XML 49 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Results of Operations (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Data [Abstract]  
Quarterly Results of Operations (unaudited)

 Note 25 — Quarterly Results of Operations (unaudited)

 The following table reports quarterly results of operations (unaudited) for 2017, 2016 and 2015:

 

    2017  
(dollars in thousands except per share data)   Fourth Quarter   Third Quarter   Second Quarter   First Quarter  
Total interest income   $ 86,526   $ 82,370   $ 79,344   $ 75,794  
Total interest expense   11,167   10,434   9,646   8,900  
Net interest income   75,359   71,936   69,698   66,894  
Provision for credit losses   4,087   1,921   1,566   1,397  
Net interest income after provision for credit losses   71,272   70,015   68,132   65,497  
Noninterest income   9,496   6,784   7,023   6,070  
Noninterest expense   29,803   29,516   30,001   29,232  
Income before income tax expense   50,965   47,283   45,154   42,335  
Income tax expense   35,396   17,409   17,382   15,318  
Net income   15,569   29,874   27,772   27,017  
Net income available to common shareholders   $ 15,569   $ 29,874   $ 27,772   $ 27,017  
Earnings per common share                  
Basic (1)   $ 0.46   $ 0.87   $ 0.81   $ 0.79  
Diluted (1)   $ 0.45   $ 0.87   $ 0.81   $ 0.79  

 

    2016  
(dollars in thousands except per share data)   Fourth Quarter   Third Quarter   Second Quarter   First Quarter  
Total interest income   $ 75,795   $ 72,431   $ 69,772   $ 67,807  
Total interest expense   8,771   7,703   5,950   5,216  
Net interest income   67,024   64,728   63,822   62,591  
Provision for credit losses   2,112   2,288   3,888   3,043  
Net interest income after provision for credit losses   64,912   62,440   59,934   59,548  
Noninterest income   7,014   6,405   7,575   6,290  
Noninterest expense   29,780   28,838   28,295   28,103  
Income before income tax expense   42,146   40,007   39,214   37,735  
Income tax expense   16,429   15,484   15,069   14,413  
Net income   25,717   24,523   24,145   23,322  
Net income available to common shareholders   $ 25,717   $ 24,523   $ 24,145   $ 23,322  
Earnings per common share                  
Basic (1)   $ 0.76   $ 0.73   $ 0.72   $ 0.70  
Diluted (1)   $ 0.75   $ 0.72   $ 0.71   $ 0.68  

 

    2015  
(dollars in thousands except per share data)   Fourth Quarter   Third Quarter   Second Quarter   First Quarter  
Total interest income   $ 67,311   $ 63,981   $ 62,423   $ 59,465  
Total interest expense   4,735   4,896   4,873   4,734  
Net interest income   62,576   59,085   57,550   54,731  
Provision for credit losses   4,595   3,262   3,471   3,310  
Net interest income after provision for credit losses   57,981   55,823   54,079   51,421  
Noninterest income   6,492   6,099   6,233   7,804  
Noninterest expense   28,640   27,405   26,598   28,073  
Income before income tax expense   35,833   34,517   33,714   31,152  
Income tax expense   13,485   13,054   12,776   11,734  
Net income   22,348   21,463   20,938   19,418  
Preferred stock dividends and discount accretion   62   180   179   180  
Net income available to common shareholders   $ 22,286   $ 21,283   $ 20,759   $ 19,238  
Earnings per common share                  
Basic (1)   $ 0.67   $ 0.64   $ 0.62   $ 0.62  
Diluted (1)   $ 0.65   $ 0.63   $ 0.61   $ 0.61  

 

(1)  Earnings per common share are calculated on a quarterly basis and may not be additive to the year to date amount.