XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME:        
Loans, including fees $ 44,479 $ 38,476 $ 86,278 $ 74,847
Securities 4,734 3,928 9,292 6,511
Other investments 341 197 641 385
Deposits in financial institutions and fed funds sold 659 331 1,152 740
Total interest income 50,213 42,932 97,363 82,483
INTEREST EXPENSE:        
Transaction and savings deposits 3,023 2,230 5,487 4,208
Certificates and other time deposits 4,712 3,786 8,783 7,393
Subordinated debentures and subordinated notes 1,109 1,051 2,188 2,092
Other borrowed funds 1,608 560 2,902 842
Total interest expense 10,452 7,627 19,360 14,535
NET INTEREST INCOME 39,761 35,305 78,003 67,948
PROVISION FOR LOAN LOSSES 1,897 1,510 11,560 7,655
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 37,864 33,795 66,443 60,293
NONINTEREST INCOME:        
Customer service fees 2,578 2,199 4,973 4,465
Loan fees 996 1,106 1,829 1,940
Gain on sale of available-for-sale securities, net 66 294 66 294
Gain on held-for-sale loans, net 0 222 0 84
Gain on sale of guaranteed portion of loans, net 1,112 878 2,053 2,805
Other 733 1,000 1,722 1,606
Total noninterest income 5,485 5,699 10,643 11,194
NONINTEREST EXPENSE:        
Salaries and employee benefits 13,640 12,653 27,241 25,059
Occupancy 2,263 2,048 4,340 4,045
Professional and regulatory fees 2,172 1,899 4,433 4,296
Data processing 1,029 995 2,001 1,903
Software license and maintenance 703 438 1,419 927
Marketing 257 163 433 362
Loan related 467 301 514 901
Real estate acquired by foreclosure, net 4 223 16 515
Other 2,110 891 4,301 2,442
Total noninterest expense 22,645 19,611 44,698 40,450
INCOME BEFORE INCOME TAXES 20,704 19,883 32,388 31,037
PROVISION FOR INCOME TAXES 4,283 6,985 6,605 10,927
NET INCOME $ 16,421 $ 12,898 $ 25,783 $ 20,110
EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.44 $ 0.35 $ 0.69 $ 0.54
Diluted (in dollars per share) $ 0.44 $ 0.35 $ 0.69 $ 0.54