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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income        
Interest and fees on loans $ 70,462 $ 57,322 $ 197,447 $ 160,677
Interest on taxable securities 5,062 4,336 15,057 13,476
Interest on nontaxable securities 392 397 1,209 1,297
Interest on deposits in other banks and federal funds sold 406 155 1,070 659
Total interest income 76,322 62,210 214,783 176,109
Interest expense        
Interest on deposits 5,136 3,074 13,479 8,730
Interest on other borrowings 4,331 2,069 10,702 5,287
Total interest expense 9,467 5,143 24,181 14,017
Net interest income 66,855 57,067 190,602 162,092
Provision for loan losses 1,787 811 5,828 2,381
Net interest income after provision for loan losses 65,068 56,256 184,774 159,711
Noninterest income        
Service charges on deposit accounts 10,535 11,358 31,714 31,709
Mortgage banking activity 13,340 14,067 38,498 38,420
Other service charges, commissions and fees 699 791 2,137 2,869
Gain on sale of securities 0 0 37 94
Other noninterest income 2,425 2,648 8,508 8,437
Total noninterest income 26,999 28,864 80,894 81,529
Noninterest expense        
Salaries and employee benefits 32,583 27,982 89,509 81,700
Occupancy and equipment expense 6,036 5,989 18,059 18,060
Data processing and communications costs 7,050 6,185 20,650 18,347
Credit resolution-related expenses 1,347 1,526 2,879 5,089
Advertising and marketing expense 1,247 1,249 3,612 2,908
Amortization of intangible assets 941 993 2,990 3,332
Merger and conversion charges 92 0 494 6,359
Other noninterest expenses 14,471 9,275 34,406 25,363
Total noninterest expense 63,767 53,199 172,599 161,158
Income before income tax expense 28,300 31,921 93,069 80,082
Income tax expense 8,142 10,364 28,671 26,159
Net income 20,158 21,557 64,398 53,923
Other comprehensive income        
Net unrealized holding gains (losses) arising during period on investment securities available for sale, net of tax expense (benefit) of $966, ($1,481), $2,348 and $4,160 1,795 (2,752) 4,361 7,724
Reclassification adjustment for gains on investment securities included in earnings, net of tax of $0, $0, $13 and $33 0 0 (24) (61)
Unrealized gains (losses) on cash flow hedges arising during period, net of tax expense (benefit) of $14, $130, ($21) and ($306) 25 241 (38) (567)
Other comprehensive income 1,820 (2,511) 4,299 7,096
Total comprehensive income $ 21,978 $ 19,046 $ 68,697 $ 61,019
Basic earnings per common share (in dollars per share) $ 0.54 $ 0.62 $ 1.76 $ 1.58
Diluted earnings per common share (in dollars per share) 0.54 0.61 1.74 1.56
Dividends declared per common share (in dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.20
Weighted average common shares outstanding (in thousands)        
Basic (in shares) 37,225 34,870 36,690 34,156
Diluted (in shares) 37,553 35,195 37,017 34,470