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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME        
Loans, leases and fees $ 44,302 $ 39,766 $ 127,453 $ 109,687
Federal funds sold and interest-bearing deposits with banks 210 142 618 341
Taxable investment securities and other 3,720 2,627 11,137 8,285
Tax-exempt investment securities 503 470 1,535 1,300
TOTAL INTEREST INCOME 48,735 43,005 140,743 119,613
INTEREST EXPENSE        
Deposits 4,443 2,886 11,561 7,495
Federal funds purchased and securities sold under agreements to repurchase 52 19 160 66
Other borrowings 2,125 1,582 6,163 4,582
TOTAL INTEREST EXPENSE 6,620 4,487 17,884 12,143
NET INTEREST INCOME 42,115 38,518 122,859 107,470
Provision for loan and lease losses 1,827 1,763 4,872 3,848
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 40,288 36,755 117,987 103,622
NONINTEREST INCOME        
Service charges on deposit accounts 2,797 2,615 7,926 7,580
Commissions and fees 1,258 1,182 3,549 3,260
Gains on sales of investment securities     2,524 370
Gains on sales of loans 478 753 1,347 1,598
Income on bank owned life insurance 624 1,303 1,550 2,125
Other income 297 564 2,763 1,236
TOTAL NONINTEREST INCOME 5,454 6,417 19,659 16,169
NONINTEREST EXPENSE        
Salaries and employee benefits 15,100 14,626 45,613 41,802
Net occupancy expense 2,327 2,372 7,670 7,401
Furniture and equipment 2,073 1,876 6,166 5,904
Stationery, supplies and postage 404 412 1,419 1,271
Marketing expense 442 429 1,351 1,123
FDIC insurance expense 430 715 1,173 1,986
Data processing expense 441 518 1,496 1,497
Telecommunications expense 380 479 1,156 1,289
ATM and debit card expense 546 420 1,504 1,149
Expenses (income) on other real estate owned and other repossessed assets 67 (32) 108 33
Long-term debt prepayment fee     2,828  
Merger related expenses   1,697   4,103
Core deposit intangible amortization 104 201 489 532
Other expenses 2,535 2,293 7,712 7,055
TOTAL NONINTEREST EXPENSE 24,849 26,006 78,685 75,145
Income before income tax expense 20,893 17,166 58,961 44,646
Income tax expense 7,170 5,839 19,556 15,081
NET INCOME $ 13,723 $ 11,327 $ 39,405 $ 29,565
PER SHARE OF COMMON STOCK        
Basic earnings $ 0.29 $ 0.25 $ 0.82 $ 0.69
Diluted earnings 0.29 0.25 0.82 0.69
Dividends $ 0.100 $ 0.095 $ 0.295 $ 0.275