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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest Income        
Interest and fees on loans $ 29,674 $ 19,949 $ 53,027 $ 39,807
Interest on securities        
Taxable 2,720 2,781 5,355 5,535
Tax-exempt 444 511 923 966
Other investments 265 292 595 604
Total Interest Income 33,103 23,533 59,900 46,912
Interest Expense        
Deposits 3,209 1,478 5,496 2,921
Other borrowings and subordinated debentures 914 563 1,488 1,033
Total Interest Expense 4,123 2,041 6,984 3,954
Net Interest Income 28,980 21,492 52,916 42,958
Provision for loan losses 650 583 965 224
Net Interest Income After Provision for Loan Losses 28,330 20,909 51,951 42,734
Non-interest Income        
Service charges on deposit accounts 3,095 3,175 6,000 6,184
Interchange income 2,504 2,005 4,750 3,927
Net gains (losses) on assets        
Mortgage loans 3,255 3,344 5,826 5,915
Securities 9 (34) (164) (7)
Mortgage loan servicing, net 1,235 (158) 3,456 667
Other 2,217 2,114 4,160 4,099
Total Non-Interest Income 12,315 10,446 24,028 20,785
Non-interest Expense        
Compensation and employee benefits 15,869 13,380 30,337 27,527
Occupancy, net 2,170 1,920 4,434 4,062
Data processing 2,251 1,937 4,129 3,874
Merger related expenses 3,082 0 3,256 0
Furniture, fixtures and equipment 1,019 1,005 1,986 1,982
Communications 704 678 1,384 1,361
Loan and collection 692 670 1,369 1,083
Interchange expense 661 292 1,259 575
Advertising 543 519 984 1,025
Legal and professional 456 389 834 826
FDIC deposit insurance 250 202 480 400
Credit card and bank service fees 106 136 202 327
Other 1,958 1,633 3,242 3,288
Total Non-Interest Expense 29,761 22,761 53,896 46,330
Income Before Income Tax 10,884 8,594 22,083 17,189
Income tax expense 2,067 2,663 4,105 5,284
Net Income $ 8,817 $ 5,931 $ 17,978 $ 11,905
Net Income Per Common Share        
Basic (in dollars per share) [1] $ 0.37 $ 0.28 $ 0.79 $ 0.56
Diluted (in dollars per share) 0.36 0.27 0.78 0.55
Dividends Per Common Share        
Declared (in dollars per share) 0.15 0.10 0.30 0.20
Paid (in dollars per share) $ 0.15 $ 0.10 $ 0.30 $ 0.20
[1] Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.