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QUARTERLY FINANCIAL DATA (unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Consolidated Quarterly Financial Information
The following table sets forth certain consolidated quarterly financial information of the Company.  During the fourth quarter of 2017, the Company recorded approximately $13.6 million of additional income tax expense attributable to the remeasurement of deferred tax assets and deferred tax liabilities at a reduced federal corporate tax rate. During the third quarter of 2017, the Company recorded approximately $3.1 million of after-tax compliance resolution expense. During the fourth quarter of 2016, the Company recorded approximately $3.7 million of after-tax compliance resolution expense. During the first quarter of 2016, the Company completed the acquisition of JAXB and recorded approximately $4.1 million of after-tax merger related charges from this acquisition.

 
Quarters Ended December 31, 2017
(dollars in thousands, except per share data)
4
 
3
 
2
 
1
Selected Income Statement Data
 
 
 
 
 
 
 
Interest income
$
79,564

 
$
76,322

 
$
71,411

 
$
67,050

Interest expense
10,041

 
9,467

 
8,254

 
6,460

Net interest income
69,523

 
66,855

 
63,157

 
60,590

Provision for loan losses
2,536

 
1,787

 
2,205

 
1,836

Net interest income after provision for loan losses
66,987

 
65,068

 
60,952

 
58,754

Noninterest income
23,563

 
26,999

 
28,189

 
25,706

Noninterest expense
58,916

 
63,675

 
55,739

 
52,691

Merger and conversion charges
421

 
92

 

 
402

Income before income taxes
31,213

 
28,300

 
33,402

 
31,367

Income tax
22,063

 
8,142

 
10,315

 
10,214

Net income
$
9,150

 
$
20,158

 
$
23,087

 
$
21,153

 
 
 
 
 
 
 
 
Per Share Data
 
 
 
 
 
 
 
Net income – basic
$
0.25

 
$
0.54

 
$
0.62

 
$
0.59

Net income – diluted
0.24

 
0.54

 
0.62

 
0.59

Common dividends - cash
0.10

 
0.10

 
0.10

 
0.10


 
Quarters Ended December 31, 2016
(dollars in thousands, except per share data)
4
 
3
 
2
 
1
Selected Income Statement Data
 
 
 
 
 
 
 
Interest income
$
62,956

 
$
62,210

 
$
59,340

 
$
54,559

Interest expense
5,677

 
5,143

 
4,751

 
4,123

Net interest income
57,279

 
57,067

 
54,589

 
50,436

Provision for loan losses
1,710

 
811

 
889

 
681

Net interest income after provision for loan losses
55,569

 
56,256

 
53,700

 
49,755

Noninterest income
24,272

 
28,864

 
28,379

 
24,286

Noninterest expense
54,660

 
53,199

 
52,359

 
49,241

Merger and conversion charges
17

 

 

 
6,359

Income before income taxes
25,164

 
31,921

 
29,720

 
18,441

Income tax
6,987

 
10,364

 
9,671

 
6,124

Net income
$
18,177

 
$
21,557

 
$
20,049

 
$
12,317

 
 
 
 
 
 
 
 
Per Share Data
 
 
 
 
 
 
 
Net income – basic
$
0.52

 
$
0.62

 
$
0.58

 
$
0.38

Net income – diluted
0.52

 
0.61

 
0.57

 
0.37

Common dividends - cash
0.10

 
0.10

 
0.05

 
0.05