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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income:    
Real estate secured loans $ 51,510 $ 46,011
Commercial loans 19,126 16,820
Consumer loans 4,905 5,014
Available for sale debt securities, equity securities and Federal Home Loan Bank Stock 7,251 6,563
Held to maturity debt securities 3,144 3,248
Deposits, Federal funds sold and other short-term investments 395 257
Total interest income 86,331 77,913
Interest expense:    
Deposits 6,235 4,452
Borrowed funds 6,819 6,426
Total interest expense 13,054 10,878
Net interest income 73,277 67,035
Provision for loan losses 5,400 1,500
Net interest income after provision for loan losses 67,877 65,535
Non-interest income:    
Fees 6,639 6,005
Wealth management income 4,400 4,213
Bank-owned life insurance 1,264 1,389
Net gain on securities transactions 1 0
Other income 1,003 858
Total non-interest income 13,307 12,465
Non-interest expense:    
Compensation and employee benefits 27,869 26,848
Net occupancy expense 6,745 6,955
Data processing expense 3,606 3,457
FDIC insurance 1,053 1,099
Amortization of intangibles 570 752
Advertising and promotion expense 967 857
Other operating expenses 6,100 6,156
Total non-interest expense 46,910 46,124
Income before income tax expense 34,274 31,876
Income tax expense 6,361 8,368
Net income $ 27,913 $ 23,508
Basic earnings per share (usd per share) $ 0.43 $ 0.37
Weighted average basic shares outstanding (in shares) 64,768,977 64,167,376
Diluted earnings per share (usd per share) $ 0.43 $ 0.37
Weighted average diluted shares outstanding (in shares) 64,949,442 64,369,605