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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest Income        
Interest and fees on loans $ 78,176 $ 69,869 $ 226,543 $ 202,002
Interest and dividends on investment securities 3,194 2,177 8,854 7,121
Interest on balances with other banks and short-term investments 991 376 2,084 856
Interest on federal funds sold 9 9 27 31
Total interest income 82,370 72,431 237,508 210,010
Interest Expense        
Interest on deposits 7,233 4,840 19,466 13,513
Interest on customer repurchase agreements 58 39 136 115
Interest on short-term borrowings 164 383 441 727
Interest on long-term borrowings 2,979 2,441 8,937 4,515
Total interest expense 10,434 7,703 28,980 18,870
Net Interest Income 71,936 64,728 208,528 191,140
Provision for Credit Losses 1,921 2,288 4,884 9,219
Net Interest Income After Provision For Credit Losses 70,015 62,440 203,644 181,921
Noninterest Income        
Service charges on deposits 1,626 1,431 4,641 4,303
Gain on sale of loans 2,173 3,009 6,740 8,464
Gain on sale of investment securities 11 1 542 1,123
Increase in the cash surrender value of bank owned life insurance 369 391 1,108 1,171
Other income 2,605 1,573 6,846 5,209
Total noninterest income 6,784 6,405 19,877 20,270
Noninterest Expense        
Salaries and employee benefits 16,905 17,130 50,451 49,157
Premises and equipment expenses 3,846 3,786 11,613 11,419
Marketing and advertising 732 857 2,873 2,551
Data processing 2,019 1,879 6,057 5,716
Legal, accounting and professional fees 1,240 771 3,539 2,845
FDIC insurance 929 629 2,063 2,193
Other expenses 3,845 3,786 12,153 11,354
Total noninterest expense 29,516 28,838 88,749 85,235
Income Before Income Tax Expense 47,283 40,007 134,772 116,956
Income Tax Expense 17,409 15,484 50,109 44,966
Net Income $ 29,874 $ 24,523 $ 84,663 $ 71,990
Earnings Per Common Share        
Basic (in dollars per share) $ 0.87 $ 0.73 $ 2.48 $ 2.14
Diluted (in dollars per share) $ 0.87 $ 0.72 $ 2.47 $ 2.11