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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
INTEREST INCOME:        
Loans, including fees $ 41,597,000 $ 34,040,000 $ 120,772,000 $ 99,247,000
Taxable investment securities 1,942,000 1,733,000 5,817,000 5,285,000
Federal Home Loan Bank stock and other 395,000 334,000 1,500,000 1,058,000
Total interest income 43,934,000 36,107,000 128,089,000 105,590,000
INTEREST EXPENSE:        
Deposits 1,620,000 1,068,000 4,359,000 3,233,000
Securities sold under agreements to repurchase and other short-term borrowings 11,000 17,000 51,000 72,000
Federal Home Loan Bank advances 2,664,000 2,982,000 8,590,000 8,907,000
Subordinated note 241,000 616,000 680,000 1,874,000
Total interest expense 4,536,000 4,683,000 13,680,000 14,086,000
NET INTEREST INCOME 39,398,000 31,424,000 114,409,000 91,504,000
Provision for loan and lease losses 2,489,000 2,233,000 9,489,000 3,322,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 36,909,000 29,191,000 104,920,000 88,182,000
NONINTEREST INCOME:        
Service charges on deposit accounts 3,416,000 3,399,000 9,838,000 9,685,000
Net refund transfer fees 132,000 97,000 19,119,000 17,339,000
Mortgage banking income 3,081,000 972,000 5,902,000 3,549,000
Interchange fee income 2,415,000 1,967,000 6,755,000 6,205,000
Republic Processing Group program fees 979,000 474,000 1,942,000 871,000
Gain on call of securities available for sale       88,000
Net gains (losses) on other real estate owned (137,000) (8,000) 191,000 (282,000)
Increase in cash surrender value of bank owned life insurance 406,000 348,000 1,114,000 1,050,000
Other 1,009,000 557,000 2,163,000 1,772,000
Total noninterest income 11,301,000 7,806,000 47,024,000 40,277,000
NONINTEREST EXPENSES:        
Salaries and employee benefits 18,068,000 15,297,000 52,965,000 44,897,000
Occupancy and equipment, net 5,631,000 5,217,000 16,159,000 15,560,000
Communication and transportation 1,029,000 951,000 2,974,000 2,768,000
Marketing and development 1,076,000 756,000 2,773,000 2,318,000
FDIC insurance expense 345,000 474,000 1,483,000 1,622,000
Bank franchise tax expense 846,000 846,000 3,944,000 4,094,000
Data processing 1,659,000 959,000 4,535,000 3,017,000
Interchange related expense 1,118,000 909,000 3,069,000 2,847,000
Supplies 280,000 229,000 969,000 809,000
Other real estate owned expense 159,000 146,000 355,000 485,000
Legal and professional fees 539,000 653,000 1,965,000 2,796,000
FHLB advance prepayment penalty 846,000 0 846,000 0
Other 1,938,000 1,801,000 5,904,000 5,264,000
Total noninterest expenses 33,534,000 28,238,000 97,941,000 86,477,000
INCOME BEFORE INCOME TAX EXPENSE 14,676,000 8,759,000 54,003,000 41,982,000
INCOME TAX EXPENSE 4,848,000 3,119,000 18,100,000 14,234,000
NET INCOME $ 9,828,000 $ 5,640,000 $ 35,903,000 $ 27,748,000
Class A Common Stock        
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) $ 0.47 $ 0.27 $ 1.73 $ 1.34
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) 0.47 0.27 1.73 1.34
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividend declared per common share (in dollars per share) 0.209 0.198 0.616 0.583
Class B Common Stock        
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) 0.43 0.25 1.58 1.22
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) 0.43 0.25 1.57 1.22
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividend declared per common share (in dollars per share) $ 0.190 $ 0.180 $ 0.560 $ 0.530