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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Jun. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME          
Loans $ 119,271 $ 85,625 $ 64,915 $ 289,069 $ 170,905
Investment securities and other interest-earning assets 9,605 7,074 5,246 23,333 13,416
Total interest income 128,876 92,699 70,161 312,402 184,321
INTEREST EXPENSE          
Deposits 11,942 7,756 3,557 25,612 8,774
FHLB advances and other borrowings 2,494 2,125 1,162 6,642 2,940
Subordinated debentures 1,727 1,647 1,151 4,983 3,275
Total interest expense 16,163 11,528 5,870 37,237 14,989
Net interest income before provision for credit losses 112,713 81,171 64,291 275,165 169,332
Provision for credit losses 1,981 1,761 2,049 5,995 6,238
Net interest income after provision for credit losses 110,732 79,410 62,242 269,170 163,094
NONINTEREST INCOME          
Loan servicing fees 400 292 276 1,037 641
Earnings on bank-owned life insurance 1,270 617 629 2,498 1,654
Net gain from sales of loans 2,029 3,843 3,439 8,830 9,137
Net gain from sales of investment securities 1,063 330 896 1,399 2,989
Other income 530 753 936 2,697 2,370
Total noninterest income 7,544 8,151 8,221 23,361 21,663
NONINTEREST EXPENSE          
Compensation and benefits 37,901 29,274 21,707 96,048 58,218
Premises and occupancy 7,214 5,045 4,016 17,040 10,202
Data processing 4,095 2,747 2,082 9,544 5,708
Other real estate owned operations, net 0 2 3 3 59
FDIC insurance premiums 1,060 581 379 2,252 1,652
Legal, audit and professional expense 3,280 1,816 1,978 6,935 4,177
Marketing expense 1,569 1,352 1,248 4,451 3,072
Office, telecommunications and postage expense 1,538 1,115 835 3,733 2,190
Loan expense 1,139 594 1,017 2,324 2,553
Deposit expense 2,137 2,302 1,655 6,115 4,762
Merger-related expense 13,978 943 503 15,857 15,566
CDI amortization 4,693 1,996 1,761 8,963 4,033
Other expense 3,482 2,309 2,428 8,705 5,880
Total noninterest expense 82,086 50,076 39,612 181,970 118,072
Net income before income taxes 36,190 37,485 30,851 110,561 66,685
Income tax 7,798 10,182 10,619 26,864 22,756
Net income $ 28,392 $ 27,303 $ 20,232 $ 83,697 $ 43,929
EARNINGS PER SHARE          
Basic (in dollars per share) $ 0.46 $ 0.59 $ 0.51 $ 1.63 $ 1.23
Diluted (in dollars per share) $ 0.46 $ 0.58 $ 0.50 $ 1.61 $ 1.20
WEIGHTED AVERAGE SHARES OUTSTANDING          
Basic (in shares) 61,727,030 46,053,077 39,709,565 51,282,533 35,652,626
Diluted (in shares) 62,361,804 46,702,968 40,486,114 51,965,647 36,455,945
Service charges on deposit accounts          
NONINTEREST INCOME          
Noninterest income $ 874 $ 1,057 $ 946 $ 3,081 $ 2,153
Other service fee income          
NONINTEREST INCOME          
Noninterest income 317 169 851 632 1,725
Debit card interchange fee income          
NONINTEREST INCOME          
Noninterest income $ 1,061 $ 1,090 $ 248 $ 3,187 $ 994