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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income        
Interest and fees on loans $ 75,220 $ 65,667 $ 214,486 $ 186,747
Interest Income, Securities, Operating, Taxable 6,664 5,642 19,381 16,618
Nontaxable interest and dividends on securities 14 19 46 71
Interest on loans held for sale 61 33 110 68
Interest on federal funds sold and short-term investments 916 417 1,768 814
Total interest and dividend income 82,875 71,778 235,791 204,318
Interest expense        
Interest on deposits 5,251 3,331 13,773 9,010
Interest on borrowings 1,390 1,374 4,145 4,280
Total interest expense 6,641 4,705 17,918 13,290
Net interest income 76,234 67,073 217,873 191,028
Provision for loan losses 1,075 0 3,575 1,650
Net interest income after provision for loan losses 75,159 67,073 214,298 189,378
Noninterest income        
Deposit account fees 4,658 4,401 13,640 13,337
Interchange and ATM fees 4,947 4,525 13,889 12,881
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 6,564 5,967 19,528 17,576
Mortgage banking income 1,222 1,338 3,130 3,609
Gain Realized on Life Insurance Policies (1,463) 0 (1,463) 0
Available-For-Sale- Securities - Equity - Gross Realized Gains 4 12 6 19
Increase in cash surrender value of life insurance policies 984 1,019 2,929 3,000
Loan level derivative income 392 784 1,547 2,727
Other noninterest income 3,030 2,724 8,882 7,931
Total noninterest income 23,264 20,770 65,014 61,080
Noninterest expenses        
Salaries and employee benefits 31,095 29,289 92,483 86,267
Occupancy and equipment expenses 6,310 6,085 20,215 18,302
Data processing & facilities management 1,287 1,272 3,837 3,732
FDIC assessment 725 673 2,214 2,234
Advertising expense 1,395 1,359 3,684 4,018
Professional Fees 1,128 937 2,973 2,753
Debit Card Expense 755 992 2,405 2,616
Legal Fees 752 1,423 2,084 2,074
Available-For-Sale Securities - Equity Gross Realized Losses 0 1 0 6
Business Combination, Acquisition Related Costs 2,688 0 3,122 3,393
Software Maintenance 1,079 888 3,048 2,714
Other noninterest expenses 8,225 8,391 25,513 24,783
Total noninterest expenses 55,439 51,310 161,578 152,892
Income before income taxes 42,984 36,533 117,734 97,566
Provision for income taxes 9,969 12,681 26,046 32,426
Net income $ 33,015 $ 23,852 $ 91,688 $ 65,140
Basic earnings per share (in dollars per share) $ 1.20 $ 0.87 $ 3.33 $ 2.39
Diluted earnings per share (in dollars per share) $ 1.20 $ 0.87 $ 3.32 $ 2.38
Weighted average common shares (basic) (in shares) 27,537,841 27,436,792 27,517,210 27,242,902
Common shares equivalents (in shares) 63,499 76,307 62,596 78,043
Weighted average common shares (diluted) (in shares) 27,601,340 27,513,099 27,579,806 27,320,945
Retained Earnings [Member]        
Noninterest expenses        
Net income     $ 91,688 $ 65,140
Cash dividends declared per common share (in dollars per share) $ 0.38 $ 0.32 $ 1.14 $ 0.96