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Consolidated Statements of Income - 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 $ 51,451 $ 39,656 $ 101,621 $ 73,359
Interest on investment securities:        
Taxable interest income 2,465 1,710 5,051 3,265
Tax-exempt interest income 368 427 748 870
Other, principally overnight investments 2,451 1,034 4,376 1,801
Total interest income 56,735 42,827 111,796 79,295
INTEREST EXPENSE        
Savings, checking and money market accounts 1,132 685 2,111 1,207
Time deposits 1,850 874 3,325 1,588
Other time deposits 251 173 470 339
Borrowings 2,270 1,179 4,151 1,949
Total interest expense 5,503 2,911 10,057 5,083
Net interest income 51,232 39,916 101,739 74,212
Provision (reversal) for loan losses (710) (4,369) 723
Net interest income after provision for loan losses 51,942 39,916 106,108 73,489
NONINTEREST INCOME        
Service charges on deposit accounts 3,122 2,966 6,385 5,580
Other service charges, commissions and fees 4,913 3,554 9,510 6,727
Fees from presold mortgage loans 796 1,511 1,655 2,279
Commissions from sales of insurance and financial products 2,119 1,038 4,059 1,878
SBA consulting fees 1,126 1,050 2,267 2,310
SBA loan sale gains 2,598 927 6,400 1,549
Bank-owned life insurance income 628 580 1,251 [1] 1,088 [1]
Foreclosed property gains (losses), net (99) (248) (387) (223)
Securities gains (losses), net (235)
Other gains (losses), net 908 497 912 731
Total noninterest income 16,111 11,875 32,052 21,684
NONINTEREST EXPENSES        
Salaries expense 18,446 16,299 37,844 30,249
Employee benefits expense 4,084 4,042 8,691 7,952
Total personnel expense 22,530 20,341 46,535 38,201
Occupancy expense 2,543 2,358 5,345 4,542
Equipment related expenses 1,241 1,363 2,493 2,421
Merger and acquisition expenses 640 1,122 3,401 3,495
Intangibles amortization expense 1,745 1,031 3,417 1,607
Other operating expenses 10,174 8,869 21,280 16,890
Total noninterest expenses 38,873 35,084 82,471 67,156
Income before income taxes 29,180 16,707 55,689 28,017
Income tax expense 6,450 5,553 12,286 9,308
Net income available to common shareholders $ 22,730 $ 11,154 $ 43,403 $ 18,709
Earnings per common share: Basic $ 0.77 $ 0.45 $ 1.47 $ 0.80
Earnings per common share: Diluted 0.77 0.45 1.46 0.80
Dividends declared per common share $ 0.10 $ 0.08 $ 0.20 $ 0.16
Weighted average common shares outstanding: Basic 29,544,747 24,593,307 29,539,308 23,288,635
Weighted average common shares outstanding: Diluted 29,632,738 24,671,550 29,630,822 23,368,503
[1] Not within the scope of ASC 606.