XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
INTEREST INCOME      
Loans $ 121,476 $ 126,341 $ 84,173
Investment securities and other interest-earning assets 9,767 9,680 6,654
Total interest income 131,243 136,021 90,827
INTEREST EXPENSE      
Deposits 13,284 12,041 5,914
FHLB advances and other borrowings 4,802 4,701 2,023
Subordinated debentures 1,751 1,733 1,609
Total interest expense 19,837 18,475 9,546
Net interest income before provision for credit losses 111,406 117,546 81,281
Provision for credit losses 1,526 2,258 2,253
Net interest income after provision for credit losses 109,880 115,288 79,028
NONINTEREST INCOME      
Loan servicing fees 398 408 345
Earnings on bank-owned life insurance 910 929 611
Net gain from sales of loans 1,729 1,929 2,958
Net gain from sales of investment securities 427 0 6
Other income 1,460 944 1,414
Total noninterest income 7,681 6,970 7,666
NONINTEREST EXPENSE      
Compensation and benefits 33,388 33,838 28,873
Premises and occupancy 7,535 7,504 4,781
Data processing 2,930 3,868 2,702
Other real estate owned operations, net 3 1 1
FDIC insurance premiums 800 750 611
Legal, audit and professional expense 2,998 3,105 1,839
Marketing expense 1,497 1,700 1,530
Office, telecommunications and postage expense 1,210 1,579 1,080
Loan expense 873 1,046 591
Deposit expense 3,583 3,105 1,676
Merger-related expense 655 2,597 936
CDI amortization 4,436 4,631 2,274
Other expense 3,669 3,515 2,914
Total noninterest expense 63,577 67,239 49,808
Net income before income taxes 53,984 55,019 36,886
Income tax 15,266 15,376 8,884
Net income $ 38,718 $ 39,643 $ 28,002
EARNINGS PER SHARE      
Basic (in dollars per share) $ 0.62 $ 0.64 $ 0.61
Diluted (in dollars per share) $ 0.62 $ 0.63 $ 0.60
WEIGHTED AVERAGE SHARES OUTSTANDING      
Basic (in shares) 61,987,605 61,917,184 45,893,496
Diluted (in shares) 62,285,783 62,457,100 46,652,059
Service charges on deposit accounts      
NONINTEREST INCOME      
Noninterest income $ 1,330 $ 1,351 $ 1,150
Other service fee income      
NONINTEREST INCOME      
Noninterest income 356 270 146
Debit card interchange fee income      
NONINTEREST INCOME      
Noninterest income $ 1,071 $ 1,139 $ 1,036