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Condensed Consolidated Statements of Operations (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 $ 31,000 $ 21,831 $ 84,027 $ 61,638
Interest on securities        
Taxable 2,737 2,765 8,092 8,300
Tax-exempt 412 512 1,335 1,478
Other investments 303 263 898 867
Total Interest Income 34,452 25,371 94,352 72,283
Interest Expense        
Deposits 3,976 1,833 9,472 4,754
Other borrowings and subordinated debentures 779 626 2,267 1,659
Total Interest Expense 4,755 2,459 11,739 6,413
Net Interest Income 29,697 22,912 82,613 65,870
Provision for loan losses (53) 582 912 806
Net Interest Income After Provision for Loan Losses 29,750 22,330 81,701 65,064
Non-interest Income        
Service charges on deposit accounts 3,166 3,281 9,166 9,465
Interchange income 2,486 1,942 7,236 5,869
Net gains (losses) on assets        
Mortgage loans 2,745 2,971 8,571 8,886
Securities 93 69 (71) 62
Mortgage loan servicing, net 1,212 1 4,668 668
Other 2,134 2,040 6,294 6,139
Total Non-Interest Income 11,836 10,304 35,864 31,089
Non-interest Expense        
Compensation and employee benefits 16,169 13,577 46,506 41,104
Occupancy, net 2,233 1,970 6,667 6,032
Data processing 2,051 1,796 6,180 5,670
Merger related expenses 98 10 3,354 10
Furniture, fixtures and equipment 1,043 961 3,029 2,943
Communications 727 685 2,111 2,046
Interchange expense 715 294 1,974 869
Loan and collection 531 481 1,900 1,564
Advertising 594 526 1,578 1,551
Legal and professional 477 540 1,311 1,366
FDIC deposit insurance 270 208 750 608
Other 1,832 1,568 5,276 5,183
Total Non-Interest Expense 26,740 22,616 80,636 68,946
Income Before Income Tax 14,846 10,018 36,929 27,207
Income tax expense 2,921 3,159 7,026 8,443
Net Income $ 11,925 $ 6,859 $ 29,903 $ 18,764
Net Income Per Common Share        
Basic (in dollars per share) [1] $ 0.49 $ 0.32 $ 1.29 $ 0.88
Diluted (in dollars per share) 0.49 0.32 1.27 0.87
Dividends Per Common Share        
Declared (in dollars per share) 0.15 0.10 0.45 0.30
Paid (in dollars per share) $ 0.15 $ 0.10 $ 0.45 $ 0.30
[1] Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.