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Consolidated Statements of Income - Unaudited - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Loans $ 97,815 $ 88,740 $ 278,986 $ 248,708
Investment securities 8,495 7,307 26,932 21,017
Other 3,735 2,238 8,731 5,507
Total interest income 110,045 98,285 314,649 275,232
Interest expense:        
Deposits 32,804 18,381 76,779 48,934
Other borrowings 2,431 3,168 9,082 6,767
FHLB advances 9,125 7,032 27,381 15,433
Subordinated debt 1,684 1,685 5,053 5,055
Total interest expense 46,044 30,266 118,295 76,189
Net interest income 64,001 68,019 196,354 199,043
Provision for loan losses 2,924 2,352 4,257 5,937
Net interest income after provision for loan losses 61,077 65,667 192,097 193,106
Non-interest income:        
Bank-owned life insurance 1,869 1,672 5,769 5,297
Mortgage warehouse transactional fees 1,809 2,396 5,663 7,139
Gain on sale of SBA and other loans 1,096 1,144 3,404 3,045
Mortgage banking income 207 257 532 703
Impairment loss on investment securities 0 (8,349) 0 (12,934)
(Loss) gain on sale of investment securities (18,659) 5,349 (18,659) 8,532
Other 6,676 3,328 13,558 7,741
Total non-interest income 2,084 18,026 39,120 59,170
Non-interest expense:        
Salaries and employee benefits 25,462 24,807 78,135 69,569
Technology, communication, and bank operations 11,657 14,401 32,923 33,227
Professional services 4,743 7,403 14,563 21,142
Merger and acquisition related expenses 2,945 0 3,920 0
Occupancy 2,901 2,857 8,876 8,228
FDIC assessments, non-income taxes, and regulatory fees 2,415 2,475 6,750 6,615
Provision for operating losses 1,171 1,509 3,930 4,901
Advertising and promotion 820 404 1,529 1,108
Loan workout 516 915 1,823 1,844
Other real estate owned expenses 66 445 164 550
Other 4,408 5,824 10,521 13,634
Total non-interest expense 57,104 61,040 163,134 160,818
Income before income tax expense 6,057 22,653 68,083 91,458
Income tax expense 28 14,899 14,250 34,236
Net income (loss) 6,029 7,754 53,833 57,222
Preferred stock dividends 3,615 3,615 10,844 10,844
Net income (loss) available to common shareholders $ 2,414 $ 4,139 $ 42,989 $ 46,378
Basic earnings per common share (usd per share) $ 0.08 $ 0.13 $ 1.36 $ 1.52
Diluted earnings per common share (usd per share) $ 0.07 $ 0.13 $ 1.33 $ 1.42
Interchange and card revenue        
Non-interest income:        
Non-interest income $ 7,084 $ 9,570 $ 23,127 $ 31,729
Deposit fees        
Non-interest income:        
Non-interest income $ 2,002 $ 2,659 $ 5,726 $ 7,918