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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income        
Interest and fees on loans $ 65,464 $ 54,164 $ 126,985 $ 103,355
Interest on taxable securities 5,195 4,554 9,995 9,140
Interest on nontaxable securities 401 454 817 900
Interest on deposits in other banks and federal funds sold 351 168 664 504
Total interest income 71,411 59,340 138,461 113,899
Interest expense        
Interest on deposits 4,580 2,915 8,343 5,656
Interest on other borrowings 3,674 1,836 6,371 3,218
Total interest expense 8,254 4,751 14,714 8,874
Net interest income 63,157 54,589 123,747 105,025
Provision for loan losses 2,205 889 4,041 1,570
Net interest income after provision for loan losses 60,952 53,700 119,706 103,455
Noninterest income        
Service charges on deposit accounts 10,616 10,436 21,179 20,351
Mortgage banking activity 13,943 14,142 25,158 24,353
Other service charges, commissions and fees 729 967 1,438 2,078
Gain on sale of securities 37 0 37 94
Other noninterest income 2,864 2,834 6,083 5,789
Total noninterest income 28,189 28,379 53,895 52,665
Noninterest expense        
Salaries and employee benefits 29,132 27,531 56,926 53,718
Occupancy and equipment expense 6,146 6,371 12,023 12,071
Data processing and communications costs 7,028 6,049 13,600 12,162
Credit resolution-related expenses 599 1,764 1,532 3,563
Advertising and marketing expense 1,259 854 2,365 1,659
Amortization of intangible assets 1,013 1,319 2,049 2,339
Merger and conversion charges 0 0 402 6,359
Other noninterest expenses 10,562 8,471 19,935 16,088
Total noninterest expense 55,739 52,359 108,832 107,959
Income before income tax expense 33,402 29,720 64,769 48,161
Income tax expense 10,315 9,671 20,529 15,795
Net income 23,087 20,049 44,240 32,366
Other comprehensive income        
Net unrealized holding gains arising during period on investment securities available for sale, net of tax expense of $1,487, $3,630, $1,382 and $5,641 2,760 6,742 2,566 10,476
Reclassification adjustment for gains on investment securities included in earnings, net of tax of $13, $0, $13 and $33 (24) 0 (24) (61)
Unrealized gains (losses) on cash flow hedges arising during period, net of tax expense (benefit) of ($58), ($104), ($35) and ($435) (106) (193) (63) (808)
Other comprehensive income 2,630 6,549 2,479 9,607
Total Comprehensive income $ 25,717 $ 26,598 $ 46,719 $ 41,973
Basic earnings per common share $ 0.62 $ 0.58 $ 1.21 $ 0.96
Diluted earnings per common share 0.62 0.57 1.20 0.95
Dividends declared per common share $ 0.10 $ 0.05 $ 0.20 $ 0.10
Weighted average common shares outstanding (in thousands)        
Basic 37,163 34,833 36,418 33,792
Diluted 37,489 35,153 36,744 34,107