XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income    
Interest and fees on loans $ 97,821 $ 84,430
Interest and dividends on investment securities 5,598 3,592
Interest on balances with other banks and short-term investments 1,666 981
Interest on federal funds sold 49 46
Total interest income 105,134 89,049
Interest Expense    
Interest on deposits 20,900 9,129
Interest on customer repurchase agreements 98 50
Interest on short-term borrowings 140 1,111
Interest on long-term borrowings 2,979 2,979
Total interest expense 24,117 13,269
Net Interest Income 81,017 75,780
Provision for Credit Losses 3,360 1,969
Net Interest Income After Provision For Credit Losses 77,657 73,811
Noninterest Income    
Service charges on deposits 1,694 1,614
Gain on sale of loans 1,388 1,523
Gain on sale of investment securities 912 42
Increase in the cash surrender value of bank owned life insurance 425 344
Other income 1,872 1,781
Total noninterest income 6,291 5,304
Noninterest Expense    
Salaries and employee benefits 23,644 16,858
Premises and equipment expenses 3,852 3,929
Marketing and advertising 1,148 937
Data processing 2,375 2,317
Legal, accounting and professional fees 1,709 2,973
FDIC insurance 1,116 675
Other expenses 4,460 3,432
Total noninterest expense 38,304 31,121
Income Before Income Tax Expense 45,644 47,994
Income Tax Expense 11,895 12,279
Net Income $ 33,749 $ 35,715
Earnings Per Common Share    
Basic (in dollars per share) $ 0.98 $ 1.04
Diluted (in dollars per share) $ 0.98 $ 1.04