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Consolidated Statements of Income - 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 $ 55,142 $ 52,407 $ 164,754 $ 154,028
Interest on investment securities:        
Taxable interest income 5,130 2,501 14,859 7,552
Tax-exempt interest income 212 367 820 1,115
Other, principally overnight investments 1,898 2,944 6,705 7,320
Total interest income 62,382 58,219 187,138 170,015
INTEREST EXPENSE        
Savings, checking and money market accounts 2,560 1,334 6,904 3,445
Time deposits of $100,000 or more 3,519 2,302 10,219 5,627
Other time deposits 518 270 1,375 740
Borrowings 2,007 2,468 7,092 6,619
Total interest expense 8,604 6,374 25,590 16,431
Net interest income 53,778 51,845 161,548 153,584
Provision (reversal) for loan losses (1,105) 87 (913) (4,282)
Net interest income after provision for loan losses 54,883 51,758 162,461 157,866
NONINTEREST INCOME        
Service charges on deposit accounts 3,388 3,221 9,543 9,606
Other service charges, commissions and fees 5,814 4,942 16,848 14,101
Fees from presold mortgage loans 1,275 576 2,677 2,231
Commissions from sales of insurance and financial products 2,203 2,425 6,436 6,484
SBA consulting fees 663 1,287 2,847 3,554
SBA loan sale gains 1,917 2,373 7,048 8,773
Bank-owned life insurance income 651 641 1,928 1,892
Securities gains (losses), net 97 0 97 0
Foreclosed property gains (losses), net (273) (192) (899) (579)
Other gains (losses), net (105) (101) (331) 811
Total noninterest income 15,630 15,172 46,194 46,873
NONINTEREST EXPENSES        
Salaries expense 19,833 18,771 58,530 56,615
Employee benefits expense 4,144 4,061 13,150 12,752
Total personnel expense 23,977 22,832 71,680 69,367
Occupancy expense 2,786 2,742 8,269 8,087
Equipment related expenses 1,231 1,438 3,783 3,931
Merger and acquisition expenses 0 167 213 3,568
Intangibles amortization expense 1,163 1,452 3,737 4,518
Other operating expenses 9,763 10,403 30,948 31,683
Total noninterest expenses 38,920 39,034 118,630 121,154
Income before income taxes 31,593 27,896 90,025 83,585
Income tax expense 6,574 5,905 18,862 18,191
Net income $ 25,019 $ 21,991 $ 71,163 $ 65,394
Earnings per common share:        
Basic (in dollars per share) $ 0.84 $ 0.74 $ 2.39 $ 2.21
Diluted (in dollars per share) 0.84 0.74 2.39 2.21
Dividends declared per common share (in dollars per share) $ 0.12 $ 0.10 $ 0.36 $ 0.30
Weighted average common shares outstanding:        
Basic (in shares) 29,542,001 29,530,203 29,585,383 29,536,273
Diluted (in shares) 29,684,105 29,621,130 29,759,459 29,639,126