Components of Other Noninterest Income |
The components of other noninterest income were as follows (in
thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
September 30, |
|
|
Nine months ended
September 30, |
|
|
|
2015 |
|
|
2014 |
|
|
2015 |
|
|
2014 |
|
Service charges on deposit accounts
|
|
$ |
3,642 |
|
|
$ |
2,885 |
|
|
$ |
10,879 |
|
|
$ |
8,299 |
|
ATM and interchange fees
|
|
|
3,344 |
|
|
|
2,329 |
|
|
|
9,729 |
|
|
|
6,534 |
|
Other service fees
|
|
|
772 |
|
|
|
545 |
|
|
|
2,265 |
|
|
|
1,598 |
|
Mortgage banking service fees
|
|
|
521 |
|
|
|
419 |
|
|
|
1,583 |
|
|
|
1,260 |
|
Change in value of mortgage servicing rights
|
|
|
(585 |
) |
|
|
(88 |
) |
|
|
(570 |
) |
|
|
(620 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total service charges and fees
|
|
|
7,694 |
|
|
|
6,090 |
|
|
|
23,886 |
|
|
|
17,071 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gain on sale of loans
|
|
|
722 |
|
|
|
509 |
|
|
|
2,181 |
|
|
|
1,487 |
|
Commissions on sale of non-deposit investment products
|
|
|
812 |
|
|
|
703 |
|
|
|
2,561 |
|
|
|
2,317 |
|
Increase in cash value of life insurance
|
|
|
770 |
|
|
|
490 |
|
|
|
2,121 |
|
|
|
1,287 |
|
Change in indemnification asset
|
|
|
(26 |
) |
|
|
14 |
|
|
|
(148 |
) |
|
|
(491 |
) |
Gain (loss) on sale of foreclosed assets
|
|
|
356 |
|
|
|
385 |
|
|
|
782 |
|
|
|
1,853 |
|
Sale of customer checks
|
|
|
129 |
|
|
|
97 |
|
|
|
378 |
|
|
|
296 |
|
Lease brokerage income
|
|
|
161 |
|
|
|
167 |
|
|
|
543 |
|
|
|
385 |
|
Gain (loss) on disposal of fixed assets
|
|
|
(42 |
) |
|
|
(10 |
) |
|
|
(125 |
) |
|
|
60 |
|
Other
|
|
|
1,066 |
|
|
|
144 |
|
|
|
1,723 |
|
|
|
496 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other noninterest income
|
|
|
3,948 |
|
|
|
2,499 |
|
|
|
10,016 |
|
|
|
7,690 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total noninterest income
|
|
$ |
11,642 |
|
|
$ |
8,589 |
|
|
$ |
33,902 |
|
|
$ |
24,761 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage loan servicing fees, net of change in fair value of
mortgage loan servicing rights
|
|
$ |
(64 |
) |
|
$ |
331 |
|
|
$ |
1,013 |
|
|
$ |
640 |
|
Mortgage banking revenue
|
|
$ |
658 |
|
|
$ |
840 |
|
|
$ |
3,194 |
|
|
$ |
2,127 |
|
|
Components of Noninterest Expense |
The components of noninterest expense were as follows (in
thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
September 30, |
|
|
Nine months ended
September 30, |
|
|
|
2015 |
|
|
2014 |
|
|
2015 |
|
|
2014 |
|
Base salaries, net of deferred loan origination costs
|
|
$ |
11,562 |
|
|
$ |
9,066 |
|
|
$ |
34,808 |
|
|
$ |
26,940 |
|
Incentive compensation
|
|
|
1,674 |
|
|
|
1,265 |
|
|
|
4,660 |
|
|
|
3,593 |
|
Benefits and other compensation costs
|
|
|
4,297 |
|
|
|
3,038 |
|
|
|
13,407 |
|
|
|
9,456 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total salaries and benefits expense
|
|
|
17,533 |
|
|
|
13,369 |
|
|
|
52,875 |
|
|
|
39,989 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Occupancy
|
|
|
2,599 |
|
|
|
1,971 |
|
|
|
7,557 |
|
|
|
5,735 |
|
Equipment
|
|
|
1,417 |
|
|
|
995 |
|
|
|
4,358 |
|
|
|
3,091 |
|
Data processing and software
|
|
|
1,869 |
|
|
|
1,577 |
|
|
|
5,655 |
|
|
|
4,105 |
|
ATM network charges
|
|
|
757 |
|
|
|
657 |
|
|
|
2,512 |
|
|
|
2,010 |
|
Telecommunications
|
|
|
658 |
|
|
|
648 |
|
|
|
2,329 |
|
|
|
1,941 |
|
Postage
|
|
|
314 |
|
|
|
179 |
|
|
|
956 |
|
|
|
627 |
|
Courier service
|
|
|
303 |
|
|
|
269 |
|
|
|
804 |
|
|
|
727 |
|
Advertising
|
|
|
926 |
|
|
|
581 |
|
|
|
2,736 |
|
|
|
1,264 |
|
Assessments
|
|
|
642 |
|
|
|
493 |
|
|
|
1,987 |
|
|
|
1,495 |
|
Operational losses
|
|
|
201 |
|
|
|
138 |
|
|
|
474 |
|
|
|
465 |
|
Professional fees
|
|
|
999 |
|
|
|
903 |
|
|
|
3,153 |
|
|
|
2,792 |
|
Foreclosed assets expense
|
|
|
105 |
|
|
|
94 |
|
|
|
305 |
|
|
|
403 |
|
Provision for foreclosed asset losses
|
|
|
106 |
|
|
|
98 |
|
|
|
347 |
|
|
|
137 |
|
Change in reserve for unfunded commitments
|
|
|
(40 |
) |
|
|
175 |
|
|
|
(60 |
) |
|
|
(195 |
) |
Intangible amortization
|
|
|
289 |
|
|
|
53 |
|
|
|
867 |
|
|
|
157 |
|
Merger expense
|
|
|
— |
|
|
|
625 |
|
|
|
586 |
|
|
|
1,268 |
|
Other
|
|
|
2,761 |
|
|
|
2,555 |
|
|
|
8,716 |
|
|
|
7,802 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other noninterest expense
|
|
|
13,906 |
|
|
|
12,011 |
|
|
|
43,282 |
|
|
|
33,824 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total noninterest expense
|
|
$ |
31,439 |
|
|
$ |
25,380 |
|
|
$ |
96,157 |
|
|
$ |
73,813 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Merger expense:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Data processing and software
|
|
|
— |
|
|
$ |
60 |
|
|
$ |
108 |
|
|
$ |
60 |
|
Professional fees
|
|
|
— |
|
|
|
565 |
|
|
|
120 |
|
|
|
1,033 |
|
Other
|
|
|
— |
|
|
|
— |
|
|
|
358 |
|
|
|
175 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total merger expense
|
|
|
— |
|
|
$ |
625 |
|
|
$ |
586 |
|
|
$ |
1,268 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|