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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ 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 $ 33,836 $ 29,674 $ 66,517 $ 53,027
Interest on securities        
Taxable 3,034 2,720 6,040 5,355
Tax-exempt 324 444 698 923
Other investments 379 265 954 595
Total Interest Income 37,573 33,103 74,209 59,900
Interest Expense        
Deposits 6,021 3,209 11,702 5,496
Other borrowings and subordinated debentures 796 914 1,508 1,488
Total Interest Expense 6,817 4,123 13,210 6,984
Net Interest Income 30,756 28,980 60,999 52,916
Provision for loan losses 652 650 1,316 965
Net Interest Income After Provision for Loan Losses 30,104 28,330 59,683 51,951
Non-interest Income        
Service charges on deposit accounts 2,800 3,095 5,440 6,000
Interchange income 2,604 2,504 4,959 4,750
Net gains (losses) on assets        
Mortgage loans 4,302 3,255 7,913 5,826
Securities 0 9 304 (164)
Mortgage loan servicing, net (1,907) 1,235 (3,122) 3,456
Other 2,106 2,217 4,370 4,160
Total Non-interest Income 9,905 12,315 19,864 24,028
Non-interest Expense        
Compensation and employee benefits 15,931 15,869 32,282 30,337
Occupancy, net 2,131 2,170 4,636 4,434
Data processing 2,171 2,251 4,315 4,129
Furniture, fixtures and equipment 1,006 1,019 2,035 1,986
Communications 717 704 1,486 1,384
Interchange expense 753 661 1,441 1,259
Loan and collection 628 692 1,262 1,369
Advertising 627 543 1,299 984
Legal and professional 371 456 740 834
FDIC deposit insurance 342 250 710 480
Merger related expenses 0 3,082 0 3,256
Other 1,915 2,064 4,376 3,444
Total Non-interest Expense 26,592 29,761 54,582 53,896
Income Before Income Tax 13,417 10,884 24,965 22,083
Income tax expense 2,687 2,067 4,854 4,105
Net Income $ 10,730 $ 8,817 $ 20,111 $ 17,978
Net Income Per Common Share        
Basic (in dollars per share) [1] $ 0.47 $ 0.37 $ 0.86 $ 0.79
Diluted (in dollars per share) $ 0.46 $ 0.36 $ 0.85 $ 0.78
[1] Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.