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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans and leases $ 63,391 $ 55,045 $ 177,298 $ 128,326
Interest on taxable securities 6,554 5,076 18,550 13,703
Interest on tax-exempt securities 486 337 1,257 740
Other interest and dividend income 598 615 1,794 1,287
Total interest and dividend income 71,029 61,073 198,899 144,056
INTEREST EXPENSE        
Deposits 9,618 5,971 27,000 12,214
Federal Home Loan Bank advances 2,771 1,723 7,044 4,441
Subordinated debentures and other borrowings 802 786 2,484 2,057
Total interest expense 13,191 8,480 36,528 18,712
Net interest income 57,838 52,593 162,371 125,344
PROVISION FOR LOAN AND LEASE LOSSES 5,931 5,842 16,321 14,913
Net interest income after provision for loan and lease losses 51,907 46,751 146,050 110,431
NON-INTEREST INCOME        
ATM and interchange fees 973 1,540 2,635 3,303
Net gains on sales of securities available-for-sale 178   1,151 4
Change in fair value of equity securities, net (15)   1,035  
Net gains on sales of loans 9,405 5,015 23,110 22,214
Wealth management and trust income 653 674 1,874 866
Other non-interest income 918 1,672 2,582 4,058
Total non-interest income 14,806 10,902 40,977 36,236
NON-INTEREST EXPENSE        
Salaries and employee benefits 24,537 21,312 71,081 58,834
Occupancy expense, net 3,745 3,548 12,362 11,802
Equipment expense 767 617 2,168 1,778
Loan and lease related expenses 1,949 1,015 5,367 3,886
Legal, audit and other professional fees 4,066 2,358 9,113 8,627
Data processing 4,062 2,724 11,055 15,396
Net loss (gain) recognized on other real estate owned and other related expenses 95 (284) 543 187
Regulatory assessments 228 675 540 1,282
Other intangible assets amortization expense 2,003 1,898 5,735 3,795
Advertising and promotions 843 537 2,284 1,133
Telecommunications 474 435 1,475 1,319
Other non-interest expense 2,679 2,880 8,358 6,769
Total non-interest expense 45,448 37,715 130,081 114,808
INCOME BEFORE PROVISION FOR INCOME TAXES 21,265 19,938 56,946 31,859
PROVISION FOR INCOME TAXES 5,923 5,402 15,796 7,787
NET INCOME 15,342 14,536 41,150 24,072
Dividends on preferred shares 196 196 587 587
INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 15,146 $ 14,340 $ 40,563 $ 23,485
EARNINGS PER COMMON SHARE        
Basic $ 0.40 $ 0.40 $ 1.09 $ 0.73
Diluted $ 0.39 $ 0.39 $ 1.07 $ 0.71
Fees and Service Charges on Deposits [Member]        
NON-INTEREST INCOME        
Fees and charges $ 1,612 $ 1,825 $ 4,823 $ 4,593
Loan Servicing Revenue [Member]        
NON-INTEREST INCOME        
Fees and charges 2,692 2,622 7,861 7,605
Loan Servicing Asset Revaluation [Member]        
NON-INTEREST INCOME        
Fees and charges $ (1,610) $ (2,446) $ (4,094) $ (6,407)