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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income    
Investment securities $ 21,351 $ 20,142
Residential real estate loans 10,779 8,785
Commercial loans 83,539 65,515
Consumer and other loans 10,447 8,624
Total interest income 126,116 103,066
Interest Expense    
Deposits 5,341 3,916
Securities sold under agreements to repurchase 802 485
Federal Home Loan Bank advances 3,055 2,089
Other borrowed funds 38 16
Subordinated debentures 1,668 1,268
Total interest expense 10,904 7,774
Net Interest Income 115,212 95,292
Provision for loan losses 57 795
Net interest income after provision for loan losses 115,155 94,497
Non-Interest Income    
Service charges and other fees 18,015 16,871
Miscellaneous loan fees and charges 967 1,477
Gain on sale of loans 5,798 6,097
Gain (loss) on sale of debt securities 213 (333)
Other income 3,481 1,974
Total non-interest income 28,474 26,086
Non-Interest Expense    
Compensation and employee benefits 52,728 45,721
Occupancy and equipment 8,437 7,274
Advertising and promotions 2,388 2,170
Data processing 3,892 3,967
Other real estate owned 139 72
Regulatory assessments and insurance 1,285 1,206
Core deposit intangibles amortization 1,694 1,056
Other expenses 12,267 12,161
Total non-interest expense 82,830 73,627
Income Before Income Taxes 60,799 46,956
Federal and state income tax expense 11,667 8,397
Net Income $ 49,132 $ 38,559
Basic earnings per share $ 0.58 $ 0.48
Diluted earnings per share 0.58 0.48
Dividends declared per share $ 0.26 $ 0.23
Average outstanding shares - basic 84,549,974 80,808,904
Average outstanding shares - diluted 84,614,248 80,887,135