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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest and fees on loans    
Taxable $ 41,794 $ 34,447
Tax exempt 217 150
Interest and dividends on securities    
Taxable 2,434 2,320
Tax exempt 1,331 1,162
Other interest income 292 48
Total interest income 46,068 38,127
Interest on deposits 9,367 5,442
Interest on borrowings    
Short-term 111 310
Long-term 367 314
Total interest expense 9,845 6,066
NET INTEREST INCOME 36,223 32,061
Provision for loan losses 3,300 200
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 32,923 31,861
NONINTEREST INCOME    
Wealth advisory fees 1,505 1,250 [1]
Investment brokerage fees 290 321 [1]
Service charges on deposit accounts 3,628 3,143
Loan and service fees 2,177 1,893 [1]
Merchant card fee income 642 538 [1]
Bank owned life insurance income [2] 363 471 [1]
Other income 1,039 509 [1]
Mortgage banking income [2] 241 131 [1]
Net securities gains/(losses) [2] (6) 3 [1]
Total noninterest income 9,879 8,259 [1]
NONINTEREST EXPENSE    
Salaries and employee benefits 12,019 11,370
Net occupancy expense 1,426 1,120
Equipment costs 1,274 1,075
Data processing fees and supplies 2,513 2,016
Corporate and business development 1,133 1,502
FDIC insurance and other regulatory fees 461 434
Professional fees 872 954
Other expense 1,504 1,577
Total noninterest expense 21,202 20,048
INCOME BEFORE INCOME TAX EXPENSE 21,600 20,072
Income tax expense 3,264 5,558
NET INCOME $ 18,336 $ 14,514
BASIC WEIGHTED AVERAGE COMMON SHARES 25,257,414 25,152,242
BASIC EARNINGS PER COMMON SHARE $ 0.73 $ 0.58
DILUTED WEIGHTED AVERAGE COMMON SHARES 25,696,864 25,596,136
DILUTED EARNINGS PER COMMON SHARE $ 0.71 $ 0.57
[1] The Company elected the modified retrospective approach of adoption; therefore, prior period
[2] Not within scope of ASC 606