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Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of Segment Financial Information

The following tables provides segment financial information for the three and nine months ended September 30, 2016 and 2015 follows:

 

Three months ended September 30, 2016

 

 

Banking

 

 

Mortgage

 

 

Consolidated

 

Net interest income

 

$

28,158

 

 

$

(541

)

 

$

27,617

 

Provision for loan loss

 

 

71

 

 

 

 

 

 

71

 

Mortgage banking income

 

 

8,878

 

 

 

28,060

 

 

 

36,938

 

Other noninterest income

 

 

7,024

 

 

 

 

 

 

7,024

 

Depreciation

 

 

927

 

 

 

45

 

 

 

972

 

Amortization of intangibles

 

 

526

 

 

 

 

 

 

526

 

Amortization and impairment of mortgage servicing rights

 

 

 

 

 

5,198

 

 

 

5,198

 

Other noninterest expense

 

 

30,332

 

 

 

18,501

 

 

 

48,833

 

Income before income taxes

 

 

12,204

 

 

 

3,775

 

 

 

15,979

 

Income tax expense

 

 

 

 

 

 

 

 

 

 

14,772

 

Net income

 

 

 

 

 

 

 

 

 

 

1,207

 

Total assets

 

$

2,661,116

 

 

$

526,064

 

 

$

3,187,180

 

Goodwill

 

 

46,767

 

 

 

100

 

 

 

46,867

 

 

Three months ended September 30, 2015

 

 

Banking

 

 

Mortgage

 

 

Consolidated

 

Net interest income

 

$

23,625

 

 

$

510

 

 

$

24,135

 

Provision for loan loss

 

 

(1,159

)

 

 

 

 

 

(1,159

)

Mortgage banking income

 

 

5,875

 

 

 

13,919

 

 

 

19,794

 

Other noninterest income

 

 

7,254

 

 

 

 

 

 

7,254

 

Depreciation

 

 

793

 

 

 

28

 

 

 

821

 

Amortization of intangibles

 

 

415

 

 

 

 

 

 

415

 

Amortization and impairment of mortgage servicing rights

 

 

 

 

 

764

 

 

 

764

 

Other noninterest expense

 

 

21,573

 

 

 

12,006

 

 

 

33,579

 

Income before income taxes

 

 

15,132

 

 

 

1,631

 

 

 

16,763

 

Income tax expense

 

 

 

 

 

 

 

 

 

 

858

 

Net income

 

 

 

 

 

 

 

 

 

 

15,905

 

Total assets

 

$

2,534,915

 

 

$

341,425

 

 

$

2,876,340

 

Goodwill

 

 

46,804

 

 

 

100

 

 

 

46,904

 

 

Nine months ended September 30, 2016

 

 

Banking

 

 

Mortgage

 

 

Consolidated

 

Net interest income

 

$

83,389

 

 

$

(1,471

)

 

$

81,918

 

Provision for loan loss

 

 

(727

)

 

 

 

 

 

(727

)

Mortgage banking income

 

 

22,237

 

 

 

69,337

 

 

 

91,574

 

Other noninterest income

 

 

21,779

 

 

 

 

 

 

21,779

 

Depreciation

 

 

2,729

 

 

 

265

 

 

 

2,994

 

Amortization of intangibles

 

 

1,605

 

 

 

 

 

 

1,605

 

Amortization and impairment of mortgage servicing rights

 

 

 

 

 

14,310

 

 

 

14,310

 

Other noninterest expense

 

 

81,202

 

 

 

47,360

 

 

 

128,562

 

Income before income taxes

 

 

42,596

 

 

 

5,931

 

 

 

48,527

 

Income tax expense

 

 

 

 

 

 

 

 

 

 

16,946

 

Net income

 

 

 

 

 

 

 

 

 

 

31,581

 

Total assets

 

$

2,661,116

 

 

$

526,064

 

 

$

3,187,180

 

Goodwill

 

 

46,767

 

 

 

100

 

 

 

46,867

 

 

Nine months ended September 30, 2015

 

 

Banking

 

 

Mortgage

 

 

Consolidated

 

Net interest income

 

$

67,461

 

 

$

1,115

 

 

$

68,576

 

Provision for loan loss

 

 

(937

)

 

 

 

 

 

(937

)

Mortgage banking income

 

 

14,227

 

 

 

36,854

 

 

 

51,081

 

Other noninterest income

 

 

17,190

 

 

 

 

 

 

17,190

 

Depreciation and amortization

 

 

2,207

 

 

 

176

 

 

 

2,383

 

Amortization of intangibles

 

 

1,221

 

 

 

 

 

 

1,221

 

Amortization and impairment of mortgage servicing rights

 

 

 

 

 

1,543

 

 

 

1,543

 

Other noninterest expense

 

 

60,698

 

 

 

30,767

 

 

 

91,465

 

Income before income taxes

 

 

35,689

 

 

 

5,483

 

 

 

41,172

 

Income tax expense

 

 

 

 

 

 

 

 

 

 

2,507

 

Net income

 

 

 

 

 

 

 

 

 

 

38,665

 

Total assets

 

$

2,534,915

 

 

$

341,425

 

 

$

2,876,340

 

Goodwill

 

 

46,804

 

 

 

100

 

 

 

46,904