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Consolidated statements of income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Interest and fees on loans $ 29,350 $ 26,878 $ 58,356 $ 51,190
Interest on securities        
Taxable 2,589 2,849 5,156 5,894
Tax-exempt 1,068 845 2,108 1,550
Other 271 108 547 288
Total interest income 33,278 30,680 66,167 58,922
Deposits        
Demand and savings accounts 1,703 1,289 3,234 2,686
Time deposits 604 441 1,187 803
Short-term borrowings 12 29 22 88
Long-term debt 532 563 1,046 1,044
Total interest expense 2,851 2,322 5,489 4,621
Net interest income 30,427 28,358 60,678 54,301
Provision for loan losses (865) (789) (1,122) (798)
Net interest income after provision for loan losses 31,292 29,147 61,800 55,099
Noninterest income:        
Mortgage banking income 30,239 30,133 55,319 54,636
Service charges on deposit accounts 1,796 2,276 3,562 4,259
ATM and interchange fees 2,085 1,907 4,132 3,942
Investment services income 903 958 1,717 1,651
Gain on sale of securities 29 2,591 30 3,991
Gain (loss) on sales or write-downs of foreclosed assets 23 (131) 771 (142)
Gain (loss) on other assets 39 (123) 39 17
Other income 543 745 1,174 1,037
Total noninterest income 35,657 38,356 66,744 69,391
Noninterest expenses:        
Salaries, commissions and employee benefits 30,783 26,688 59,789 50,476
Occupancy and equipment expense 3,307 3,226 6,416 6,396
Legal and professional fees 1,033 856 2,461 1,888
Data processing 1,460 669 2,961 1,397
Merger and conversion 767 1,540 1,254 2,146
Amortization of core deposit intangibles 123 527 515 1,079
Amortization of mortgage servicing rights   1,968   3,425
Impairment of mortgage servicing rights   4,914   5,687
Loss on sale of mortgage servicing rights 249   249  
Regulatory fees and deposit insurance assessments 494 529 929 1,016
Software license and maintenance fees 364 1,349 821 1,858
Advertising 3,343 3,601 6,275 5,851
Other expense 7,213 4,728 13,883 10,723
Total noninterest expense 49,136 50,595 95,553 91,942
Income before income taxes 17,813 16,908 32,991 32,548
Income tax expense (Note 7) 6,574 1,133 11,999 2,174
Net income $ 11,239 $ 15,775 $ 20,992 $ 30,374
Per share information:        
Basic 25,741,968 17,180,000 24,944,633 17,180,000
Fully diluted 26,301,458 17,180,000 25,450,419 17,180,000
Earnings per share        
Basic $ 0.44 $ 0.92 $ 0.84 $ 1.77
Fully diluted $ 0.43 $ 0.92 $ 0.82 $ 1.77
Pro Forma (C Corporation basis) (Note 7):        
Income tax expense $ 6,574 $ 6,332 $ 11,999 $ 12,169
Net income $ 11,239 $ 10,576 $ 20,992 $ 20,379
Earnings per share        
Basic $ 0.44 $ 0.62 $ 0.84 $ 1.19
Fully diluted $ 0.43 $ 0.62 $ 0.82 $ 1.19