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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 $ 105,635 $ 86,346 $ 79,284
Securities, taxable 15,211 13,724 10,432
Securities, exempt from Federal tax 2,225 2,256 2,290
Other investments, interest-bearing deposits in other financial institutions and Federal funds sold 6,774 4,585 2,425
Total interest income 129,845 106,911 94,431
Interest expense:      
Deposits 5,506 3,991 3,199
Subordinated debt 2,314 1,394  
Short-term borrowings 2 2 12
Total interest expense 7,822 5,387 3,211
Net interest income before provision for loan losses 122,023 101,524 91,220
Provision for loan losses 7,421 99 1,237
Net interest income after provision for loan losses 114,602 101,425 89,983
Noninterest income:      
Service charges and fees on deposit accounts 4,113 3,231 3,116
Increase in cash surrender value of life insurance 1,045 1,666 1,747
Servicing income 709 973 1,398
Gain on sales of SBA loans 698 1,108 796
Gain (loss) on sales of securities 266 (6) 1,099
Gain on proceeds from company-owned life insurance     1,119
Other 2,743 2,640 2,350
Total noninterest income 9,574 9,612 11,625
Noninterest expense:      
Salaries and employee benefits 43,762 35,719 33,386
Occupancy and equipment 5,411 4,578 4,378
Professional fees 1,969 2,982 3,471
Other 24,379 17,459 16,404
Total noninterest expense 75,521 60,738 57,639
Income before income taxes 48,655 50,299 43,969
Income tax expense 13,324 26,471 16,588
Net income 35,331 23,828 27,381
Dividends on preferred stock     (1,512)
Net income available to common shareholders 35,331 23,828 25,869
Undistributed earnings allocated to Series C preferred stock     (1,278)
Distributed and undistributed earnings allocated to common shareholders $ 35,331 $ 23,828 $ 24,591
Earnings per common share:      
Basic (in dollars per share) $ 0.85 $ 0.63 $ 0.72
Diluted (in dollars per share) $ 0.84 $ 0.62 $ 0.72