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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Interest and fees on loans $ 58,504 $ 49,849 $ 169,258 $ 140,394
Interest on mortgage-backed securities 4,955 3,854 14,132 11,658
Interest and dividends on investment securities:        
Taxable 14 80 137 242
Tax-exempt 1,125 1,134 3,387 3,418
Other interest income 412 420 1,256 1,174
Total interest income 65,010 55,337 188,170 156,886
Interest expense:        
Interest on deposits 3,862 2,412 10,278 6,734
Interest on senior debt 1,807 2,119 6,049 4,236
Interest on Federal Home Loan Bank advances 2,402 1,225 6,057 3,397
Interest on federal funds purchased and securities sold under agreements to repurchase 273 113 709 457
Interest on trust preferred borrowings 500 415 1,418 1,183
Interest on other borrowings 37 32 113 88
Total interest expense 8,881 6,316 24,624 16,095
Net interest income 56,129 49,021 163,546 140,791
Provision for loan losses 2,896 5,828 6,901 7,862
Net interest income after provision for loan losses 53,233 43,193 156,645 132,929
Noninterest income:        
Credit/debit card and ATM income 9,350 7,776 26,406 21,930
Investment management and fiduciary income 8,809 6,074 25,683 17,610
Deposit service charges 4,695 4,482 13,652 13,100
Mortgage banking activities, net 1,756 2,555 4,785 6,025
Securities gains, net 736 1,040 1,764 1,890
Loan fee income 483 542 1,483 1,499
Bank owned life insurance income 546 255 1,124 697
Other income 6,066 4,862 17,312 14,011
Total non interest income 32,441 27,586 92,209 76,762
Noninterest expense:        
Salaries, benefits and other compensation 29,172 24,804 86,231 71,189
Occupancy expense 4,756 4,335 14,602 12,560
Equipment expense 2,922 2,653 9,544 7,642
Professional fees 2,248 1,554 6,552 6,891
Data processing and operations expenses 1,817 1,500 5,185 4,564
Marketing expense 712 712 2,268 2,177
Loan workout and OREO expenses 484 511 1,504 1,059
FDIC expenses 560 469 1,683 2,080
Early extinguishment of debt 695 0 695 0
Corporate development expense 153 5,885 857 7,003
Other operating expense 10,644 8,811 29,275 24,552
Total non interest expenses 54,163 51,234 158,396 139,717
Income before taxes 31,511 19,545 90,458 69,974
Income tax provision 10,942 6,823 30,382 24,004
Net income $ 20,569 $ 12,722 $ 60,076 $ 45,970
Earnings per share:        
Basic (in dollars per share) $ 0.65 $ 0.42 $ 1.91 $ 1.54
Diluted (in dollars per share) $ 0.64 $ 0.41 $ 1.86 $ 1.50