XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
INTEREST INCOME    
Loans and fees $ 57,642 $ 45,544
Federal funds sold and interest-bearing deposits with banks 254 166
Taxable investment securities and other 4,873 3,992
Tax-exempt investment securities 408 443
TOTAL INTEREST INCOME 63,177 50,145
INTEREST EXPENSE    
Deposits 11,497 5,755
Federal funds purchased and securities sold under agreements to repurchase 608 134
Other borrowings 2,466 2,020
TOTAL INTEREST EXPENSE 14,571 7,909
NET INTEREST INCOME 48,606 42,236
Provision for loan losses 508 1,284
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 48,098 40,952
NONINTEREST INCOME    
Service charges on deposit accounts 2,573 2,611
Commissions and fees 1,412 1,272
Income on bank owned life insurance 683 719
Gain (loss) on equity securities 353 (18)
Gains on sales of loans 371 246
Other income 331 504
TOTAL NONINTEREST INCOME 5,723 5,334
NONINTEREST EXPENSE    
Salaries and employee benefits 19,231 16,861
Net occupancy expense 2,954 2,738
Furniture and equipment 2,116 2,206
FDIC insurance expense 450 425
Stationery, supplies and postage 447 416
Marketing expense 469 361
Data processing expense 1,327 466
Telecommunications expense 493 421
ATM and debit card expense 602 510
Core deposit intangible amortization 304 157
Other real estate and repossessed asset expense 86 46
Merger related expenses 2,860 0
Other expenses 2,645 2,530
TOTAL NONINTEREST EXPENSE 33,984 27,137
Income before provision for income taxes 19,837 19,149
Provision for income taxes 4,211 3,894
NET INCOME $ 15,626 $ 15,255
PER SHARE OF COMMON STOCK    
Basic earnings (in usd per share) $ 0.31 $ 0.32
Diluted earnings (in dollars per share) 0.31 0.32
Dividends (in usd per share) $ 0.115 $ 0.1