XML 14 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME        
Loans, including fees $ 66,788 $ 56,090 $ 195,311 $ 164,488
Securities:        
Taxable 2,246 1,763 6,100 5,430
Tax-exempt 145 187 478 552
Federal funds sold 89 6 288 7
Interest-bearing deposits with banks 8,165 4,972 21,272 12,837
Total interest income 77,433 63,018 223,449 183,314
INTEREST EXPENSE        
Deposits 11,171 5,247 28,150 13,272
Short-term borrowings 42 6 85 13
Junior subordinated debentures 547 532 1,626 1,589
Total interest expense 11,760 5,785 29,861 14,874
Net interest income 65,673 57,233 193,588 168,440
Provision for loan losses 747 3,276 2,286 5,189
Net interest income after provision for loan losses 64,926 53,957 191,302 163,251
NONINTEREST INCOME        
Trust revenue 3,281 3,083 9,806 8,929
Service charges on deposits 18,103 16,633 52,293 48,859
Securities transactions (includes accumulated other comprehensive income reclassifications of $9, $0, $9 and $(142), respectively) (64) (22) 37 (352)
Income from sales of loans 800 732 2,253 2,180
Insurance commissions 5,207 4,603 14,333 12,894
Cash management 3,383 2,804 9,785 8,357
Gain (loss) on sale of other assets 195 29 348 (20)
Other 1,896 1,307 4,493 4,390
Total noninterest income 32,801 29,169 93,348 85,237
NONINTEREST EXPENSE        
Salaries and employee benefits 35,051 31,471 104,017 93,672
Occupancy, net 3,386 3,298 10,184 9,264
Depreciation 2,733 2,493 7,572 7,305
Amortization of intangible assets 740 547 2,232 1,641
Data processing services 1,418 1,110 3,816 3,402
Net expense from other real estate owned 64 68 109 320
Marketing and business promotion 1,997 1,790 5,998 5,564
Deposit insurance 597 553 1,856 1,683
Other 9,823 9,270 30,171 26,290
Total noninterest expense 55,809 50,600 165,955 149,141
Income before taxes 41,918 32,526 118,695 99,347
Income tax expense 9,035 10,816 25,606 32,405
Net income $ 32,883 $ 21,710 $ 93,089 $ 66,942
NET INCOME PER COMMON SHARE        
Basic $ 1.01 $ 0.68 $ 2.85 $ 2.11
Diluted $ 0.98 $ 0.67 $ 2.78 $ 2.06
OTHER COMPREHENSIVE (LOSS)/INCOME        
Unrealized (losses)/gains on securities, net of tax of $352, $178, $1,005 and $11, respectively $ (1,027) $ (282) $ (2,956) $ (17)
Reclassification adjustment for losses included in net income, net of tax of $2, $0, $2 and $(55), respectively (7)   (7) 87
Other comprehensive (losses)/gains, net of tax of $354, $178, $802 and $(44), respectively (1,034) (282) (2,963) 70
Comprehensive income $ 31,849 $ 21,428 $ 90,126 $ 67,012