XML 15 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest revenue:        
Loans, including fees $ 63,472 $ 52,976 $ 127,448 $ 102,640
Investment securities, including tax exempt of $149, $181, $315 and $339 16,833 12,037 32,621 24,095
Deposits in banks and short-term investments 777 795 1,734 1,607
Total interest revenue 81,082 65,808 161,803 128,342
Deposits:        
NOW 444 348 929 742
Money market 1,206 806 2,314 1,479
Savings 30 26 59 46
Time 743 895 1,385 2,004
Total deposit interest expense 2,423 2,075 4,687 4,271
Short-term borrowings 93 82 180 180
Federal Home Loan Bank advances 983 454 1,716 846
Long-term debt 2,665 2,206 5,350 4,812
Total interest expense 6,164 4,817 11,933 10,109
Net interest revenue 74,918 60,991 149,870 118,233
(Release of) provision for credit losses (300) 900 (500) 2,700
Net interest revenue after provision for credit losses 75,218 60,091 150,370 115,533
Fee revenue:        
Service charges and fees 10,515 8,375 20,641 15,990
Mortgage loan and other related fees 4,448 3,707 7,737 6,462
Brokerage fees 1,117 1,232 2,170 2,783
Gains from sales of government guaranteed loans 2,801 1,494 4,038 2,635
Securities gains, net 282 13 661 1,552
Loss from prepayment of debt       (1,038)
Other 4,334 2,445 6,856 4,564
Total fee revenue 23,497 17,266 42,103 32,948
Total revenue 98,715 77,357 192,473 148,481
Operating expenses:        
Salaries and employee benefits 33,572 27,961 66,634 54,407
Communications and equipment 4,393 3,304 8,683 6,575
Occupancy 4,538 3,415 9,261 6,693
Advertising and public relations 1,323 1,127 2,187 1,877
Postage, printing and supplies 1,298 993 2,578 1,931
Professional fees 3,189 2,257 5,889 4,176
FDIC assessments and other regulatory charges 1,517 1,298 3,041 2,507
Amortization of intangibles 987 447 1,997 689
Merger-related and other charges 1,176 3,173 3,829 3,173
Other 6,067 4,445 11,846 9,453
Total operating expenses 58,060 48,420 115,945 91,481
Net income before income taxes 40,655 28,937 76,528 57,000
Income tax expense 15,389 11,124 28,967 21,517
Net income 25,266 17,813 47,561 35,483
Preferred stock dividends and discount accretion   17 21 17
Net income available to common shareholders $ 25,266 $ 17,796 $ 47,540 $ 35,466
Earnings per common share:        
Basic (in dollars per share) $ 0.35 $ 0.28 $ 0.66 $ 0.57
Diluted (in dollars per share) $ 0.35 $ 0.28 $ 0.66 $ 0.57
Weighted average common shares outstanding:        
Basic (in shares) 72,202 62,549 72,187 61,730
Diluted (in shares) 72,207 62,553 72,191 61,734