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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME:        
Loans, including fees $ 46,612 $ 39,549 $ 132,890 $ 114,396
Securities 4,277 4,337 13,569 10,848
Other investments 360 221 1,001 606
Deposits in financial institutions and fed funds sold 651 432 1,803 1,172
Total interest income 51,900 44,539 149,263 127,022
INTEREST EXPENSE:        
Transaction and savings deposits 3,393 2,502 8,880 6,710
Certificates and other time deposits 5,671 4,042 14,454 11,435
Subordinated debentures and subordinated notes 1,120 1,059 3,308 3,151
Other borrowed funds 2,197 657 5,099 1,499
Total interest expense 12,381 8,260 31,741 22,795
NET INTEREST INCOME 39,519 36,279 117,522 104,227
PROVISION FOR LOAN LOSSES 320 2,300 11,880 9,955
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 39,199 33,979 105,642 94,272
NONINTEREST INCOME:        
Customer service fees 2,874 2,365 7,847 6,830
Loan fees 942 871 2,771 2,811
Gain on sale of available-for-sale securities, net 0 (332) 66 (38)
Gain on held-for-sale loans, net 0 (1,294) 0 (1,210)
Gain on sale of guaranteed portion of loans, net 705 1,302 2,758 4,107
Other 952 478 2,674 2,084
Total noninterest income 5,473 3,390 16,116 14,584
NONINTEREST EXPENSE:        
Salaries and employee benefits 13,729 12,487 40,970 37,546
Occupancy 2,068 2,080 6,408 6,125
Professional and regulatory fees 1,359 2,331 5,792 6,627
Data processing 923 924 2,924 2,827
Software license and maintenance 732 464 2,151 1,391
Marketing 354 154 787 516
Loan related 587 271 1,101 1,172
Merger costs 2,955 0 2,955 0
Other 1,425 1,356 5,742 4,313
Total noninterest expense 24,132 20,067 68,830 60,517
INCOME BEFORE INCOME TAXES 20,540 17,302 52,928 48,339
PROVISION FOR INCOME TAXES 4,943 5,895 11,548 16,822
NET INCOME $ 15,597 $ 11,407 $ 41,380 $ 31,517
EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.42 $ 0.31 $ 1.11 $ 0.85
Diluted (in dollars per share) $ 0.41 $ 0.31 $ 1.10 $ 0.85