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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Interest and fees on loans $ 56,073 $ 45,983 $ 110,754 $ 90,545
Interest on mortgage-backed securities 4,782 3,910 9,177 7,804
Interest and dividends on investment securities:        
Taxable 6 85 123 162
Tax-exempt 1,130 1,141 2,262 2,284
Other interest income 343 384 844 754
Total interest income 62,334 51,503 123,160 101,549
Interest expense:        
Interest on deposits 3,341 2,204 6,416 4,322
Interest on senior debt 2,121 1,175 4,242 2,117
Interest on Federal Home Loan Bank advances 1,797 1,124 3,655 2,172
Interest on federal funds purchased and securities sold under agreements to repurchase 235 162 436 344
Interest on trust preferred borrowings 472 397 918 768
Interest on other borrowings 54 27 76 56
Total interest expense 8,020 5,089 15,743 9,779
Net interest income 54,314 46,414 107,417 91,770
Provision for loan losses 1,843 1,254 4,005 2,034
Net interest income after provision for loan losses 52,471 45,160 103,412 89,736
Noninterest income:        
Credit/debit card and ATM income 8,925 7,253 17,056 14,154
Investment management and fiduciary income 8,835 6,282 16,874 11,536
Deposit service charges 4,560 4,342 8,957 8,618
Mortgage banking activities, net 1,844 1,816 3,029 3,470
Securities gains, net 708 545 1,028 850
Loan fee income 451 480 1,000 957
Bank owned life insurance income 302 211 578 442
Other income 6,051 4,578 11,246 9,149
Total non interest income 31,676 25,507 59,768 49,176
Noninterest expense:        
Salaries, benefits and other compensation 28,223 23,509 57,059 46,385
Occupancy expense 4,684 3,955 9,846 8,225
Equipment expense 3,498 2,516 6,622 4,989
Professional fees 2,669 2,934 4,304 5,337
Data processing and operations expenses 1,750 1,522 3,368 3,064
Marketing expense 932 801 1,556 1,465
Loan workout and OREO expenses 499 45 1,020 548
FDIC expenses 594 773 1,123 1,611
Corporate development expense 366 549 704 1,118
Other operating expense 9,512 8,081 18,631 15,741
Total non interest expenses 52,727 44,685 104,233 88,483
Income before taxes 31,420 25,982 58,947 50,429
Income tax provision 10,850 8,504 19,440 17,181
Net income $ 20,570 $ 17,478 $ 39,507 $ 33,248
Earnings per share:        
Basic (in dollars per share) $ 0.65 $ 0.59 $ 1.26 $ 1.12
Diluted (in dollars per share) $ 0.64 $ 0.58 $ 1.22 $ 1.10