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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income    
Interest and fees on loans $ 60,326 $ 47,025
Interest and dividends on investment securities:    
Taxable 2,942 1,887
Tax-exempt 1,127 814
Dividends 457 485
Interest on federal funds sold and other short-term investments 357 264
Total interest income 65,209 50,475
Interest expense    
Deposits 15,351 7,688
Borrowings 4,906 4,640
Total interest expense 20,257 12,328
Net interest income 44,952 38,147
Provision for loan losses 4,500 17,800
Net interest income after provision for loan losses 40,452 20,347
Noninterest income    
Income on bank owned life insurance [1] 822 774
Net gains on sale of loans held-for-sale [1] 19 17
Deposit, loan and other income 786 616
Net gains (losses) on equity securities 103 (120)
Net gains on sales of securities available-for-sale [1] 8
Total noninterest income 1,738 1,287
Noninterest expenses    
Salaries and employee benefits 11,954 9,672
Occupancy and equipment 2,495 2,143
FDIC insurance 755 850
Professional and consulting 1,209 723
Marketing and advertising 210 207
Data processing 1,155 1,148
Merger expenses 7,562
Amortization of core deposit intangibles 364 169
Other components of net periodic pension expense 29 7
Other expenses 2,329 2,020
Total noninterest expenses 28,062 16,939
Income before income tax expense 14,128 4,695
Income tax expense 2,493 444
Net income $ 11,635 $ 4,251
Earnings per common share    
Basic $ 0.33 $ 0.13
Diluted 0.33 0.13
Dividends per common share $ 0.09 $ 0.075
[1] Not within scope of ASC 606