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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Loans $ 64,497 $ 43,329 $ 184,229 $ 127,679
Mortgage-backed securities 4,105 2,738 12,087 8,189
Debt securities, equity investments and other 2,780 1,963 7,980 5,055
Total interest income 71,382 48,030 204,296 140,923
Interest expense:        
Deposits 5,799 3,126 15,510 8,821
Borrowed funds 4,079 1,848 10,125 5,389
Total interest expense 9,878 4,974 25,635 14,210
Net interest income 61,504 43,056 178,661 126,713
Provision for loan losses 907 1,165 2,984 3,030
Net interest income after provision for loan losses 60,597 41,891 175,677 123,683
Other income:        
Bankcard services revenue 2,425 1,785 6,717 5,202
Net gain on sales of loans 31 17 654 74
Net unrealized loss on equity investments (70)   (282) 0
Net (loss) income from other real estate operations (1,582) 432 (2,975) (196)
Income from Bank Owned Life Insurance 1,337 881 3,813 2,436
Other 836 1 1,880 23
Total other income 8,285 7,359 26,079 20,324
Operating expenses:        
Compensation and employee benefits 19,694 14,673 64,189 46,138
Occupancy 4,443 2,556 13,582 7,965
Equipment 2,067 1,605 6,004 5,006
Marketing 1,021 775 2,475 2,245
Federal deposit insurance 927 713 2,857 2,079
Data processing 3,125 2,367 9,968 6,809
Check card processing 799 871 2,904 2,640
Professional fees 1,066 846 3,746 2,901
Other operating expense 3,366 2,667 9,928 8,258
Amortization of core deposit intangible 995 507 2,828 1,544
Branch consolidation expense 1,368 1,455 2,911 6,939
Merger related expenses 662 1,698 25,863 6,300
Total operating expenses 39,533 30,733 147,255 98,824
Income before provision for income taxes 29,349 18,517 54,501 45,183
Provision for income taxes 5,278 5,700 9,301 12,669
Net income $ 24,071 $ 12,817 $ 45,200 $ 32,514
Basic earnings per share (in dollars per share) $ 0.50 $ 0.40 $ 0.97 $ 1.01
Diluted earnings per share (in dollars per share) $ 0.50 $ 0.39 $ 0.95 $ 0.98
Average basic shares outstanding (in usd per share) 47,685 32,184 46,451 32,073
Average diluted shares outstanding (in usd per share) 48,572 33,106 47,403 33,110
Wealth management revenue        
Other income:        
Other income $ 573 $ 541 $ 1,721 $ 1,622
Fees and service charges        
Other income:        
Other income $ 4,735 $ 3,702 $ 14,551 $ 11,163