XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations (Unaudited) - 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 $ 75,896 $ 67,211 $ 148,367 $ 132,133
Interest and dividends on investment securities 2,827 2,356 5,660 4,944
Interest on balances with other banks and short-term investments 610 196 1,093 480
Interest on federal funds sold 11 9 18 22
Total interest income 79,344 69,772 155,138 137,579
Interest Expense        
Interest on deposits 6,403 4,530 12,233 8,673
Interest on customer repurchase agreements 40 39 78 76
Interest on short-term borrowings 224 344 277 344
Interest on long-term borrowings 2,979 1,037 5,958 2,074
Total interest expense 9,646 5,950 18,546 11,167
Net Interest Income 69,698 63,822 136,592 126,412
Provision for Credit Losses 1,566 3,888 2,963 6,931
Net Interest Income After Provision For Credit Losses 68,132 59,934 133,629 119,481
Noninterest Income        
Service charges on deposits 1,543 1,424 3,015 2,872
Gain on sale of loans 2,519 3,992 4,567 5,455
Gain on sale of investment securities 26 498 531 1,122
Increase in the cash surrender value of bank owned life insurance 372 390 739 780
Other income 2,563 1,271 4,241 3,636
Total noninterest income 7,023 7,575 13,093 13,865
Noninterest Expense        
Salaries and employee benefits 16,869 15,908 33,546 32,027
Premises and equipment expenses 3,920 3,807 7,767 7,633
Marketing and advertising 1,247 920 2,141 1,694
Data processing 1,997 1,823 4,038 3,837
Legal, accounting and professional fees 1,297 1,011 2,299 2,074
FDIC insurance 590 755 1,134 1,564
Other expenses 4,081 4,071 8,308 7,568
Total noninterest expense 30,001 28,295 59,233 56,397
Income Before Income Tax Expense 45,154 39,214 87,489 76,949
Income Tax Expense 17,382 15,069 32,700 29,482
Net Income $ 27,772 $ 24,145 $ 54,789 $ 47,467
Earnings Per Common Share        
Basic (in dollars per share) $ 0.81 $ 0.72 $ 1.61 $ 1.41
Diluted (in dollars per share) $ 0.81 $ 0.71 $ 1.60 $ 1.39