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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 $ 64,442 $ 56,073 $ 124,907 $ 110,754
Interest on mortgage-backed securities 6,190 4,782 11,589 9,177
Interest and dividends on investment securities:        
Taxable 16 6 33 123
Tax-exempt 1,092 1,130 2,195 2,262
Other interest income 411 343 1,040 844
Total interest income 72,151 62,334 139,764 123,160
Interest expense:        
Interest on deposits 6,368 3,341 11,608 6,416
Interest on senior debt 1,180 2,121 2,359 4,242
Interest on Federal Home Loan Bank advances 2,536 1,797 4,999 3,655
Interest on federal funds purchased and securities sold under agreements to repurchase 434 235 880 436
Interest on trust preferred borrowings 637 472 1,194 918
Interest on other borrowings 7 54 21 76
Total interest expense 11,162 8,020 21,061 15,743
Net interest income 60,989 54,314 118,703 107,417
Provision for loan losses 2,498 1,843 6,148 4,005
Net interest income after provision for loan losses 58,491 52,471 112,555 103,412
Noninterest income:        
Securities gains, net 0 708 21 1,028
Unrealized gains on equity investments 0 0 15,346 0
Bank owned life insurance income 0 302 232 578
Total non interest income 34,987 31,676 82,454 59,768
Noninterest expense:        
Salaries, benefits and other compensation 30,944 28,223 60,797 57,059
Occupancy expense 5,008 4,684 10,256 9,846
Equipment expense 3,176 3,498 6,265 6,622
Data processing and operations expenses 1,896 1,750 3,803 3,368
Professional fees 2,320 2,669 4,045 4,304
Marketing expense 1,084 932 1,842 1,556
FDIC expenses 515 594 1,114 1,123
Loan workout and OREO expenses 681 499 1,107 1,020
Corporate development expense 457 366 457 704
Recovery of fraud loss 0 0 (1,665) 0
Other operating expense 11,750 9,512 23,222 18,631
Total non interest expenses 57,831 52,727 111,243 104,233
Income before taxes 35,647 31,420 83,766 58,947
Income tax provision 6,907 10,850 17,676 19,440
Net income $ 28,740 $ 20,570 $ 66,090 $ 39,507
Earnings per share:        
Basic (in dollars per share) $ 0.91 $ 0.65 $ 2.10 $ 1.26
Diluted (in dollars per share) $ 0.89 $ 0.64 $ 2.05 $ 1.22
Credit/debit card and ATM income        
Noninterest income:        
Deposit service charges $ 10,709 $ 8,925 $ 20,514 $ 17,056
Investment management and fiduciary income        
Noninterest income:        
Deposit service charges 10,244 8,835 19,433 16,874
Deposit service charges        
Noninterest income:        
Deposit service charges 4,664 4,560 9,294 8,957
Mortgage banking activities, net        
Noninterest income:        
Deposit service charges 1,692 1,844 3,429 3,029
Loan fee income        
Noninterest income:        
Deposit service charges 567 451 1,166 1,000
Other income        
Noninterest income:        
Deposit service charges $ 7,111 $ 6,051 $ 13,019 $ 11,246