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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income        
Interest and fees on loans $ 72,082 $ 62,287 $ 139,266 $ 121,080
Interest Income, Securities, Operating, Taxable 6,498 5,609 12,717 10,976
Nontaxable interest and dividends on securities 16 26 32 52
Interest on loans held for sale 30 21 49 35
Interest on federal funds sold and short-term investments 541 190 852 397
Total interest and dividend income 79,167 68,133 152,916 132,540
Interest expense        
Interest on deposits 4,587 2,912 8,522 5,679
Interest on borrowings 1,412 1,466 2,755 2,906
Total interest expense 5,999 4,378 11,277 8,585
Net interest income 73,168 63,755 141,639 123,955
Provision for loan losses 2,000 1,050 2,500 1,650
Net interest income after provision for loan losses 71,168 62,705 139,139 122,305
Noninterest income        
Deposit account fees 4,551 4,392 8,982 8,936
Interchange and ATM fees 4,769 4,434 8,942 8,356
Investment management 6,822 5,995 12,964 11,609
Mortgage banking income 1,038 1,314 1,908 2,271
Available-For-Sale- Securities - Equity - Gross Realized Gains 2 3 2 7
Increase in cash surrender value of life insurance policies 998 1,017 1,945 1,981
Loan level derivative income 708 1,337 1,155 1,943
Other noninterest income 2,999 2,906 5,852 5,207
Total noninterest income 21,887 21,398 41,750 40,310
Noninterest expenses        
Salaries and employee benefits 30,288 28,654 61,388 56,978
Occupancy and equipment expenses 6,497 6,059 13,905 12,217
Data processing & facilities management 1,264 1,188 2,550 2,460
FDIC assessment 691 778 1,489 1,561
Advertising expense 1,166 1,365 2,289 2,659
Professional Fees 1,089 1,262 1,845 1,816
Debit Card Expense 841 852 1,650 1,624
Available-For-Sale Securities - Equity Gross Realized Losses 0 2 0 5
Business Combination, Acquisition Related Costs 434 2,909 434 3,393
Software Maintenance 997 896 1,969 1,826
Other noninterest expenses 9,421 8,844 18,620 17,043
Total noninterest expenses 52,688 52,809 106,139 101,582
Income before income taxes 40,367 31,294 74,750 61,033
Provision for income taxes 9,249 10,731 16,077 19,745
Net income $ 31,118 $ 20,563 $ 58,673 $ 41,288
Basic earnings per share (in dollars per share) $ 1.13 $ 0.75 $ 2.13 $ 1.52
Diluted earnings per share (in dollars per share) $ 1.13 $ 0.75 $ 2.13 $ 1.52
Weighted average common shares (basic) (in shares) 27,526,653 27,257,799 27,506,724 27,144,350
Common shares equivalents (in shares) 54,525 74,497 61,480 78,757
Weighted average common shares (diluted) (in shares) 27,581,178 27,332,296 27,568,204 27,223,107
Retained Earnings [Member]        
Noninterest expenses        
Net income     $ 58,673 $ 41,288
Cash dividends declared per common share (in dollars per share) $ 0.38 $ 0.32 $ 0.76 $ 0.64