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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income        
Interest and fees on loans $ 69,869 $ 61,006 $ 202,002 $ 178,063
Interest and dividends on investment securities 2,177 2,745 7,121 7,189
Interest on balances with other banks and short-term investments 376 228 856 604
Interest on federal funds sold 9 2 31 13
Total interest income 72,431 63,981 210,010 185,869
Interest Expense        
Interest on deposits 4,840 3,739 13,513 10,668
Interest on customer repurchase agreements 39 33 115 94
Interest on short-term borrowings 383 727 54
Interest on long-term borrowings 2,441 1,124 4,515 3,687
Total interest expense 7,703 4,896 18,870 14,503
Net Interest Income 64,728 59,085 191,140 171,366
Provision for Credit Losses 2,288 3,262 9,219 10,043
Net Interest Income After Provision For Credit Losses 62,440 55,823 181,921 161,323
Noninterest Income        
Service charges on deposits 1,431 1,374 4,303 3,990
Gain on sale of loans 3,009 2,483 8,464 9,364
Gain on sale of investment securities 1 60 1,123 2,224
Loss on early extinguishment of debt (1,130)
Increase in the cash surrender value of bank owned life insurance 391 395 1,171 1,191
Other income 1,573 1,787 5,209 4,497
Total noninterest income 6,405 6,099 20,270 20,136
Noninterest Expense        
Salaries and employee benefits 17,130 15,383 49,157 45,772
Premises and equipment expenses 3,786 3,974 11,419 12,056
Marketing and advertising 857 762 2,551 2,182
Data processing 1,879 1,976 5,716 5,598
Legal, accounting and professional fees 771 1,063 2,845 2,915
FDIC insurance 629 794 2,193 2,348
Merger expenses 2 139
Other expenses 3,786 3,451 11,354 11,066
Total noninterest expense 28,838 27,405 85,235 82,076
Income Before Income Tax Expense 40,007 34,517 116,956 99,383
Income Tax Expense 15,484 13,054 44,966 37,564
Net Income 24,523 21,463 71,990 61,819
Preferred Stock Dividends 180 539
Net Income Available to Common Shareholders $ 24,523 $ 21,283 $ 71,990 $ 61,280
Earnings Per Common Share        
Basic (in dollars per share) $ 0.73 $ 0.64 $ 2.14 $ 1.88
Diluted (in dollars per share) $ 0.72 $ 0.63 $ 2.11 $ 1.84