XML 27 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest income:      
Interest and fees on loans $ 137,738 $ 122,370 $ 121,395
Interest on debt securities:      
Taxable 9,590 8,842 8,711
Nontaxable 1,300 1,215 1,188
Interest on interest-bearing deposits 370 211 187
Dividends on equity securities 226 141 273
Total interest income 149,224 132,779 131,754
Interest expense:      
Interest-bearing transaction accounts 1,370 1,149 653
Money market accounts 4,439 2,993 2,716
Savings accounts 262 219 201
Certificates of Deposit 4,770 6,051 6,917
Subordinated debentures 1,894 1,248 1,322
Federal Home Loan Bank advances 555 127 1,799
Notes payable and other borrowings 439 582 778
Total interest expense 13,729 12,369 14,386
Net interest income 135,495 120,410 117,368
Provision for portfolio loan losses 5,551 4,872 4,409
Provision (provision reversal) for purchased credit impaired loan losses (1,946) (4,414) 1,083
Net interest income after provision for loan losses 131,890 119,952 111,876
Noninterest income:      
Service charges on deposit accounts 8,615 7,923 7,181
Wealth management revenue 6,729 7,007 6,942
Other service charges and fee income 3,958 3,241 2,953
Gain on state tax credits, net 2,647 2,720 2,252
Gain on sale of other real estate 1,837 142 1,531
Gain on sale of investment securities 86 23 0
Change in FDIC loss share receivable 0 (5,030) (9,307)
Miscellaneous income 5,187 4,649 5,079
Total noninterest income 29,059 20,675 16,631
Noninterest expense:      
Employee compensation and benefits 49,846 46,095 47,232
Occupancy 6,889 6,573 6,527
Data processing 4,723 4,339 4,481
Professional fees 3,825 3,465 3,825
FDIC and other insurance 3,018 2,790 2,884
Loan legal and other real estate expense 1,635 1,812 3,936
FDIC Loss Share Termination 0 2,436 0
FHLB prepayment penalty 0 0 2,936
FDIC clawback 0 760 1,201
Other 16,174 13,956 14,441
Total noninterest expense 86,110 82,226 87,463
Income before income tax expense 74,839 58,401 41,044
Income tax expense 26,002 19,951 13,871
Net income $ 48,837 $ 38,450 $ 27,173
Earnings per common share      
Basic (usd per share) $ 2.44 $ 1.92 $ 1.38
Diluted (usd per share) $ 2.41 $ 1.89 $ 1.35