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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Loans receivable:        
Taxable $ 84,663 $ 59,386 $ 162,930 $ 115,743
Tax exempt 3,632 2,492 7,228 4,825
Investment securities:        
Taxable 5,434 4,180 10,530 8,488
Tax exempt 6,246 5,091 12,372 10,094
Deposits with financial institutions 633 114 764 158
Federal Home Loan Bank stock 263 204 667 393
Total Interest Income 100,871 71,467 194,491 139,701
INTEREST EXPENSE        
Deposits 12,165 5,137 21,167 9,261
Federal funds purchased 61 103 441 331
Securities sold under repurchase agreements 172 110 345 198
Federal Home Loan Bank advances 1,845 1,177 4,004 2,155
Subordinated debentures and term loans 2,057 1,840 4,047 3,657
Total Interest Expense 16,300 8,367 30,004 15,602
NET INTEREST INCOME 84,571 63,100 164,487 124,099
Provision for loan losses 1,663 2,875 4,163 5,260
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 82,908 60,225 160,324 118,839
OTHER INCOME        
Service charges on deposit accounts 5,038 4,438 9,815 8,612
Fiduciary and wealth management fees 3,150 2,609 6,566 5,249
Other customer fees 5,362 5,406 10,778 10,269
Increase in cash surrender value of life insurance 907 817 1,985 1,715
Gains on life insurance benefits 100 2,154 198 2,154
Net gains and fees on sales of loans 1,600 1,617 3,421 2,892
Net realized gains on sales of available for sale securities 1,122 567 2,731 1,165
Other income 912 826 2,258 1,224
Total Other Income 18,191 18,434 37,752 33,280
OTHER EXPENSES        
Salaries and employee benefits 32,192 27,076 64,418 52,808
Net occupancy 4,348 3,965 9,018 8,181
Equipment 3,556 2,907 7,224 5,714
Marketing 1,474 792 2,358 1,357
Outside data processing fees 3,462 3,086 6,426 5,702
Printing and office supplies 324 275 658 539
Intangible asset amortization 1,718 991 3,444 1,894
FDIC assessments 711 579 1,430 1,149
Other real estate owned and foreclosure expenses 362 731 764 1,262
Professional and other outside services 1,789 3,266 3,330 5,000
Other expenses 3,568 3,648 8,121 6,809
Total Other Expenses 53,504 47,316 107,191 90,415
INCOME BEFORE INCOME TAX 47,595 31,343 90,885 61,704
Income tax expense 7,961 7,207 14,572 14,375
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 39,634 $ 24,136 $ 76,313 $ 47,329
Per Share Data:        
Basic Net Income Available to Common Stockholders (in dollars per share) $ 0.80 $ 0.57 $ 1.55 $ 1.14
Diluted Net Income Available to Common Stockholders (in dollars per share) 0.80 0.57 1.54 1.13
Cash Dividends Paid (in dollars per share) $ 0.22 $ 0.18 $ 0.40 $ 0.33
Average Diluted Shares Outstanding (in shares) 49,451,406 42,243,539 49,440,045 41,735,021