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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME        
Loans, leases and fees $ 49,181 $ 44,302 $ 142,384 $ 127,453
Federal funds sold and interest-bearing deposits with banks 533 210 844 618
Taxable investment securities and other 4,141 3,720 12,160 11,137
Tax-exempt investment securities 427 503 1,299 1,535
TOTAL INTEREST INCOME 54,282 48,735 156,687 140,743
INTEREST EXPENSE        
Deposits 8,429 4,443 20,685 11,561
Federal funds purchased and securities sold under agreements to repurchase 42 52 409 160
Other borrowings 2,187 2,125 6,240 6,163
TOTAL INTEREST EXPENSE 10,658 6,620 27,334 17,884
NET INTEREST INCOME 43,624 42,115 129,353 122,859
Provision for loan and lease losses 1,046 1,827 3,822 4,872
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 42,578 40,288 125,531 117,987
NONINTEREST INCOME        
Service charges on deposit accounts 2,614 2,797 7,770 7,926
Commissions and fees 1,414 1,258 4,096 3,549
Income on bank owned life insurance 1,127 624 2,557 1,550
Gain (loss) on equity securities (439) 0 (384) 0
Gains on sales of loans 484 478 1,030 1,347
Gains on sales of investment securities, net 0 0 0 2,524
Other income 439 297 1,613 2,763
TOTAL NONINTEREST INCOME 5,639 5,454 16,682 19,659
NONINTEREST EXPENSE        
Salaries and employee benefits 17,352 15,100 50,921 45,613
Net occupancy expense 2,316 2,327 7,657 7,670
Furniture and equipment 2,070 2,073 6,287 6,166
FDIC insurance expense 400 430 1,225 1,173
Stationery, supplies and postage 371 404 1,230 1,419
Marketing expense 343 442 1,160 1,351
Data processing expense 1,083 441 2,525 1,496
Telecommunications expense 438 380 1,321 1,156
ATM and debit card expense 556 546 1,624 1,504
Core deposit intangible amortization 142 104 452 489
Other real estate and repossessed asset expense 45 67 112 108
Long-term debt prepayment fee 0 0 0 2,828
Other expenses 2,677 2,535 7,990 7,712
TOTAL NONINTEREST EXPENSE 27,793 24,849 82,504 78,685
Income before provision for income taxes 20,424 20,893 59,709 58,961
Provision for income taxes 3,666 7,170 11,858 19,556
NET INCOME $ 16,758 $ 13,723 $ 47,851 $ 39,405
PER SHARE OF COMMON STOCK        
Basic earnings (in usd per share) $ 0.35 $ 0.29 $ 1.00 $ 0.82
Diluted earnings (in usd per share) 0.35 0.29 0.99 0.82
Dividends (in usd per share) $ 0.115 $ 0.100 $ 0.33 $ 0.295