Condensed Consolidated Statements of Operations (unaudited) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
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| Interest Income | ||||||
| Interest and fees on loans | $ 34,226 | $ 31,000 | $ 100,743 | $ 84,027 | ||
| Interest on securities | ||||||
| Taxable | 2,771 | 2,737 | 8,811 | 8,092 | ||
| Tax-exempt | 319 | 412 | 1,017 | 1,335 | ||
| Other investments | 495 | 303 | 1,449 | 898 | ||
| Total Interest Income | 37,811 | 34,452 | 112,020 | 94,352 | ||
| Interest Expense | ||||||
| Deposits | 6,236 | 3,976 | 17,938 | 9,472 | ||
| Other borrowings and subordinated debentures | 703 | 779 | 2,211 | 2,267 | ||
| Total Interest Expense | 6,939 | 4,755 | 20,149 | 11,739 | ||
| Net Interest Income | 30,872 | 29,697 | 91,871 | 82,613 | ||
| Provision for loan losses | (271) | (53) | 1,045 | 912 | ||
| Net Interest Income After Provision for Loan Losses | 31,143 | 29,750 | 90,826 | 81,701 | ||
| Non-interest Income | ||||||
| Service charges on deposit accounts | 2,883 | 3,166 | 8,323 | 9,166 | ||
| Interchange income | 2,785 | 2,486 | 7,744 | 7,236 | ||
| Net gains (losses) on assets | ||||||
| Mortgage loans | 5,677 | 2,745 | 13,590 | 8,571 | ||
| Securities | 0 | 93 | 304 | (71) | ||
| Mortgage loan servicing, net | (1,562) | 1,212 | (4,684) | 4,668 | ||
| Other | 2,492 | 2,134 | 6,862 | 6,294 | ||
| Total Non-interest Income | 12,275 | 11,836 | 32,139 | 35,864 | ||
| Non-interest Expense | ||||||
| Compensation and employee benefits | 16,673 | 16,169 | 48,955 | 46,506 | ||
| Occupancy, net | 2,161 | 2,233 | 6,797 | 6,667 | ||
| Data processing | 2,282 | 2,051 | 6,597 | 6,180 | ||
| Furniture, fixtures and equipment | 1,023 | 1,043 | 3,058 | 3,029 | ||
| Communications | 733 | 727 | 2,219 | 2,111 | ||
| Interchange expense | 891 | 715 | 2,332 | 1,974 | ||
| Loan and collection | 714 | 531 | 1,976 | 1,900 | ||
| Advertising | 636 | 594 | 1,935 | 1,578 | ||
| Legal and professional | 541 | 477 | 1,281 | 1,311 | ||
| FDIC deposit insurance | 13 | 270 | 723 | 750 | ||
| Merger related expenses | 0 | 98 | 0 | 3,354 | ||
| Other | 2,181 | 1,832 | 6,557 | 5,276 | ||
| Total Non-interest Expense | 27,848 | 26,740 | 82,430 | 80,636 | ||
| Income Before Income Tax | 15,570 | 14,846 | 40,535 | 36,929 | ||
| Income tax expense | 3,125 | 2,921 | 7,979 | 7,026 | ||
| Net Income | $ 12,445 | $ 11,925 | $ 32,556 | $ 29,903 | ||
| Net Income Per Common Share | ||||||
| Basic (in dollars per share) | [1] | $ 0.55 | $ 0.49 | $ 1.41 | $ 1.29 | |
| Diluted (in dollars per share) | $ 0.55 | $ 0.49 | $ 1.40 | $ 1.27 | ||
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- Definition The amount of expenses incurred in the period for data processing services and related costs. No definition available.
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- Definition Includes amounts charged depositors for: (1) maintenance of their accounts (maintenance charges); (2) failure to maintain specified minimum balances on account; (3) exceeding the number of checks or transactions allowed to be processed in a given period; (4) checks drawn on no minimum balance deposit accounts; (5) withdrawals from nontransaction deposit accounts; (6) closing savings accounts before a specified minimum period of time has elapsed; (7) accounts which have remained inactive for extended periods of time or which have become dormant; (8) checks drawn against insufficient funds that the bank assesses regardless of whether it decides to pay, return or hold the check; (9) issuing stop payment orders; (10) certifying checks. This item does not include penalties assessed on the early withdrawal of time deposits. No definition available.
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- Definition Amount of expense related to debit card transactions. No definition available.
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- Definition Represents interchange fees earned on debit card transactions. No definition available.
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- Definition Expenses generally relating to the origination of loans (not subject to capitalization), the collection of loans and maintaining other real estate and repossessed assets. No definition available.
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- Definition Income from servicing real estate mortgages held by others net of any related impairment of capitalized service costs. No definition available.
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- Definition Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense incurred in the period for communication, which is the exchange of information by several methods. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition This element represents equipment expense including depreciation, repairs, rentals, and service contract costs. This item also includes equipment purchases which do not qualify for capitalization in accordance with the entity's accounting policy. This item may also include furniture expenses. No definition available.
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- Definition Amount of expense for Federal Deposit Insurance Corporation (FDIC) insurance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Aggregate amount of interest expense on all borrowings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate amount of interest expense on all deposits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities exempt from state, federal and other income tax. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities subject to state, federal and other income tax. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of unrealized and realized gain (loss) on investment in marketable security, excluding other-than-temporary impairment (OTTI). No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of revenue earned, classified as other, excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after discount, accretion and premium amortization, of interest income and dividend income classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense related to estimated loss from loan and lease transactions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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