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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and dividend income:        
Loans, including fees $ 53,102 $ 37,268 $ 130,455 $ 108,600
Investments:        
Taxable securities 9,189 7,011 23,949 20,617
Tax exempt securities 1,189 1,041 3,272 3,124
Dividends 459 301 1,093 1,020
Interest bearing cash at Federal Reserve and other banks 615 292 1,384 1,080
Total interest and dividend income 64,554 45,913 160,153 134,441
Interest expense:        
Deposits 2,072 1,028 4,402 2,896
Other borrowings 1,178 149 2,106 164
Junior subordinated debt 815 652 2,301 1,870
Total interest expense 4,065 1,829 8,809 4,930
Net interest income 60,489 44,084 151,344 129,511
Provision for (benefit from) loan losses 2,651 765 1,777 (1,588)
Net interest income after provision for (benefit from) loan losses 57,838 43,319 149,567 131,099
Noninterest income:        
Service charges and fees 9,743 9,475 28,327 27,861
Commissions on sale of non-deposit investment products 728 672 2,414 1,984
Increase in cash value of life insurance 732 732 1,996 2,043
Gain on sale of loans 539 606 1,831 2,293
Gain on sale of investment securities 207 961 207 961
Other 237 484 1,875 2,401
Total noninterest income 12,186 12,930 36,650 37,543
Noninterest expense:        
Salaries and related benefits 25,823 20,933 68,928 62,320
Other 21,555 16,289 54,482 46,628
Total noninterest expense 47,378 37,222 123,410 108,948
Income before income taxes 22,646 19,027 62,807 59,694
Provision for income taxes 6,476 7,130 17,698 22,129
Net income $ 16,170 $ 11,897 $ 45,109 $ 37,565
Earnings per share:        
Basic $ 0.54 $ 0.52 $ 1.78 $ 1.64
Diluted $ 0.53 $ 0.51 $ 1.76 $ 1.62