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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and fees on loans    
Taxable $ 48,866 $ 41,794
Tax exempt 251 217
Interest and dividends on securities    
Taxable 2,497 2,434
Tax exempt 1,642 1,331
Other interest income 238 292
Total interest income 53,494 46,068
Interest on deposits 13,883 9,367
Interest on borrowings    
Short-term 950 111
Long-term 452 367
Total interest expense 15,285 9,845
NET INTEREST INCOME 38,209 36,223
Provision for loan losses 1,200 3,300
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 37,009 32,923
NONINTEREST INCOME    
Wealth advisory fees 1,620 1,505
Investment brokerage fees 386 290
Service charges on deposit accounts 4,287 3,628
Loan and service fees 2,404 2,177
Merchant card fee income 622 642
Bank owned life insurance income 444 363
Other income 1,517 1,039
Mortgage banking income 222 241
Net securities gains (losses) 23 (6)
Total noninterest income 11,525 9,879
NONINTEREST EXPENSE    
Salaries and employee benefits 12,559 12,019
Net occupancy expense 1,366 1,426
Equipment costs 1,349 1,274
Data processing fees and supplies 2,425 2,513
Corporate and business development 1,206 1,133
FDIC insurance and other regulatory fees 406 461
Professional fees 937 872
Other expense 2,225 1,504
Total noninterest expense 22,473 21,202
INCOME BEFORE INCOME TAX EXPENSE 26,061 21,600
Income tax expense 4,379 3,264
NET INCOME $ 21,682 $ 18,336
BASIC WEIGHTED AVERAGE COMMON SHARES 25,491,093 25,257,414
BASIC EARNINGS PER COMMON SHARE $ 0.85 $ 0.73
DILUTED WEIGHTED AVERAGE COMMON SHARES 25,665,287 25,696,864
DILUTED EARNINGS PER COMMON SHARE $ 0.84 $ 0.71