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Consolidated statements of income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Interest and fees on loans $ 44,367 $ 26,550 $ 102,723 $ 77,740
Interest on securities        
Taxable 2,399 2,402 7,555 8,296
Tax-exempt 988 875 3,096 2,425
Other 661 178 1,208 466
Total interest income 48,415 30,005 114,582 88,927
Deposits        
Demand and savings accounts 2,829 1,340 6,063 4,026
Time deposits 1,125 575 2,312 1,378
Short-term borrowings 9 13 31 101
Long-term debt 842 460 1,888 1,504
Total interest expense 4,805 2,388 10,294 7,009
Net interest income 43,610 27,617 104,288 81,918
Provision for loan losses (784) 71 (1,906) (727)
Net interest income after provision for loan losses 44,394 27,546 106,194 82,645
Noninterest income:        
Mortgage banking income 31,334 36,938 86,653 91,574
Service charges on deposit accounts 2,044 1,870 5,606 6,129
ATM and interchange fees 2,222 1,814 6,354 5,756
Investment services and trust income 1,078 857 2,795 2,508
Gain from securities, net 254 416 284 4,407
Gain or write-downs of other real estate owned 75 1,646 846 1,504
(Loss) gain from other assets (389) 7 (350) 24
Other income 1,202 414 2,376 1,451
Total noninterest income 37,820 43,962 104,564 113,353
Noninterest expenses:        
Salaries, commissions and employee benefits 34,795 34,010 94,584 84,486
Occupancy and equipment expense 3,539 3,171 9,955 9,567
Legal and professional fees 1,512 816 3,973 2,704
Data processing 1,761 1,294 4,722 2,691
Merger and conversion 15,711 1,122 16,965 3,268
Amortization of core deposit intangibles 558 526 1,073 1,605
Amortization of mortgage servicing rights   2,796   6,221
Impairment of mortgage servicing rights   2,402   8,089
Loss on sale of mortgage servicing rights     249  
Regulatory fees and deposit insurance assessments 549 465 1,478 1,481
Software license and maintenance fees 523 503 1,344 2,361
Advertising 3,493 2,220 9,768 8,071
Other expense 6,783 6,204 20,666 16,927
Total noninterest expense 69,224 55,529 164,777 147,471
Income before income taxes 12,990 15,979 45,981 48,527
Income tax expense (Note 8) 4,602 14,772 16,601 16,946
Net income $ 8,388 $ 1,207 $ 29,380 $ 31,581
Weighted average shares of common stock outstanding        
Basic 30,004,952 18,259,128 26,649,942 17,542,335
Fully diluted 30,604,537 18,332,192 27,198,373 17,566,867
Earnings per share        
Basic $ 0.28 $ 0.07 $ 1.10 $ 1.80
Fully diluted $ 0.27 $ 0.07 $ 1.08 $ 1.80
Pro Forma (C Corporation basis) (Note 8):        
Income tax expense $ 4,602 $ 5,946 $ 16,601 $ 18,115
Net income $ 8,388 $ 10,033 $ 29,380 $ 30,412
Earnings per share        
Basic $ 0.28 $ 0.55 $ 1.10 $ 1.73
Fully diluted $ 0.27 $ 0.55 $ 1.08 $ 1.73