XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated statements of income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Interest and fees on loans $ 57,904 $ 44,367 $ 163,126 $ 102,723
Interest on securities        
Taxable 3,151 2,399 9,137 7,555
Tax-exempt 1,031 988 2,937 3,096
Other 526 661 1,303 1,208
Total interest income 62,612 48,415 176,503 114,582
Interest expense:        
Deposits 7,864 3,954 18,833 8,375
Borrowings 1,993 851 4,969 1,919
Total interest expense 9,857 4,805 23,802 10,294
Net interest income 52,755 43,610 152,701 104,288
Provision for loan losses 1,818 (784) 3,198 (1,906)
Net interest income after provision for loan losses 50,937 44,394 149,503 106,194
Noninterest income:        
(Loss) gain from securities, net (27) 254 (116) 284
Gain (loss) from other assets 326 (389) 239 (350)
Other income 1,257 1,202 4,283 2,376
Total noninterest income 34,355 37,820 103,393 104,564
Noninterest expenses:        
Salaries, commissions and employee benefits 35,213 34,795 103,606 94,584
Occupancy and equipment expense 3,514 3,539 10,483 9,955
Legal and professional fees 1,917 1,512 5,925 3,973
Data processing 2,562 1,761 6,735 4,722
Merger and conversion   15,711 1,193 16,965
Amortization of core deposit and other intangibles 777 558 2,432 1,073
Loss on sale of mortgage servicing rights       249
Regulatory fees and deposit insurance assessments 738 549 2,030 1,478
Advertising 3,810 3,493 10,500 9,768
Other expense 8,060 6,783 24,936 20,666
Total noninterest expense 57,213 69,224 169,722 164,777
Income before income taxes 28,079 12,990 83,174 45,981
Income tax expense (Note 7) 6,702 4,602 19,978 16,601
Net income $ 21,377 $ 8,388 $ 63,196 $ 29,380
Earnings per common share:        
Basic $ 0.69 $ 0.28 $ 2.05 $ 1.10
Fully diluted 0.68 $ 0.27 2.01 $ 1.08
Dividends declared per common share $ 0.06   $ 0.12  
Mortgage Banking Income        
Noninterest income:        
Noninterest income: $ 26,649 $ 31,334 $ 81,664 $ 86,653
Service Charges on Deposit Accounts        
Noninterest income:        
Noninterest income: 2,208 2,044 6,216 5,606
ATM and Interchange Fees        
Noninterest income:        
Noninterest income: 2,411 2,222 7,353 6,354
Investment Services and Trust Income        
Noninterest income:        
Noninterest income: 1,411 1,078 3,797 2,795
Gain (Loss) on Sales or Write-Downs of Other Real Estate Owned        
Noninterest income:        
Noninterest income: 120 75 (43) 846
Software License and Maintenance Fees        
Noninterest expenses:        
Software license and maintenance fees $ 622 $ 523 $ 1,882 $ 1,344