XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
INTEREST INCOME:    
Interest and fees on loans $ 46,746 $ 39,584
Interest on investment securities:    
Taxable 11,354 7,431
Exempt from federal income tax 10,341 11,492
Interest on federal funds sold and interest-bearing deposits in banks 641 276
Total interest income 69,082 58,783
INTEREST EXPENSE:    
Interest on deposits 3,519 1,590
Other 114 173
Total interest expense 3,633 1,763
Net interest income 65,449 57,020
PROVISION FOR LOAN LOSSES 1,310 1,950
Net interest income after provision for loan losses 64,139 55,070
NONINTEREST INCOME:    
Trust fees 6,904 6,017
Service charges on deposit accounts 4,884 4,550
ATM, interchange and credit card fees 6,996 6,164
Real estate mortgage operations 2,933 3,417
Net gain on sale of available-for-sale securities (includes $1,221 and $3 for the three months ended March 31, 2018 and 2017, respectively, related to accumulated other comprehensive earnings reclassifications) 1,221 3
Net gain on sale of foreclosed assets 99 41
Net (loss) gain on sale of assets (91) 4
Interest on loan recoveries 119 154
Other 1,358 936
Total noninterest income 24,423 21,286
NONINTEREST EXPENSE:    
Salaries and employee benefits 26,203 23,259
Net occupancy expense 2,883 2,600
Equipment expense 3,516 3,437
FDIC insurance premiums 566 547
ATM, interchange and credit card expenses 2,143 1,713
Professional and service fees 2,413 1,817
Printing, stationery and supplies 486 438
Operational and other losses 566 985
Software amortization and expense 524 500
Amortization of intangible assets 387 168
Other 8,111 6,688
Total noninterest expense 47,798 42,152
EARNINGS BEFORE INCOME TAXES 40,764 34,204
INCOME TAX EXPENSE (includes $256 and $1 for the three months ended March 31, 2018 and 2017, respectively, related to income tax expense reclassification) 6,245 7,605
NET EARNINGS $ 34,519 $ 26,599
EARNINGS PER SHARE, BASIC $ 0.51 $ 0.40
EARNINGS PER SHARE, ASSUMING DILUTION 0.51 0.40
DIVIDENDS PER SHARE $ 0.19 $ 0.18