XML 17 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Interest and fees on loans $ 31,539 $ 25,362 $ 63,643 $ 46,369
Interest on investment securities 5,436 4,679 10,645 8,760
Interest on certificates of deposit investments 37 12 75 21
Interest on federal funds sold 4 1 7 2
Interest on deposits with other financial institutions 555 77 1,252 137
Total interest income 37,571 30,131 75,622 55,289
Interest expense:        
Interest on deposits 4,940 1,670 9,318 2,932
Interest on securities sold under agreements to repurchase 215 65 475 124
Interest on FHLB borrowings 696 475 1,419 750
Interest on other borrowings 1 118 1 226
Interest on subordinated debentures 406 349 844 608
Total interest expense 6,258 2,677 12,057 4,640
Net interest income 31,313 27,454 63,565 50,649
Provision for loan losses 91 1,877 1,038 2,932
Net interest income after provision for loan losses 31,222 25,577 62,527 47,717
Other income:        
Revenue From Contract With Customer, Wealth Management 3,587 1,599 7,232 3,341
Insurance commissions 3,760 838 9,315 2,325
Revenue From Contract With Customer, Deposit Service Charges 1,959 1,803 3,761 3,438
Securities gains, net 218 881 272 901
Revenue From Contract With Customer, Mortgage Banking 346 410 585 571
Revenue From Contract With Customer, ATM & Debit Card 2,202 1,860 4,218 3,464
Bank Owned Life Insurance Income 447 315 877 591
Other 1,069 655 1,967 1,217
Total other income 13,588 8,361 28,227 15,848
Other expense:        
Salaries and employee benefits 15,565 11,057 32,139 21,251
Net occupancy and equipment expense 4,543 3,505 8,998 6,778
Net Other Real Estate Owned (Income) Expense 188 7 241 83
FDIC insurance 197 285 476 566
Amortization of intangible assets 1,823 716 3,179 1,221
Stationery and supplies 264 186 551 397
Legal and professional 1,304 1,717 2,498 2,854
Marketing and donations 481 431 935 785
Other 5,822 2,892 9,480 5,235
Total other expense 30,187 20,796 58,497 39,170
Income before income taxes 14,623 13,142 32,257 24,395
Income taxes 3,642 3,105 7,960 5,968
Net income $ 10,981 $ 10,037 $ 24,297 $ 18,427
Per share data:        
Basic earnings per common share $ 0.66 $ 0.72 $ 1.46 $ 1.38
Diluted net income per common share available to common stockholders $ 0.66 $ 0.72 $ 1.45 $ 1.38