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CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME/(LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income        
Interest and fees on loans $ 45,775 $ 39,610 $ 124,231 $ 109,376
Interest on taxable securities 4,694 3,034 11,594 8,972
Interest on nontaxable securities 480 496 1,411 1,143
Interest on deposits in other banks and federal funds sold 246 46 556 175
Total interest income 51,195 43,186 137,792 119,666
Interest expense        
Interest on deposits 2,521 2,540 7,065 6,928
Interest on other borrowings 1,275 1,514 3,808 3,858
Total interest expense 3,796 4,054 10,873 10,786
Net interest income 47,399 39,132 126,919 108,880
Provision for loan losses 986 1,669 4,711 4,760
Net interest income after provision for loan losses 46,413 37,463 122,208 104,120
Noninterest income        
Service charges on deposit accounts 10,766 6,659 24,346 18,092
Mortgage banking activity 10,404 7,498 28,214 19,510
Other service charges, commissions and fees 1,145 690 2,642 2,004
Gain on sale of securities 115 132 137 138
Other noninterest income 2,548 2,922 7,840 6,730
Total noninterest income 24,978 17,901 63,179 46,474
Noninterest expense        
Salaries and employee benefits 24,934 20,226 68,031 54,562
Occupancy and equipment 5,915 4,669 15,278 12,804
Advertising and marketing expenses 667 594 2,141 2,022
Amortization of intangible assets 1,321 698 2,581 1,668
Data processing and communications costs 5,329 3,928 13,803 11,322
Credit resolution-related expenses 1,083 3,186 15,484 8,216
Merger and conversion charges 446 551 6,173 3,873
Other noninterest expenses 8,701 4,727 22,596 14,669
Total noninterest expense 48,396 38,579 146,087 109,136
Income before income tax expense 22,995 16,785 39,300 41,458
Income tax expense 7,368 5,122 12,601 13,315
Net income 15,627 11,663 26,699 28,143
Less preferred stock dividends and discount accretion 0 0 0 286
Net income available to common shareholders 15,627 11,663 26,699 27,857
Other comprehensive income (loss)        
Unrealized holding gains (losses) arising during period on investment securities available for sale, net of tax of ($936), $114, $615 and ($2,610) 1,739 (211) (1,143) 4,847
Reclassification adjustment for gains included in earnings, net of tax of $40, $46, $48 and $48 (75) (86) (89) (90)
Unrealized gains (losses) on cash flow hedges arising during period, net of tax of $290, ($80), $360 and $264 (539) 149 (669) (489)
Other comprehensive income (loss) 1,125 (148) (1,901) 4,268
Total comprehensive income (loss) $ 16,752 $ 11,515 $ 24,798 $ 32,411
Basic earnings per common share $ 0.49 $ 0.44 $ 0.84 $ 1.08
Diluted earnings per common share 0.48 0.43 0.84 1.07
Dividends declared per common share $ 0.05 $ 0.05 $ 0.15 $ 0.10
Weighted average common shares outstanding        
Basic 32,195 26,773 31,614 25,705
Diluted 32,553 27,161 31,962 26,099