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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Loans $ 42,608 $ 30,521 $ 84,350 $ 51,556
Mortgage-backed securities 2,791 1,708 5,451 3,123
Investment securities and other 1,480 912 3,092 1,535
Total interest income 46,879 33,141 92,893 56,214
Interest expense:        
Deposits 2,914 1,771 5,695 3,042
Borrowed funds 1,791 1,356 3,541 2,599
Total interest expense 4,705 3,127 9,236 5,641
Net interest income 42,174 30,014 83,657 50,573
Provision for loan losses 1,165 662 1,865 1,225
Net interest income after provision for loan losses 41,009 29,352 81,792 49,348
Other income:        
Bankcard services revenue 1,837 1,211 3,416 2,062
Wealth management revenue 565 621 1,081 1,171
Fees and service charges 3,658 2,597 7,465 4,470
Net loss on sale of investment securities available-for-sale 0 (12) 0 (12)
Net gain on sales of loans available-for-sale 15 170 57 349
Net gain (loss) from other real estate operations 105 (313) (628) (719)
Investment securities and other 783 542 1,555 861
Other 10 67 23 77
Total other income 6,973 4,883 12,969 8,259
Operating expenses:        
Compensation and employee benefits 15,328 11,432 31,466 19,898
Occupancy 2,641 2,011 5,409 3,637
Equipment 1,703 1,184 3,400 2,153
Marketing 730 543 1,470 794
Federal deposit insurance 705 723 1,366 1,252
Data processing 2,046 1,881 4,442 3,146
Check card processing 815 505 1,768 925
Professional fees 1,095 700 2,055 1,198
Other operating expense 2,951 2,217 5,595 3,493
Federal Home Loan Bank prepayment fee 0 136 0 136
Amortization of core deposit intangible 513 125 1,037 138
Branch consolidation expenses 5,451 0 5,484 0
Merger related expenses 3,155 7,189 4,602 8,591
Total operating expenses 37,133 28,646 68,094 45,361
Income before provision for income taxes 10,849 5,589 26,667 12,246
Provision for income taxes 3,170 1,928 6,969 4,380
Net income $ 7,679 $ 3,661 $ 19,698 $ 7,866
Basic earnings per share (in dollars per share) $ 0.24 $ 0.16 $ 0.62 $ 0.40
Diluted earnings per share (in dollars per share) $ 0.23 $ 0.16 $ 0.59 $ 0.39
Average basic shares outstanding (in usd per share) 32,122 22,478 32,014 19,694
Average diluted shares outstanding (in usd per share) 33,138 22,880 33,111 19,996