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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Interest and fees on loans $ 47,307 $ 34,183 $ 87,233 $ 66,791
Interest on debt securities:        
Taxable 3,585 2,397 6,815 4,784
Nontaxable 304 328 690 660
Interest on interest-bearing deposits 234 58 364 119
Dividends on equity securities 112 67 180 139
Total interest income 51,542 37,033 95,282 72,493
Interest expense:        
Interest-bearing transaction accounts 523 329 1,198 635
Money market accounts 1,938 1,013 3,431 2,019
Savings accounts 125 63 207 123
Certificates of deposit 1,373 1,183 2,588 2,202
Subordinated debentures and notes 1,288 361 2,452 709
Federal Home Loan Bank advances 522 191 852 373
Notes payable and other borrowings 140 110 279 221
Total interest expense 5,909 3,250 11,007 6,282
Net interest income 45,633 33,783 84,275 66,211
Provision for portfolio loan losses 3,623 716 5,156 1,549
Provision reversal for purchased credit impaired loan losses (207) (336) (355) (409)
Net interest income after provision for loan losses 42,217 33,403 79,474 65,071
Noninterest income:        
Service charges on deposit accounts 2,816 2,188 5,326 4,231
Wealth management revenue 2,054 1,644 3,887 3,306
Other service charges and fee income 1,661 952 2,941 1,820
Gain on state tax credits, net 9 153 255 671
Gain on sale of other real estate 17 706 17 828
Miscellaneous income 1,377 1,406 2,484 2,198
Total noninterest income 7,934 7,049 14,910 13,054
Noninterest expense:        
Employee compensation and benefits 15,798 12,660 31,006 25,307
Occupancy 2,265 1,609 4,194 3,292
Data processing 1,806 1,187 3,439 2,291
Professional fees 1,079 719 1,916 1,403
FDIC and other insurance 650 738 1,474 1,461
Loan legal and other real estate expense 613 353 958 710
Merger related expenses 4,480 0 6,147 0
Other 5,960 4,087 10,253 7,651
Total noninterest expense 32,651 21,353 59,387 42,115
Income before income tax expense 17,500 19,099 34,997 36,010
Income tax expense 5,545 6,747 10,651 12,633
Net income $ 11,955 $ 12,352 $ 24,346 $ 23,377
Earnings per common share        
Basic (usd per share) $ 0.51 $ 0.62 $ 1.07 $ 1.17
Diluted (usd per share) $ 0.50 $ 0.61 $ 1.06 $ 1.16