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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME        
Interest and fees on loans $ 55,652 $ 51,451 $ 109,612 $ 101,621
Interest on investment securities:        
Taxable interest income 4,993 2,465 9,730 5,051
Tax-exempt interest income 271 368 608 748
Other, principally overnight investments 2,106 2,451 4,807 4,376
Total interest income 63,022 56,735 124,757 111,796
INTEREST EXPENSE        
Savings, checking and money market accounts 2,335 1,132 4,344 2,111
Time deposits of $100,000 or more 3,522 1,850 6,700 3,325
Other time deposits 467 251 857 470
Borrowings 2,289 2,270 5,086 4,151
Total interest expense 8,613 5,503 16,987 10,057
Net interest income 54,409 51,232 107,770 101,739
Provision (reversal) for loan losses (308) (710) 192 (4,369)
Net interest income after provision for loan losses 54,717 51,942 107,578 106,108
NONINTEREST INCOME        
Service charges on deposit accounts 3,210 3,122 6,155 6,385
Other service charges, commissions and fees 5,786 4,674 11,034 9,159
Fees from presold mortgage loans 857 796 1,402 1,655
Commissions from sales of insurance and financial products 2,204 2,119 4,233 4,059
SBA consulting fees 921 1,126 2,184 2,267
SBA loan sale gains 3,069 2,598 5,131 6,400
Bank-owned life insurance income 631 628 1,277 1,251
Foreclosed property gains (losses), net (381) (99) (626) (387)
Other gains (losses), net (308) 908 (226) 912
Total noninterest income 15,989 15,872 30,564 31,701
NONINTEREST EXPENSES        
Salaries expense 19,732 18,446 38,697 37,844
Employee benefits expense 4,418 4,084 9,006 8,691
Total personnel expense 24,150 22,530 47,703 46,535
Occupancy expense 2,729 2,543 5,483 5,345
Equipment related expenses 1,183 1,241 2,552 2,493
Merger and acquisition expenses 103 640 213 3,401
Intangibles amortization expense 1,242 1,506 2,574 3,066
Other operating expenses 11,032 10,174 21,185 21,280
Total noninterest expenses 40,439 38,634 79,710 82,120
Income before income taxes 30,267 29,180 58,432 55,689
Income tax expense 6,408 6,450 12,288 12,286
Net income $ 23,859 $ 22,730 $ 46,144 $ 43,403
Earnings per common share:        
Basic (in dollars per share) $ 0.80 $ 0.77 $ 1.55 $ 1.47
Diluted (in dollars per share) 0.80 0.77 1.55 1.46
Dividends declared per common share (in dollars per share) $ 0.12 $ 0.10 $ 0.24 $ 0.20
Weighted average common shares outstanding:        
Basic (in shares) 29,626,931 29,544,747 29,607,074 29,539,308
Diluted (in shares) 29,796,941 29,632,738 29,808,859 29,630,822