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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME          
Loans $ 85,625 $ 84,173 $ 63,554 $ 169,798 $ 105,990
Investment securities and other interest-earning assets 7,074 6,654 5,179 13,728 8,170
Total interest income 92,699 90,827 68,733 183,526 114,160
INTEREST EXPENSE          
Deposits 7,756 5,914 3,081 13,670 5,216
FHLB advances and other borrowings 2,125 2,023 1,175 4,148 1,779
Subordinated debentures 1,647 1,609 1,139 3,256 2,124
Total interest expense 11,528 9,546 5,395 21,074 9,119
Net interest income before provision for credit losses 81,171 81,281 63,338 162,452 105,041
Provision for credit losses 1,761 2,253 1,945 4,014 4,190
Net interest income after provision for credit losses 79,410 79,028 61,393 158,438 100,851
NONINTEREST INCOME          
Loan servicing fees 292 345 143 637 365
Earnings on bank-owned life insurance 617 611 689 1,228 1,025
Net gain from sales of loans 3,843 2,958 2,887 6,801 5,698
Net gain from sales of investment securities 330 6 2,093 336 2,093
Other income 753 1,414 907 2,167 1,434
Total noninterest income 8,151 7,666 8,759 15,817 13,442
NONINTEREST EXPENSE          
Compensation and benefits 29,274 28,873 21,623 58,147 36,510
Premises and occupancy 5,045 4,781 3,733 9,826 6,186
Data processing 2,747 2,702 2,439 5,449 3,626
Other real estate owned operations, net 2 1 44 3 56
FDIC insurance premiums 581 611 818 1,192 1,273
Legal, audit and professional expense 1,816 1,839 1,178 3,655 2,035
Marketing expense 1,352 1,530 1,006 2,882 1,824
Office, telecommunications and postage expense 1,115 1,080 922 2,195 1,355
Loan expense 594 591 1,068 1,185 1,536
Deposit expense 2,302 1,676 1,669 3,978 3,113
Merger-related expense 943 936 10,117 1,879 15,063
CDI amortization 1,996 2,274 1,761 4,270 2,272
Other expense 2,309 2,914 2,077 5,223 3,610
Total noninterest expense 50,076 49,808 48,455 99,884 78,459
Net income before income taxes 37,485 36,886 21,697 74,371 35,834
Income tax 10,182 8,884 7,521 19,066 12,137
Net Income $ 27,303 $ 28,002 $ 14,176 $ 55,305 $ 23,697
EARNINGS PER SHARE          
Basic (in dollars per share) $ 0.59 $ 0.61 $ 0.36 $ 1.20 $ 0.71
Diluted (in dollars per share) $ 0.58 $ 0.60 $ 0.35 $ 1.18 $ 0.69
WEIGHTED AVERAGE SHARES OUTSTANDING          
Basic (in shares) 46,053,077 45,893,496 39,586,524 45,973,727 33,591,040
Diluted (in shares) 46,702,968 46,652,059 40,267,220 46,678,123 34,267,215
Service charges on deposit accounts          
NONINTEREST INCOME          
Noninterest income $ 1,057 $ 1,150 $ 866 $ 2,207 $ 1,207
Other service fee income          
NONINTEREST INCOME          
Noninterest income 169 146 495 315 874
Debit card interchange fee income          
NONINTEREST INCOME          
Noninterest income $ 1,090 $ 1,036 $ 679 $ 2,126 $ 746