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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Interest and fees on loans $ 99,022 $ 83,608
Interest Income, Securities, Operating, Taxable 7,957 7,465
Nontaxable interest and dividends on securities 9 13
Interest on loans held for sale 232 31
Interest on federal funds sold and short-term investments 160 426
Total interest and dividend income 107,380 91,543
Interest expense    
Interest on deposits 10,892 7,028
Interest on borrowings 2,184 1,990
Total interest expense 13,076 9,018
Net interest income 94,304 82,525
Provision for credit losses 25,000 1,000
Net interest income after provision for credit losses 69,304 81,525
Noninterest income    
Deposit account fees 4,970 4,406
Interchange and ATM fees 4,896 4,516
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 6,829 6,748
Mortgage banking income 861 806
Gain Realized on Life Insurance Policies (357) 0
Increase in cash surrender value of life insurance policies 1,276 972
Loan level derivative income 3,597 641
Other noninterest income 3,649 3,444
Total noninterest income 26,435 21,533
Noninterest expenses    
Salaries and employee benefits 37,349 33,117
Occupancy and equipment expenses 9,317 7,130
Data processing & facilities management 1,658 1,326
FDIC assessment 0 616
Advertising expense 1,105 1,213
Professional Fees 1,336 764
Amortization of Intangible Assets 1,531 857
Business Combination, Acquisition Related Costs 0 1,032
Software Maintenance 1,685 1,165
Debt and Equity Securities, Unrealized Gain (Loss) 1,799 0
Other noninterest expenses 11,060 9,091
Total noninterest expenses 66,840 56,311
Income before income taxes 28,899 46,747
Current Federal, State and Local, Tax Expense (Benefit) 2,148 11,522
Net income $ 26,751 $ 35,225
Basic earnings per share (in dollars per share) $ 0.78 $ 1.25
Diluted earnings per share (in dollars per share) $ 0.78 $ 1.25
Weighted average common shares (basic) (in shares) 34,184,431 28,106,184
Common shares equivalents (in shares) 36,827 54,466
Weighted average common shares (diluted) (in shares) 34,221,258 28,160,650
Retained Earnings [Member]    
Noninterest expenses    
Net income $ 26,751 $ 35,225
Cash dividends declared per common share (in dollars per share) $ 0.46 $ 0.44