XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income:    
Loans $ 41,742 $ 21,035
Mortgage-backed securities 2,660 1,415
Investment securities and other 1,612 623
Total interest income 46,014 23,073
Interest expense:    
Deposits 2,781 1,271
Borrowed funds 1,750 1,243
Total interest expense 4,531 2,514
Net interest income 41,483 20,559
Provision for loan losses 700 563
Net interest income after provision for loan losses 40,783 19,996
Other income:    
Bankcard services revenue 1,579 851
Wealth management revenue 516 550
Fees and service charges 3,743 1,817
Loan servicing income 64 56
Net gain on sales of loans available-for-sale 42 179
Net loss from other real estate operations (733) (406)
Investment securities and other 772 319
Other 12 10
Total other income 5,995 3,376
Operating expenses:    
Compensation and employee benefits 16,138 8,466
Occupancy 2,767 1,626
Equipment 1,698 969
Marketing 740 251
Federal deposit insurance 661 529
Data processing 2,396 1,265
Check card processing 953 420
Professional fees 960 498
Other operating expense 2,677 1,277
Amortization of core deposit intangible 524 13
Merger related expenses 1,447 1,402
Total operating expenses 30,961 16,716
Income before provision for income taxes 15,817 6,656
Provision for income taxes 3,799 2,451
Net income $ 12,018 $ 4,205
Basic earnings per share (in dollars per share) $ 0.38 $ 0.25
Diluted earnings per share (in dollars per share) $ 0.36 $ 0.25
Average basic shares outstanding (in usd per share) 31,901 16,906
Average diluted shares outstanding (in usd per share) 33,090 17,118