XML 22 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income      
Interest and fees on loans $ 270,887 $ 218,659 $ 171,567
Interest on taxable securities 20,154 17,824 16,134
Interest on nontaxable securities 1,581 1,722 1,869
Interest on deposits in other banks 1,725 827 790
Interest on federal funds sold 0 33 33
Total interest income 294,347 239,065 190,393
Interest expense      
Interest on deposits 19,877 12,410 9,752
Interest on other borrowings 14,345 7,284 5,104
Total interest expense 34,222 19,694 14,856
Net interest income 260,125 219,371 175,537
Provision for loan losses 8,364 4,091 5,264
Net interest income after provision for loan losses 251,761 215,280 170,273
Noninterest income      
Service charges on deposit accounts 42,054 42,745 34,465
Mortgage banking activity 48,535 48,298 36,800
Other service charges, commissions and fees 2,872 3,575 3,754
Net gains on sales of securities 37 94 137
Gain on sale of SBA loans 4,590 3,974 4,522
Other noninterest income 6,369 7,115 5,908
Total noninterest income 104,457 105,801 85,586
Noninterest expense      
Salaries and employee benefits 120,016 106,837 94,003
Occupancy and equipment 24,069 24,397 21,195
Advertising and marketing 5,131 4,181 3,312
Amortization of intangible assets 3,932 4,376 3,741
Data processing and communications expenses 27,869 24,591 19,849
Legal and other professional fees 15,355 9,885 3,448
Credit resolution-related expenses 3,493 6,172 17,707
Merger and conversion charges 915 6,376 7,980
FDIC insurance 3,078 3,712 3,475
Other noninterest expenses 28,078 25,308 24,405
Total noninterest expense 231,936 215,835 199,115
Income before income tax expense 124,282 105,246 56,744
Income tax expense (50,734) (33,146) (15,897)
Net income $ 73,548 $ 72,100 $ 40,847
Basic earnings per common share (in dollars per share) $ 2.00 $ 2.10 $ 1.29
Diluted earnings per common share (in dollars per share) 1.98 2.08 1.27
Dividends declared per common share (in dollars per share) $ 0.40 $ 0.30 $ 0.20
Weighted average common shares outstanding      
Basic (in shares) 36,828 34,347 31,762
Diluted (in shares) 37,144 34,702 32,127