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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and dividend income:        
Loans $ 137,538 $ 132,697 $ 270,713 $ 264,139
Investment securities 14,732 13,950 28,719 27,252
Money market investments and interest-bearing cash accounts 3,363 727 5,619 1,211
Total interest income 155,633 147,374 305,051 292,602
Interest expense:        
Deposits 16,974 16,348 33,945 32,320
Securities sold under agreements to repurchase 2,543 2,765 4,840 5,388
Advances from FHLB 3,410 2,292 6,782 4,414
Other borrowings 2,235 2,065 4,320 4,027
Total interest expense 25,162 23,470 49,887 46,149
Net interest income 130,471 123,904 255,164 246,453
Provision for loan and lease losses 19,536 18,096 40,080 43,538
Net interest income after provision for loan and lease losses 110,935 105,808 215,084 202,915
Non-interest income:        
Service charges and fees on deposit accounts 5,344 5,803 10,432 11,593
Mortgage banking activities 4,835 4,846 9,000 8,462
Net gain on sale of investments 0 371 0 371
Other-than-temporary impairment (OTTI) losses on available-for-sale debt securities:        
Total OTTI losses 0 0 0 (12,231)
Portion of other-than-temporary impairment recognized in other comprehensive income (OCI) 0 0 0 0
Net impairment losses on available-for-sale debt securities 0 0 0 (12,231)
Gain on early extinguishment of debt 0 0 2,316 0
Insurance commission income 1,780 1,855 5,135 5,442
Other non-interest income 8,513 7,674 16,373 15,155
Total non-interest income 20,472 20,549 43,256 28,792
Non-interest expenses:        
Employees' compensation and benefits 39,555 38,409 80,239 77,062
Occupancy and equipment 13,746 13,759 28,851 27,847
Business promotion 4,016 3,192 6,592 6,473
Professional fees 10,193 11,800 20,253 22,756
Taxes, other than income taxes 3,637 3,745 7,493 7,421
Insurance and supervisory fees 3,701 4,855 7,556 9,764
Net loss on real estate owned (OREO) and OREO operations 5,655 3,369 5,845 7,445
Credit and debit card processing expenses 3,766 3,566 7,303 6,397
Communications 1,582 1,628 3,064 3,171
Other non-interest expenses 4,365 4,746 9,047 8,615
Total non-interest expenses 90,216 89,069 176,243 176,951
Income before income taxes 41,191 37,288 82,097 54,756
Income tax expense (10,159) (9,290) (17,917) (1,217)
Net income 31,032 27,998 64,180 53,539
Net income attributable to common stockholders $ 30,363 $ 27,329 $ 62,842 $ 52,201
Net income per common share:        
Basic $ 0.14 $ 0.13 $ 0.29 $ 0.24
Diluted 0.14 0.13 0.29 0.24
Dividends declared per common share $ 0 $ 0 $ 0 $ 0