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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
INTEREST INCOME      
Loans, including fees $ 148,576 $ 130,971 $ 111,971
Securities available for sale:      
Taxable 8,903 6,271 4,018
Tax-exempt 401 464 508
Interest-earning deposits 1,806 1,021 551
Total interest income 159,686 138,727 117,048
INTEREST EXPENSE      
Checking accounts 8,125 4,229 2,146
Savings and money market accounts 12,806 6,375 3,244
Certificates of deposit 9,938 7,118 6,270
Overnight and short-term borrowings 2,155 220 316
Federal Home Loan Bank advances 1,451 1,143 1,448
Capital lease obligation 418 451 478
Subordinated debt 4,887 3,206 1,696
Subtotal – interest expense 39,780 22,742 15,598
Interest-bearing demand - brokered 3,135 2,934 3,020
Interest on certificates of deposits – brokered 1,608 1,910 1,995
Total interest expense 44,523 27,586 20,613
Net interest income before provision for loan and lease losses 115,163 111,141 96,435
Provision for loan and lease losses 3,550 5,850 7,500
Net interest income after provision for loan and lease losses 111,613 105,291 88,935
OTHER INCOME      
Wealth management fee income 33,245 23,183 18,240
Service charges and fees 3,502 3,239 3,252
Bank owned life insurance 1,381 1,356 1,407
Gain on loans held for sale at fair value (mortgage banking) 334 401 1,010
(Loss)/gain on loans held for sale at lower of cost or fair value (4,392) 412 1,233
Fee income related to loan level, back-to-back swaps 3,844 2,814 1,638
Gain on sale of SBA loans 1,636 1,564 623
Other income 5,036 1,658 1,396
Securities (losses)/gains, net (393)   119
Total other income 44,193 34,627 28,918
OPERATING EXPENSES      
Compensation and employee benefits 62,802 53,956 45,003
Premises and equipment 13,497 11,988 11,245
FDIC insurance expense 2,443 2,366 4,758
Other operating expenses 19,344 17,301 14,106
Total operating expenses 98,086 85,611 75,112
Income before income tax expense 57,720 54,307 42,741
Income tax expense 13,550 17,810 16,264
Net income $ 44,170 $ 36,497 $ 26,477
EARNINGS PER SHARE      
Basic $ 2.33 $ 2.07 $ 1.62
Diluted $ 2.31 $ 2.03 $ 1.60