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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest Income        
Interest and fees on loans $ 90,924 $ 75,896 $ 175,354 $ 148,367
Interest and dividends on investment securities 4,058 2,827 7,650 5,660
Interest on balances with other banks and short-term investments 1,274 610 2,255 1,093
Interest on federal funds sold 40 11 86 18
Total interest income 96,296 79,344 185,345 155,138
Interest Expense        
Interest on deposits 14,048 6,403 23,177 12,233
Interest on customer repurchase agreements 62 40 112 78
Interest on short-term borrowings 997 224 2,108 277
Interest on long-term borrowings 2,979 2,979 5,958 5,958
Total interest expense 18,086 9,646 31,355 18,546
Net Interest Income 78,210 69,698 153,990 136,592
Provision for Credit Losses 1,650 1,566 3,619 2,963
Net Interest Income After Provision For Credit Losses 76,560 68,132 150,371 133,629
Noninterest Income        
Service charges on deposits 1,760 1,543 3,374 3,015
Gain on sale of loans 1,675 2,519 3,198 4,567
Gain on sale of investment securities 26 26 68 531
Increase in the cash surrender value of bank owned life insurance 356 372 700 739
Other income 1,736 2,563 3,517 4,241
Total noninterest income 5,553 7,023 10,857 13,093
Noninterest Expense        
Salaries and employee benefits 17,812 16,869 34,670 33,546
Premises and equipment expenses 3,873 3,920 7,802 7,767
Marketing and advertising 1,291 1,247 2,228 2,141
Data processing 2,404 1,997 4,721 4,038
Legal, accounting and professional fees 2,179 1,297 5,152 2,299
FDIC insurance 951 590 1,626 1,134
Other expenses 3,779 4,081 7,211 8,308
Total noninterest expense 32,289 30,001 63,410 59,233
Income Before Income Tax Expense 49,824 45,154 97,818 87,489
Income Tax Expense 12,528 17,382 24,807 32,700
Net Income $ 37,296 $ 27,772 $ 73,011 $ 54,789
Earnings Per Common Share        
Basic $ 1.09 $ 0.81 $ 2.13 $ 1.61
Diluted $ 1.08 $ 0.81 $ 2.12 $ 1.6