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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME        
Interest and fees on loans $ 37,250 $ 35,511 $ 109,019 $ 96,640
Interest on investments:        
Taxable 2,385 1,564 6,382 4,545
Tax-exempt 98 117 306 353
Interest on loans held for sale 12 23 28 34
Interest on interest-earning deposits 418 276 1,170 716
Total interest income 40,163 37,491 116,905 102,288
INTEREST EXPENSE        
Interest on savings and interest-bearing deposit accounts 5,922 3,083 14,057 7,215
Interest on certificates of deposit 2,545 1,864 7,024 5,084
Interest on borrowed funds 1,038 439 2,563 1,096
Interest on capital lease obligation 103 112 316 341
Interest on subordinated debt 1,223 783 3,665 2,349
Subtotal - interest expense 10,831 6,281 27,625 16,085
Interest on interest-bearing demand - brokered 796 737 2,280 2,183
Interest on certificates of deposits - brokered 394 481 1,222 1,465
Total interest expense 12,021 7,499 31,127 19,733
NET INTEREST INCOME BEFORE PROVISION FOR LOAN AND LEASE LOSSES 28,142 29,992 85,778 82,555
Provision for loan and lease losses 500 400 2,050 4,200
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 27,642 29,592 83,728 78,355
OTHER INCOME        
Wealth management fee income 8,200 5,790 24,693 15,694
Service charges and fees 860 816 2,564 2,402
Bank owned life insurance 349 343 1,030 1,015
Gains on loans held for sale at fair value (mortgage banking) 87 141 260 279
Gains on loans held for sale at lower of cost or fair value   34 0 34
Fee income related to loan level, back-to-back swaps 854 888 2,006 2,635
Gain on sale of SBA loans 514 493 1,359 790
Other income 444 326 1,465 1,172
Securities losses, net (325)   (439)  
Total other income 10,983 8,831 32,938 24,021
OPERATING EXPENSES        
Compensation and employee benefits 16,025 13,996 46,430 38,660
Premises and equipment 3,399 2,945 10,075 8,794
FDIC insurance expense 593 583 1,798 1,871
Other operating expense 4,267 4,437 14,259 12,035
Total operating expenses 24,284 21,961 72,562 61,360
INCOME BEFORE INCOME TAX EXPENSE 14,341 16,462 44,104 41,016
Income tax expense 3,617 6,256 10,663 14,888
NET INCOME $ 10,724 $ 10,206 $ 33,441 $ 26,128
EARNINGS PER SHARE        
Basic $ 0.56 $ 0.57 $ 1.77 $ 1.49
Diluted $ 0.56 $ 0.56 $ 1.75 $ 1.47
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING        
Basic 19,053,849 17,800,153 18,865,982 17,478,293
Diluted 19,240,098 18,123,268 19,066,986 17,753,731