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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income:      
Loans secured by real estate $ 204,487 $ 191,856 $ 171,347
C&I loans 3,072 41 0
Other loans 75 74 93
MBS 542 20 186
Investment securities 577 880 875
Other short-term investments 3,343 2,756 2,290
Total interest income 212,096 195,627 174,791
Interest expense:      
Deposits and escrow 38,391 32,374 23,005
Borrowed funds 20,975 19,767 23,222
Total interest expense 59,366 52,141 46,227
Net interest income 152,730 143,486 128,564
Provision (Credit) for loan losses 520 2,118 (1,330)
Net interest income after provision for loan losses 152,210 141,368 129,894
Non-interest income:      
Service charges and other fees 3,828 3,429 3,323
Mortgage banking income, net 201 96 183
Net gain on securities and other assets [1] 2,740 123 1,273
Gain on sale of loans 1,475 0 0
Gain on the sale of premises held for sale 10,412 68,183 0
Income from BOLI 2,217 2,734 2,405
Other 641 1,369 1,432
Total non-interest income 21,514 75,934 8,616
Non-interest expense:      
Salaries and employee benefits 37,365 34,854 31,350
Stock benefit plan compensation expense 1,358 14,651 3,640
Occupancy and equipment 14,201 12,103 10,514
Data processing costs 8,280 5,194 4,017
Advertising and marketing 5,774 4,121 2,685
Federal deposit insurance premiums 2,966 2,515 2,304
Loss from extinguishment of debt 1,272 0 0
Other 13,770 10,393 7,983
Total non-interest expense 84,986 83,831 62,493
Income before income taxes 88,738 133,471 76,017
Income tax expense 36,856 60,957 31,245
Net income $ 51,882 $ 72,514 $ 44,772
Earnings per Share ("EPS"):      
Basic (in dollars per share) $ 1.38 $ 1.97 $ 1.24
Diluted (in dollars per share) $ 1.38 $ 1.97 $ 1.23
[1] Amount includes periodic valuation gains or losses on trading securities.