XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest Income        
Interest and fees on loans $ 95,570 $ 78,176 $ 270,924 $ 226,543
Interest and dividends on investment securities 4,875 3,194 12,525 8,854
Interest on balances with other banks and short-term investments 1,897 991 4,152 2,084
Interest on federal funds sold 18 9 104 27
Total interest income 102,360 82,370 287,705 237,508
Interest Expense        
Interest on deposits 16,719 7,233 39,896 19,466
Interest on customer repurchase agreements 54 58 166 136
Interest on short-term borrowings 1,317 164 3,425 441
Interest on long-term borrowings 2,979 2,979 8,937 8,937
Total interest expense 21,069 10,434 52,424 28,980
Net Interest Income 81,291 71,936 235,281 208,528
Provision for Credit Losses 2,441 1,921 6,060 4,884
Net Interest Income After Provision For Credit Losses 78,850 70,015 229,221 203,644
Noninterest Income        
Service charges on deposits 1,814 1,626 5,188 4,641
Gain on sale of loans 1,434 2,173 4,632 6,740
Gain on sale of investment securities   11 68 542
Increase in the cash surrender value of bank owned life insurance 373 369 1,073 1,108
Other income 2,019 2,605 5,536 6,846
Total noninterest income 5,640 6,784 16,497 19,877
Noninterest Expense        
Salaries and employee benefits 17,157 16,905 51,827 50,451
Premises and equipment expenses 3,889 3,846 11,691 11,613
Marketing and advertising 1,191 732 3,419 2,873
Data processing 2,423 2,019 7,144 6,057
Legal, accounting and professional fees 2,130 1,240 7,282 3,539
FDIC insurance 933 929 2,559 2,063
Other expenses 3,891 3,845 11,102 12,153
Total noninterest expense 31,614 29,516 95,024 88,749
Income Before Income Tax Expense 52,876 47,283 150,694 134,772
Income Tax Expense 13,928 17,409 38,735 50,109
Net Income $ 38,948 $ 29,874 $ 111,959 $ 84,663
Earnings Per Common Share        
Basic $ 1.14 $ 0.87 $ 3.26 $ 2.48
Diluted $ 1.13 $ 0.87 $ 3.25 $ 2.47