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Condensed Consolidated Statements of Income (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 $ 48,107 $ 41,141 $ 94,806 $ 79,300
Taxable interest on investment securities 5,933 4,068 11,756 7,597
Nontaxable interest on investment securities 893 1,220 1,843 2,561
Interest on other interest earning assets 283 240 618 458
Total interest income 55,216 46,669 109,023 89,916
INTEREST EXPENSE        
Deposits 4,017 2,195 7,620 4,155
Junior subordinated debentures 340 315 694 598
Other borrowings 323 418 385 585
Total interest expense 4,680 2,928 8,699 5,338
Net interest income 50,536 43,741 100,324 84,578
Provision for loan losses 1,367 1,750 2,287 2,902
Net interest income after provision for loan losses 49,169 41,991 98,037 81,676
NONINTEREST INCOME        
Service charges and other fees 4,845 4,695 9,330 9,238
Gain on sale of investment securities, net 33 18 48 53
Gain on sale of loans, net 368 706 620 1,580
Interest rate swap fees 161 309 161 360
Other income 2,157 1,847 4,834 3,892
Total noninterest income 7,564 7,575 14,993 15,123
NONINTEREST EXPENSE        
Compensation and employee benefits 21,982 19,321 43,896 40,688
Occupancy and equipment 5,451 4,810 10,909 9,437
Data processing 2,109 2,507 4,282 5,112
Marketing 1,106 823 2,204 1,631
Professional services 1,305 3,529 2,478 6,366
State/municipal business and use taxes 809 716 1,607 1,404
Federal deposit insurance premium 426 375 711 730
Other real estate owned, net 289 0 375 0
Amortization of intangible assets 1,026 796 2,051 1,591
Other expense 3,044 2,829 5,559 5,494
Total noninterest expense 37,547 35,706 74,072 72,453
Income before income taxes 19,186 13,860 38,958 24,346
Income tax expense 3,202 2,003 6,422 3,402
Net income $ 15,984 $ 11,857 $ 32,536 $ 20,944
Basic earnings per common share (in usd per share) $ 0.43 $ 0.35 $ 0.88 $ 0.62
Diluted earnings per common share (in usd per share) 0.43 0.35 0.88 0.62
Dividends declared per common share (in usd per share) $ 0.18 $ 0.15 $ 0.36 $ 0.30