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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest Income        
Interest and fees on loans $ 101,889 $ 90,924 $ 199,710 $ 175,354
Interest and dividends on investment securities 5,238 4,058 10,836 7,650
Interest on balances with other banks and short-term investments 1,105 1,274 2,771 2,255
Interest on federal funds sold 47 40 96 86
Total interest income 108,279 96,296 213,413 185,345
Interest Expense        
Interest on deposits 22,461 14,048 43,361 23,177
Interest on customer repurchase agreements 75 62 173 112
Interest on short-term borrowings 1,435 997 1,575 2,108
Interest on long-term borrowings 2,979 2,979 5,958 5,958
Total interest expense 26,950 18,086 51,067 31,355
Net Interest Income 81,329 78,210 162,346 153,990
Provision for Credit Losses 3,600 1,650 6,960 3,619
Net Interest Income After Provision For Credit Losses 77,729 76,560 155,386 150,371
Noninterest Income        
Service charges on deposits 1,606 1,760 3,300 3,374
Gain on sale of loans 1,923 1,675 3,311 3,198
Gain on sale of investment securities 563 26 1,475 68
Increase in the cash surrender value of bank owned life insurance 429 356 854 700
Other income 1,839 1,736 3,711 3,517
Total noninterest income 6,360 5,553 12,651 10,857
Noninterest Expense        
Salaries and employee benefits 17,743 17,812 41,387 34,670
Premises and equipment expenses 3,652 3,873 7,504 7,802
Marketing and advertising 1,268 1,291 2,416 2,228
Data processing 2,603 2,404 4,978 4,721
Legal, accounting and professional fees 2,740 2,179 4,449 5,152
FDIC insurance 1,126 951 2,242 1,626
Other expenses 4,227 3,779 8,687 7,211
Total noninterest expense 33,359 32,289 71,663 63,410
Income Before Income Tax Expense 50,730 49,824 96,374 97,818
Income Tax Expense 13,487 12,528 25,382 24,807
Net Income $ 37,243 $ 37,296 $ 70,992 $ 73,011
Earnings Per Common Share        
Basic (in dollars per share) $ 1.08 $ 1.09 $ 2.06 $ 2.13
Diluted (in dollars per share) $ 1.08 $ 1.08 $ 2.05 $ 2.12