XML 136 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INTEREST AND DIVIDEND INCOME      
Interest and fees on loans and leases $ 235,501 $ 184,972 $ 120,406
Interest on taxable securities 25,233 19,037 14,892
Interest on tax-exempt securities 1,786 1,095 634
Other interest and dividend income 2,294 1,847 871
Total interest and dividend income 264,814 206,951 136,803
INTEREST EXPENSE      
Deposits 36,325 19,329 7,736
Federal Home Loan Bank advances 8,961 6,160 3,291
Subordinated debentures and other borrowings 3,243 2,857 2,864
Total interest expense 48,529 28,346 13,891
Net interest income 216,285 178,605 122,912
PROVISION FOR LOAN AND LEASE LOSSES 20,708 18,795 12,653
Net interest income after provision for loan and lease losses 195,577 159,810 110,259
NON-INTEREST INCOME      
ATM and interchange fees 3,785 4,313 4,812
Net gains on sales of securities available-for-sale 1,151 164 8
Change in fair value of equity securities, net 1,416    
Net gains on sales of loans 31,845 31,551 33,062
Wealth management and trust income 2,578 1,545  
Other non-interest income 4,204 5,505 2,201
Total non-interest income 55,493 50,526 49,030
NON-INTEREST EXPENSE      
Salaries and employee benefits 95,309 80,382 67,269
Occupancy expense, net 16,668 15,829 14,078
Equipment expense 3,103 2,419 2,472
Loan and lease related expenses 8,015 6,109 3,685
Legal, audit, and other professional fees 11,453 11,373 7,027
Data processing 13,733 18,242 9,539
Net loss (gain) recognized on other real estate owned and other related expenses 665 235 (294)
Regulatory assessments 697 1,744 1,193
Other intangible assets amortization expense 7,737 5,629 3,074
Advertising and promotions 3,398 1,723 1,035
Telecommunications 1,963 1,710 1,593
Other non-interest expense 11,034 9,501 7,824
Total non-interest expense 173,775 154,896 118,495
INCOME BEFORE PROVISION FOR INCOME TAXES 77,295 55,440 40,794
PROVISION FOR INCOME TAXES 20,293 14,247 19,099
NET INCOME 57,002 41,193 21,695
Dividends on preferred shares 783 783 11,277
INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 56,219 $ 40,410 $ 10,418
EARNINGS PER COMMON SHARE      
Basic $ 1.51 $ 1.21 $ 0.39
Diluted $ 1.48 $ 1.18 $ 0.38
Fees and Service Charges on Deposits [Member]      
NON-INTEREST INCOME      
Fees and charges $ 6,458 $ 6,445 $ 5,289
Loan Servicing Revenue [Member]      
NON-INTEREST INCOME      
Fees and charges 10,695 10,272 9,599
Loan Servicing Asset Revaluation [Member]      
NON-INTEREST INCOME      
Fees and charges $ (6,639) $ (9,269) $ (5,941)