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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME:        
Loans, including fees $ 53,944 $ 44,735 $ 123,571 $ 102,739
Taxable investment securities 2,708 2,391 5,342 4,546
Federal Home Loan Bank stock and other 1,704 695 3,276 1,419
Total interest income 58,356 47,821 132,189 108,704
INTEREST EXPENSE:        
Deposits 3,934 2,324 7,294 4,203
Securities sold under agreements to repurchase and other short-term borrowings 222 146 435 171
Federal Home Loan Bank advances 2,723 1,943 4,997 4,235
Subordinated note 393 271 714 520
Total interest expense 7,272 4,684 13,440 9,129
NET INTEREST INCOME 51,084 43,137 118,749 99,575
Provision for loan and lease losses 4,932 5,061 22,187 17,412
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 46,152 38,076 96,562 82,163
NONINTEREST INCOME:        
Service charges on deposit accounts 3,574 3,390 7,129 6,637
Net refund transfer fees 3,473 2,770 19,825 18,152
Mortgage banking income 1,316 1,445 2,336 2,605
Interchange fee income 2,891 2,547 5,558 4,873
Program fees 1,323 1,284 3,019 2,375
Increase in cash surrender value of bank owned life insurance 379 393 750 784
Net gains on other real estate owned 320 249 452 391
Other 1,020 849 2,772 2,033
Total noninterest income 14,296 12,927 41,841 37,850
NONINTEREST EXPENSE:        
Salaries and employee benefits 22,766 20,015 46,600 41,226
Occupancy and equipment, net 6,391 5,903 12,612 11,870
Communication and transportation 1,241 939 2,623 2,211
Marketing and development 1,283 1,409 2,199 2,413
FDIC insurance expense 345 300 870 750
Bank franchise tax expense 860 790 3,378 3,225
Data processing 2,443 1,695 4,829 3,347
Interchange related expense 1,098 1,071 2,105 2,129
Supplies 303 261 684 788
Other real estate owned expense 16 132 61 229
Legal and professional fees 728 596 1,771 1,348
Other 3,158 2,623 5,945 5,137
Total noninterest expense 40,632 35,734 83,677 74,673
INCOME BEFORE INCOME TAX EXPENSE 19,816 15,269 54,726 45,340
INCOME TAX EXPENSE 4,150 5,198 11,591 15,252
NET INCOME $ 15,666 $ 10,071 $ 43,135 $ 30,088
Class A Common Stock        
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) $ 0.75 $ 0.48 $ 2.08 $ 1.45
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) 0.74 0.48 2.06 1.45
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividend declared per common share (in dollars per share) 0.242 0.220 0.484 0.429
Class B Common Stock        
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) 0.68 0.44 1.89 1.32
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) 0.68 0.44 1.88 1.32
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividend declared per common share (in dollars per share) $ 0.220 $ 0.200 $ 0.440 $ 0.390