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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income        
Loans $ 124,476 $ 108,577 $ 377,788 $ 301,351
Securities        
Taxable 7,218 6,632 22,874 16,326
Tax-exempt 1,292 1,592 3,992 4,926
Other 1,490 994 4,778 2,146
Total interest income 134,476 117,795 409,432 324,749
Interest expense        
Deposits 21,514 13,556 62,277 32,534
Borrowings 4,137 4,800 12,383 11,147
Total interest expense 25,651 18,356 74,660 43,681
Net interest income 108,825 99,439 334,772 281,068
Provision for loan losses 1,700 2,250 4,100 5,810
Net interest income after provision for loan losses 107,125 97,189 330,672 275,258
Noninterest income        
Service charges on deposit accounts 8,992 8,847 26,699 25,591
Fees and commissions 3,090 5,944 16,608 17,546
Insurance commissions 2,508 2,461 6,814 6,576
Wealth management revenue 3,588 3,386 10,513 10,094
Mortgage banking income 15,710 14,350 42,731 38,149
Net gain (loss) on sales of securities 343 (16) 348 (16)
BOLI income 1,734 1,186 4,481 3,326
Other 1,988 1,895 7,604 6,321
Total noninterest income 37,953 38,053 115,798 107,587
Noninterest expense        
Salaries and employee benefits 65,425 55,187 183,100 155,981
Data processing 4,980 4,614 14,584 13,458
Net occupancy and equipment 12,943 10,668 36,322 30,295
Other real estate owned 418 278 1,674 1,167
Professional fees 2,976 2,056 7,861 6,370
Advertising and public relations 3,318 2,242 8,833 7,092
Intangible amortization 1,996 1,765 6,159 5,010
Communications 2,310 2,190 6,553 6,036
Extinguishment of debt (54) 0 (54) 0
Merger and conversion related expenses 24 11,221 203 12,621
Other 2,056 4,525 13,279 13,686
Total noninterest expense 96,500 94,746 278,622 251,716
Income before income taxes 48,578 40,496 167,848 131,129
Income taxes 11,132 8,532 38,667 28,629
Net income (loss) $ 37,446 $ 31,964 $ 129,181 $ 102,500
Basic earnings per share (usd per share) $ 0.65 $ 0.61 $ 2.21 $ 2.03
Diluted earnings per share (usd per share) 0.64 0.61 2.21 2.03
Cash dividends per common share (usd per share) $ 0.22 $ 0.20 $ 0.65 $ 0.59