquisition expenses 2,358 8,073 1,431
Intangibles amortization 6,763 4,240 1,211
Other operating expenses 41,869 36,604 29,913
Total noninterest expenses 159,375 145,157 106,821
Income before income taxes 113,478 67,739 42,133
Income tax expense 24,189 21,767 14,624
Net income 89,289 45,972 27,509
Preferred stock dividends (175)
Net income available to common shareholders $ 89,289 $ 45,972 $ 27,334
Earnings per common share: Basic $ 3.02 $ 1.82 $ 1.37
Earnings per common share: Diluted 3.01 1.82 1.33
Dividends declared per common share $ 0.40 $ 0.32 $ 0.32
Weighted average common shares outstanding:      
Basic 29,566,259 25,210,606 19,964,727
Diluted 29,707,431 25,291,382 20,732,917