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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest on securities      
Taxable $ 34,442 $ 26,133 $ 20,341
Nontaxable 913 1,036 585
Interest and fees on loans 153,825 119,217 94,469
Interest on federal funds sold and other investments 2,416 1,669 1,022
Total interest income 191,596 148,055 116,417
INTEREST EXPENSE      
Interest on savings deposits 3,654 2,593 2,085
Interest on time certificates 4,678 2,074 1,228
Interest on federal funds purchased and other short term borrowings 781 484 340
Interest on Federal Home Loan Bank borrowings 3,744 1,256 1,643
Interest on subordinated debt 2,443 2,060 1,634
Total interest expense 15,300 8,467 6,930
NET INTEREST INCOME 176,296 139,588 109,487
Provision for loan losses 5,648 2,411 2,644
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 170,648 137,177 106,843
NONINTEREST INCOME (Note M)      
Bargain purchase gain 0 0 416
Gain on sale of VISA stock 15,153 0 0
Securities gains, net (includes net gains of $1,950, and net losses of ($617) and ($325) in other comprehensive income reclassifications for 2017, 2016, and 2015 respectively) 86 368 161
Other 43,230 37,427 32,018
Total noninterest income 58,469 37,795 32,595
NONINTEREST EXPENSE (Note M) 149,916 130,881 103,770
INCOME BEFORE INCOME TAXES 79,201 44,091 35,668
Income taxes 36,336 14,889 13,527
NET INCOME $ 42,865 $ 29,202 $ 22,141
Net income per share of common stock      
Diluted (in dollars per share) $ 0.99 $ 0.78 $ 0.66
Basic (in dollars per share) $ 1.01 $ 0.79 $ 0.66
Average common shares outstanding      
Diluted (in shares) 43,350,314 37,508,046 33,744,171
Basic (in shares) 42,613,086 36,872,007 33,495,827