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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME:        
Loans, including fees $ 50,271 $ 41,597 $ 153,010 $ 120,772
Taxable investment securities 2,364 1,942 6,910 5,817
Federal Home Loan Bank stock and other 1,090 395 2,509 1,500
Total interest income 53,725 43,934 162,429 128,089
INTEREST EXPENSE:        
Deposits 2,587 1,620 6,790 4,359
Securities sold under agreements to repurchase and other short-term borrowings 161 11 332 51
Federal Home Loan Bank advances 2,383 2,664 6,618 8,590
Subordinated note 287 241 807 680
Total interest expense 5,418 4,536 14,547 13,680
NET INTEREST INCOME 48,307 39,398 147,882 114,409
Provision for loan and lease losses 4,221 2,489 21,633 9,489
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 44,086 36,909 126,249 104,920
NONINTEREST INCOME:        
Service charges on deposit accounts 3,395 3,416 10,032 9,838
Net refund transfer fees 177 132 18,329 19,119
Mortgage banking income 1,102 3,081 3,707 5,902
Interchange fee income 2,475 2,415 7,348 6,755
Program fees 1,597 979 3,972 1,942
Increase in cash surrender value of bank owned life insurance 394 406 1,178 1,114
Net gains (losses) on other real estate owned 31 (137) 422 191
Other 1,203 1,009 3,236 2,163
Total noninterest income 10,374 11,301 48,224 47,024
NONINTEREST EXPENSES:        
Salaries and employee benefits 20,505 18,068 61,731 52,965
Occupancy and equipment, net 5,841 5,573 17,594 16,026
Communication and transportation 1,239 1,029 3,450 2,974
Marketing and development 1,677 1,076 4,090 2,773
FDIC insurance expense 300 345 1,050 1,483
Bank franchise tax expense 749 846 3,974 3,944
Data processing 1,795 1,659 5,142 4,535
Interchange related expense 928 1,118 3,057 3,069
Supplies 241 280 1,029 969
Other real estate owned expense 55 159 284 355
Legal and professional fees 446 539 1,794 1,965
FHLB advance prepayment penalty   846   846
Impairment of premises held for sale 965 58 1,082 133
Other 3,285 1,938 8,422 5,904
Total noninterest expenses 38,026 33,534 112,699 97,941
Income before income tax expense 16,434 14,676 61,774 54,003
INCOME TAX EXPENSE 5,728 4,848 20,980 18,100
NET INCOME $ 10,706 $ 9,828 $ 40,794 $ 35,903
Class A Common Stock        
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) $ 0.51 $ 0.47 $ 1.97 $ 1.73
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) 0.51 0.47 1.96 1.73
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividend declared per common share (in dollars per share) 0.220 0.209 0.649 0.616
Class B Common Stock        
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) 0.47 0.43 1.79 1.58
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) 0.47 0.43 1.78 1.57
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividend declared per common share (in dollars per share) $ 0.200 $ 0.190 $ 0.590 $ 0.560