XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME:        
Interest and fees on loans $ 51,428 $ 42,749 $ 147,279 $ 123,643
Interest on investment securities:        
Taxable 12,593 8,074 36,666 23,848
Exempt from federal income tax 9,558 11,091 29,882 33,991
Interest on federal funds sold and interest-bearing deposits in banks 470 640 1,382 1,037
Total interest income 74,049 62,554 215,209 182,519
INTEREST EXPENSE:        
Interest on deposits 4,330 2,228 11,854 5,748
Other 293 638 869 978
Total interest expense 4,623 2,866 12,723 6,726
Net interest income 69,426 59,688 202,486 175,793
PROVISION FOR LOAN LOSSES 1,450 1,415 3,865 5,090
Net interest income after provision for loan losses 67,976 58,273 198,621 170,703
NONINTEREST INCOME:        
ATM, interchange and credit card fees 7,533 6,340 21,570 19,102
Net gain on sale of available-for-sale securities (includes $58 and $1,075 for the three months ended September 30, 2018 and 2017, respectively, and $1,346 and $1,825 for the nine months ended September 30, 2018 and 2017, respectively, related to accumulated other comprehensive earnings reclassifications) 58 1,075 1,346 1,825
Net gain (loss) on sale of foreclosed assets 84 (11) 201 (42)
Net gain (loss) on sale of assets (61) (15) (152) (211)
Interest on loan recoveries 199 405 607 896
Other 1,427 1,452 4,461 3,328
Total noninterest income 27,055 24,260 76,966 68,715
NONINTEREST EXPENSE:        
Salaries and employee benefits 26,377 24,143 79,442 70,867
Net occupancy expense 2,900 2,711 8,589 8,081
Equipment expense 3,482 3,294 10,438 10,397
FDIC insurance premiums 570 561 1,768 1,657
ATM, interchange and credit card expenses 2,344 2,001 6,692 5,517
Professional and service fees 2,174 2,036 6,613 5,878
Printing, stationery and supplies 387 449 1,485 1,423
Operational and other losses 981 1,081 1,852 2,639
Software amortization and expense 540 742 1,542 2,237
Amortization of intangible assets 279 143 1,049 477
Other 7,472 6,803 22,978 20,718
Total noninterest expense 47,506 43,964 142,448 129,891
EARNINGS BEFORE INCOME TAXES 47,525 38,569 133,139 109,527
INCOME TAX EXPENSE (includes $12 and $376 for the three months ended September 30, 2018 and 2017, respectively, and $283 and $639 for the nine months ended September 30, 2018 and 2017, respectively, related to income tax expense from reclassification items) 7,475 9,195 20,937 25,300
NET EARNINGS $ 40,050 $ 29,374 $ 112,202 $ 84,227
EARNINGS PER SHARE, BASIC $ 0.59 $ 0.44 $ 1.66 $ 1.27
EARNINGS PER SHARE, ASSUMING DILUTION 0.59 0.44 1.65 1.27
DIVIDENDS PER SHARE $ 0.21 $ 0.19 $ 0.61 $ 0.56
Trust Fees [Member]        
NONINTEREST INCOME:        
Revenue from contract with customer $ 7,291 $ 6,040 $ 21,265 $ 17,804
Service Charges on Deposit Accounts [Member]        
NONINTEREST INCOME:        
Revenue from contract with customer 5,690 5,083 15,950 14,517
Real Estate Mortgage Operations [Member]        
NONINTEREST INCOME:        
Revenue from contract with customer $ 4,834 $ 3,891 $ 11,718 $ 11,496