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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME:        
Loans, including fees $ 44,735 $ 37,746 $ 102,739 $ 79,175
Taxable investment securities 2,391 1,983 4,546 3,875
Federal Home Loan Bank stock and other 695 411 1,419 1,105
Total interest income 47,821 40,140 108,704 84,155
INTEREST EXPENSE:        
Deposits 2,324 1,347 4,203 2,739
Securities sold under agreements to repurchase and other short-term borrowings 146 15 171 40
Federal Home Loan Bank advances 1,943 2,973 4,235 5,926
Subordinated note 271 228 520 439
Total interest expense 4,684 4,563 9,129 9,144
NET INTEREST INCOME 43,137 35,577 99,575 75,011
Provision for loan and lease losses 5,061 1,814 17,412 7,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 38,076 33,763 82,163 68,011
NONINTEREST INCOME:        
Service charges on deposit accounts 3,390 3,282 6,637 6,422
Net refund transfer fees 2,770 1,909 18,152 18,987
Mortgage banking income 1,445 1,560 2,605 2,821
Interchange fee income 2,547 2,217 4,873 4,340
Program fees 1,284 664 2,375 963
Increase in cash surrender value of bank owned life insurance 393 369 784 708
Net gains on other real estate owned 249 80 391 328
Other 849 721 2,033 1,154
Total noninterest income 12,927 10,802 37,850 35,723
NONINTEREST EXPENSES:        
Salaries and employee benefits 20,015 17,814 41,226 34,897
Occupancy and equipment, net 5,903 5,109 11,870 10,528
Communication and transportation 939 872 2,211 1,945
Marketing and development 1,409 1,190 2,413 1,697
FDIC insurance expense 300 480 750 1,138
Bank franchise tax expense 790 647 3,225 3,098
Data processing 1,695 1,543 3,347 2,876
Interchange related expense 1,071 1,047 2,129 1,951
Supplies 261 240 788 689
Other real estate owned expense 132 116 229 196
Legal and professional fees 596 604 1,348 1,427
Other 2,623 2,204 5,137 3,965
Total noninterest expenses 35,734 31,866 74,673 64,407
Income before income tax expense 15,269 12,699 45,340 39,327
INCOME TAX EXPENSE 5,198 4,359 15,252 13,252
NET INCOME $ 10,071 $ 8,340 $ 30,088 $ 26,075
Class A Common Stock        
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) $ 0.48 $ 0.40 $ 1.45 $ 1.26
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) 0.48 0.40 1.45 1.26
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividend declared per common share (in dollars per share) 0.220 0.209 0.429 0.407
Class B Common Stock        
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) 0.44 0.37 1.32 1.14
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) 0.44 0.37 1.32 1.14
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividend declared per common share (in dollars per share) $ 0.200 $ 0.190 $ 0.390 $ 0.370