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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        
Interest and fees on loans $ 110,205 $ 75,220 $ 306,736 $ 214,486
Interest Income, Securities, Operating, Taxable 8,269 6,664 24,255 19,381
Nontaxable interest and dividends on securities 14 14 40 46
Interest on loans held for sale 456 61 527 110
Interest on federal funds sold and short-term investments 680 916 1,753 1,768
Total interest and dividend income 119,624 82,875 333,311 235,791
Interest expense        
Interest on deposits 11,846 5,251 30,052 13,773
Interest on borrowings 3,180 1,390 10,117 4,145
Total interest expense 15,026 6,641 40,169 17,918
Net interest income 104,598 76,234 293,142 217,873
Provision for loan losses 0 1,075 2,000 3,575
Net interest income after provision for loan losses 104,598 75,159 291,142 214,298
Noninterest income        
Deposit account fees 5,299 4,658 14,785 13,640
Interchange and ATM fees 6,137 4,947 16,447 13,889
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 7,188 6,564 21,089 19,528
Mortgage banking income 3,968 1,222 8,184 3,130
Gain Realized on Life Insurance Policies (434) (1,463) (434) (1,463)
Increase in cash surrender value of life insurance policies 1,304 984 3,572 2,929
Loan level derivative income 2,739 392 4,312 1,547
Other noninterest income 4,747 3,034 13,174 8,888
Total noninterest income 31,816 23,264 81,997 65,014
Noninterest expenses        
Salaries and employee benefits 39,432 31,095 111,401 92,483
Occupancy and equipment expenses 8,555 6,310 24,109 20,215
Data processing & facilities management 1,515 1,287 4,883 3,837
FDIC assessment 0 725 1,394 2,214
Advertising expense 1,417 1,395 3,912 3,684
Professional Fees 1,338 1,128 3,486 2,973
Amortization of Intangible Assets 1,567 507 3,996 1,670
Available-for-Sale Securities - Fixed Income Gross Realized Losses 0 0 1,462 0
Business Combination, Acquisition Related Costs 705 2,688 26,433 3,122
Software Maintenance 1,385 1,079 3,913 3,048
Other noninterest expenses 11,619 9,225 31,887 28,332
Total noninterest expenses 67,533 55,439 216,876 161,578
Income before income taxes 68,881 42,984 156,263 117,734
Provision for income taxes 17,036 9,969 38,565 26,046
Net income $ 51,845 $ 33,015 $ 117,698 $ 91,688
Basic earnings per share (in dollars per share) $ 1.51 $ 1.20 $ 3.65 $ 3.33
Diluted earnings per share (in dollars per share) $ 1.51 $ 1.20 $ 3.64 $ 3.32
Weighted average common shares (basic) (in shares) 34,361,176 27,537,841 32,283,196 27,517,210
Common shares equivalents (in shares) 39,390 63,499 45,416 62,596
Weighted average common shares (diluted) (in shares) 34,400,566 27,601,340 32,328,612 27,579,806
Retained Earnings [Member]        
Noninterest expenses        
Net income $ 51,845 $ 33,015 $ 117,698 $ 91,688
Cash dividends declared per common share (in dollars per share) $ 0.44 $ 0.38 $ 1.32 $ 1.14