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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income:    
Interest and fees on loans $ 60,465 $ 54,681
Interest on mortgage-backed securities 5,399 4,395
Interest and dividends on investment securities:    
Taxable 17 117
Tax-exempt 1,103 1,132
Other interest income 629 501
Total interest income 67,613 60,826
Interest expense:    
Interest on deposits 5,240 3,075
Interest on senior debt 1,179 2,121
Interest on Federal Home Loan Bank advances 2,463 1,858
Interest on federal funds purchased and securities sold under agreements to repurchase 446 201
Interest on trust preferred borrowings 557 446
Interest on other borrowings 14 22
Total interest expense 9,899 7,723
Net interest income 57,714 53,103
Provision for loan losses 3,650 2,162
Net interest income after provision for loan losses 54,064 50,941
Noninterest income:    
Credit/debit card and ATM income 9,805 8,131
Investment management and fiduciary income 9,189 8,039
Deposit service charges 4,630 4,397
Mortgage banking activities, net 1,737 1,185
Securities gains, net 21 320
Unrealized gains on equity investments 15,346 0
Loan fee income 599 549
Bank owned life insurance income 232 275
Other income 5,908 5,196
Total non interest income 47,467 28,092
Noninterest expense:    
Salaries, benefits and other compensation 29,853 28,836
Occupancy expense 5,248 5,162
Equipment expense 3,089 3,124
Data processing and operations expenses 1,907 1,618
Professional fees 1,725 1,635
Marketing expense 758 624
FDIC expenses 599 529
Loan workout and OREO expenses 426 521
Corporate development expense 0 338
Recovery of fraud loss (1,665) 0
Other operating expense 11,472 9,119
Total non interest expenses 53,412 51,506
Income before taxes 48,119 27,527
Income tax provision 10,769 8,590
Net income $ 37,350 $ 18,937
Earnings per share:    
Basic (in dollars per share) $ 1.19 $ 0.60
Diluted (in dollars per share) $ 1.16 $ 0.59