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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Loans receivable $ 51,709 $ 45,865 $ 103,969 $ 89,706
Debt securities available for sale and equity securities 7,900 4,922 15,559 11,336
Debt securities held to maturity 2,115 2,991 4,022 3,455
Federal funds and interest earning deposits 134 584 223 1,072
Federal Home Loan Bank stock dividends 874 657 1,846 1,244
Total interest income 62,732 55,019 125,619 106,813
Interest expense:        
Deposits 15,250 9,194 28,929 17,293
Borrowings 6,639 4,810 13,463 9,442
Total interest expense 21,889 14,004 42,392 26,735
Net interest income 40,843 41,015 83,227 80,078
Provision for loan losses 112 2,400 548 4,400
Net interest income after provision for loan losses 40,731 38,615 82,679 75,678
Non-interest income:        
Bank-owned life insurance 1,345 1,493 2,665 2,557
Loan fees and service charges 1,500 451 2,320 922
Gain on securities transactions 339 0 465 116
Change in fair value of equity securities 71 0 247 0
Gain on sale of loans 196 15 328 15
Other non-interest income 1,174 1,260 2,637 2,433
Total non-interest income 6,775 5,450 12,812 9,992
Non-interest expense:        
Compensation and employee benefits 20,343 18,275 39,923 36,325
Occupancy 3,824 3,518 7,655 7,234
Federal deposit insurance premiums 462 473 887 901
Advertising 1,390 1,292 2,778 2,139
Professional fees 1,431 1,076 2,678 1,857
Data processing 669 672 1,307 1,314
Charitable contribution to foundation 0 34,767 0 34,767
Merger-related expenses 462 0 462 0
Other non-interest expense 3,260 1,695 5,710 3,246
Total non-interest expense 31,841 61,768 61,400 87,783
Income (loss) before income tax expense (benefit) 15,665 (17,703) 34,091 (2,113)
Income tax expense (benefit) 3,634 (2,961) 7,141 845
Net income (loss) $ 12,031 $ (14,742) $ 26,950 $ (2,958)
Basic and diluted earnings (loss) per share (in usd per share) $ 0.11 $ (0.13) $ 0.24 $ (0.03)
Weighted average shares outstanding - basic and diluted (in shares) 111,553,203 111,360,278 111,544,339 111,360,278
Demand deposit account fees        
Non-interest income:        
Revenue from contract with customer $ 1,051 $ 976 $ 2,010 $ 1,920
Title insurance fees        
Non-interest income:        
Revenue from contract with customer $ 1,099 $ 1,255 $ 2,140 $ 2,029