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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest and dividend income:        
Loans, including fees $ 55,491 $ 39,304 $ 109,889 $ 77,353
Investments:        
Taxable securities 10,457 7,438 21,012 14,760
Tax exempt securities 1,061 1,042 2,134 2,083
Dividends 305 298 665 634
Interest bearing cash at Federal Reserve and other banks 866 396 1,937 769
Total interest and dividend income 68,180 48,478 135,637 95,599
Interest expense:        
Deposits 2,999 1,234 5,718 2,330
Other borrowings 37 586 50 928
Junior subordinated debt 829 789 1,684 1,486
Total interest expense 3,865 2,609 7,452 4,744
Net interest income 64,315 45,869 128,185 90,855
Provision for (reversal of) loan losses 537 (638) (1,063) (874)
Net interest income after provision for (benefit from reversal of) loan losses 63,778 46,507 129,248 91,729
Noninterest income:        
Service charges and fees 10,128 9,228 19,198 18,584
Gain on sale of loans 575 666 987 1,292
Asset management and commission income 739 810 1,381 1,686
Increase in cash value of life insurance 746 656 1,521 1,264
Other 1,390 814 2,355 1,638
Total noninterest income 13,578 12,174 25,442 24,464
Noninterest expense:        
Salaries and related benefits 26,719 21,453 51,847 43,105
Other 20,133 16,417 40,518 32,927
Total noninterest expense 46,852 37,870 92,365 76,032
Income before provision for income taxes 30,504 20,811 62,325 40,161
Provision for income taxes 7,443 5,782 16,538 11,222
Net income $ 23,061 $ 15,029 $ 45,787 $ 28,939
Earnings per share:        
Basic $ 0.76 $ 0.65 $ 1.50 $ 1.26
Diluted $ 0.75 $ 0.65 $ 1.49 $ 1.24