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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Loans $ 89,944 $ 69,001
Mortgage-backed securities 3,844 4,041
Debt securities, equity investments and other 4,419 3,380
Total interest income 98,207 76,422
Interest expense    
Deposits 13,936 8,639
Borrowed funds 4,626 3,395
Total interest expense 18,562 12,034
Net interest income 79,645 64,388
Credit loss expense 9,969 620
Net interest income after credit loss expense 69,676 63,768
Other income    
Bankcard services revenue 2,481 2,285
Net gain on sales of loans 173 8
Net unrealized gain on equity investments 155 108
Net loss from other real estate operations (150) (6)
Income from Bank Owned Life Insurance 1,575 1,321
Commercial loan swap income 4,050 472
Other 25 310
Total other income 13,697 9,512
Operating expenses    
Compensation and employee benefits 29,885 22,414
Occupancy 5,276 4,530
Equipment 1,943 1,946
Marketing 769 930
Federal deposit insurance and regulatory assessments 667 832
Data processing 4,177 3,654
Check card processing 1,276 1,438
Professional fees 2,302 1,709
Other operating expense 3,802 3,369
Amortization of core deposit intangible 1,578 1,005
Branch consolidation expense 2,594 391
Merger related expenses 8,527 5,053
Total operating expenses 62,796 47,271
Income before provision for income taxes 20,577 26,009
Provision for income taxes 4,044 4,836
Net income $ 16,533 $ 21,173
Basic earnings per share (in dollars per share) $ 0.28 $ 0.43
Diluted earnings per share (in dollars per share) $ 0.27 $ 0.42
Average basic shares outstanding (in shares) 59,876 49,526
Average diluted shares outstanding (in shares) 60,479 50,150
Trust and asset management revenue    
Other income    
Other income $ 515 $ 498
Fees and service charges    
Other income    
Other income $ 4,873 $ 4,516