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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
INTEREST INCOME    
Interest and fees on loans $ 40,512 $ 34,667
Interest on investments:    
Taxable 2,684 1,925
Tax-exempt 93 109
Interest on loans held for sale 4 10
Interest on interest-earning deposits 1,270 357
Total interest income 44,563 37,068
INTEREST EXPENSE    
Interest on savings and interest-bearing deposit accounts 8,061 3,719
Interest on certificates of deposit 3,234 2,149
Interest on borrowed funds 834 370
Interest on finance lease liability 99 107
Interest on subordinated debt 1,224 1,221
Subtotal - interest expense 13,452 7,566
Interest on interest-bearing demand - brokered 739 680
Interest on certificates of deposits - brokered 365 429
Total interest expense 14,556 8,675
NET INTEREST INCOME BEFORE PROVISION FOR LOAN AND LEASE LOSSES 30,007 28,393
Provision for loan and lease losses 100 1,250
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 29,907 27,143
OTHER INCOME    
Wealth management fee income 9,174 8,367
Service charges and fees 816 831
Bank owned life insurance 338 336
Gains on loans held for sale at fair value (mortgage banking) 47 94
Fee income related to loan level, back-to-back swaps 270 252
Gain on sale of SBA loans 419 31
Other income 606 382
Securities gains/(losses), net 59 (78)
Total other income 11,729 10,215
OPERATING EXPENSES    
Compensation and employee benefits 17,156 14,579
Premises and equipment 3,388 3,270
FDIC insurance expense 277 580
Other operating expense 4,894 4,908
Total operating expenses 25,715 23,337
INCOME BEFORE INCOME TAX EXPENSE 15,921 14,021
Income tax expense 4,496 3,214
NET INCOME $ 11,425 $ 10,807
EARNINGS PER SHARE    
Basic $ 0.59 $ 0.58
Diluted $ 0.58 $ 0.57
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING    
Basic 19,350,452 18,608,309
Diluted 19,658,006 18,908,692