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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Interest and fees on loans $ 117,010 $ 82,723 $ 229,411 $ 155,990
Interest on taxable securities 9,383 6,321 18,426 11,528
Interest on nontaxable securities 102 179 258 501
Interest on deposits in other banks and federal funds sold 2,533 723 5,862 1,439
Total interest income 129,028 89,946 253,957 169,458
Interest expense        
Interest on deposits 23,454 7,794 45,138 14,566
Interest on other borrowings 3,923 6,153 7,773 10,092
Total interest expense 27,377 13,947 52,911 24,658
Net interest income 101,651 75,999 201,046 144,800
Provision for loan losses 4,668 9,110 8,076 10,911
Net interest income after provision for loan losses 96,983 66,889 192,970 133,889
Noninterest income        
Service charges on deposit accounts 12,168 10,613 23,814 20,841
Mortgage banking activity 18,523 15,403 33,200 27,689
Other service charges, commissions and fees 793 697 1,561 1,416
Net gain (loss) on securities 69 (123) 135 (86)
Other noninterest income 3,683 4,717 7,297 7,911
Total noninterest income 35,236 31,307 66,007 57,771
Noninterest expense        
Salaries and employee benefits 38,441 39,776 76,811 71,865
Occupancy and equipment expense 7,834 6,390 16,038 12,588
Data processing and communications expenses 8,388 6,439 16,779 13,574
Credit resolution-related expenses 979 1,045 1,890 1,594
Advertising and marketing expense 1,987 1,256 3,728 2,485
Amortization of intangible assets 3,121 2,252 6,253 3,186
Merger and conversion charges 3,475 18,391 5,532 19,226
Other noninterest expenses 17,026 10,837 29,645 20,966
Total noninterest expense 81,251 86,386 156,676 145,484
Income before income tax expense 50,968 11,810 102,301 46,176
Income tax expense 12,064 2,423 23,492 10,129
Net income 38,904 9,387 78,809 36,047
Other comprehensive income (loss)        
Net unrealized holding gains (losses) arising during period on investment securities available for sale, net of tax expense (benefit) of $4,765, ($482), $5,793 and ($2,982) 17,927 (1,814) 21,794 (11,217)
Reclassification adjustment for gains on investment securities included in earnings, net of tax of $13, $0, $25 and $8 (48) 0 (94) (29)
Unrealized gains (losses) on cash flow hedges arising during period, net of tax expense (benefit) of ($64), $17, ($110) and $92 (239) 66 (412) 347
Other comprehensive income (loss) 17,640 (1,748) 21,288 (10,899)
Total comprehensive income $ 56,544 $ 7,639 $ 100,097 $ 25,148
Basic earnings per common share (in dollars per share) $ 0.82 $ 0.24 $ 1.66 $ 0.93
Diluted earnings per common share (in dollars per share) $ 0.82 $ 0.24 $ 1.66 $ 0.92
Weighted average common shares outstanding (in thousands)        
Basic (in shares) 47,311 39,432 47,354 38,703
Diluted (in shares) 47,338 39,710 47,395 38,981