XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Loans receivable:    
Taxable $ 78,267 $ 56,357
Tax exempt 3,596 2,333
Investment securities:    
Taxable 5,096 4,308
Tax exempt 6,126 5,003
Deposits with financial institutions 131 44
Federal Home Loan Bank stock 404 189
Total Interest Income 93,620 68,234
INTEREST EXPENSE    
Deposits 9,002 4,124
Federal funds purchased 380 228
Securities sold under repurchase agreements 173 88
Federal Home Loan Bank advances 2,159 978
Subordinated debentures and term loans 1,990 1,817
Total Interest Expense 13,704 7,235
NET INTEREST INCOME 79,916 60,999
Provision for loan losses 2,500 2,385
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 77,416 58,614
OTHER INCOME    
Service charges on deposit accounts 4,777 4,174
Fiduciary and wealth management fees 3,416 2,640
Other customer fees 5,416 4,863
Increase in cash surrender value of life insurance 1,078 898
Gains on life insurance benefits 98
Net gains and fees on sales of loans 1,821 1,275
Net realized gains on sales of available for sale securities 1,609 598
Other income 1,346 398
Total Other Income 19,561 14,846
OTHER EXPENSES    
Salaries and employee benefits 32,226 25,732
Net occupancy 4,670 4,216
Equipment 3,668 2,807
Marketing 884 565
Outside data processing fees 2,964 2,616
Printing and office supplies 334 264
Intangible asset amortization 1,726 903
FDIC assessments 719 570
Other real estate owned and foreclosure expenses 402 531
Professional and other outside services 1,541 1,734
Other expenses 4,553 3,161
Total Other Expenses 53,687 43,099
INCOME BEFORE INCOME TAX 43,290 30,361
Income tax expense 6,611 7,168
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 36,679 $ 23,193
Per Share Data:    
Basic Net Income Available to Common Stockholders (in dollars per share) $ 0.75 $ 0.57
Diluted Net Income Available to Common Stockholders (in dollars per share) 0.74 0.56
Cash Dividends Paid (in dollars per share) $ 0.18 $ 0.15
Average Diluted Shares Outstanding (in shares) 49,427,972 41,220,586