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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest Income        
Interest and fees on loans $ 67,211 $ 59,878 $ 132,133 $ 117,057
Interest and dividends on investment securities 2,356 2,305 4,944 4,444
Interest on balances with other banks and short-term investments 196 238 480 376
Interest on federal funds sold 9 2 22 11
Total interest income 69,772 62,423 137,579 121,888
Interest Expense        
Interest on deposits 4,530 3,687 8,673 6,929
Interest on customer repurchase agreements 39 34 76 61
Interest on short-term borrowings 344 344 54
Interest on long-term borrowings 1,037 1,152 2,074 2,563
Total interest expense 5,950 4,873 11,167 9,607
Net Interest Income 63,822 57,550 126,412 112,281
Provision for Credit Losses 3,888 3,471 6,931 6,781
Net Interest Income After Provision For Credit Losses 59,934 54,079 119,481 105,500
Noninterest Income        
Service charges on deposits 1,424 1,283 2,872 2,616
Gain on sale of loans 3,992 3,294 5,455 6,881
Gain on sale of investment securities 498 1,122 2,164
Loss on early extinguishment of debt (1,130)
Increase in the cash surrender value of bank owned life insurance 390 406 780 796
Other income 1,271 1,250 3,636 2,710
Total noninterest income 7,575 6,233 13,865 14,037
Noninterest Expense        
Salaries and employee benefits 15,908 14,683 32,027 30,389
Premises and equipment expenses 3,807 4,072 7,633 8,082
Marketing and advertising 920 735 1,694 1,420
Data processing 1,823 1,838 3,837 3,622
Legal, accounting and professional fees 1,011 870 2,074 1,852
FDIC insurance 755 783 1,564 1,554
Merger expenses 26 137
Other expenses 4,071 3,591 7,568 7,615
Total noninterest expense 28,295 26,598 56,397 54,671
Income Before Income Tax Expense 39,214 33,714 76,949 64,866
Income Tax Expense 15,069 12,776 29,482 24,510
Net Income 24,145 20,938 47,467 40,356
Preferred Stock Dividends 179 359
Net Income Available to Common Shareholders $ 24,145 $ 20,759 $ 47,467 $ 39,997
Earnings Per Common Share        
Basic (in dollars per share) $ 0.72 $ 0.62 $ 1.41 $ 1.24
Diluted (in dollars per share) $ 0.71 $ 0.61 $ 1.39 $ 1.22