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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME:        
Loans, including fees $ 56,296 $ 50,271 $ 179,867 $ 153,010
Taxable investment securities 2,964 2,364 8,306 6,910
Federal Home Loan Bank stock and other 1,830 1,090 5,106 2,509
Total interest income 61,090 53,725 193,279 162,429
INTEREST EXPENSE:        
Deposits 4,562 2,587 11,856 6,790
Securities sold under agreements to repurchase and other short-term borrowings 317 161 752 332
Federal Home Loan Bank advances 2,782 2,383 7,779 6,618
Subordinated note 396 287 1,110 807
Total interest expense 8,057 5,418 21,497 14,547
NET INTEREST INCOME 53,033 48,307 171,782 147,882
Provision for loan and lease losses 4,077 4,221 26,264 21,633
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 48,956 44,086 145,518 126,249
NONINTEREST INCOME:        
Service charges on deposit accounts 3,579 3,395 10,708 10,032
Net refund transfer fees 149 177 19,974 18,329
Mortgage banking income 1,360 1,102 3,696 3,707
Interchange fee income 2,757 2,475 8,315 7,348
Program fees 1,686 1,597 4,705 3,972
Increase in cash surrender value of bank owned life insurance 385 394 1,135 1,178
Net gains on other real estate owned 248 31 700 422
Other 1,301 1,203 4,073 3,236
Total noninterest income 11,465 10,374 53,306 48,224
NONINTEREST EXPENSE:        
Salaries and employee benefits 22,846 20,505 69,446 61,731
Occupancy and equipment, net 6,153 5,841 18,535 17,594
Communication and transportation 1,047 1,239 3,670 3,450
Marketing and development 1,449 1,677 3,648 4,090
FDIC insurance expense 360 300 1,230 1,050
Bank franchise tax expense 710 749 4,088 3,974
Data processing 2,350 1,795 7,179 5,142
Interchange related expense 1,138 928 3,243 3,057
Supplies 314 241 998 1,029
Other real estate owned expense 2 55 63 284
Legal and professional fees 935 446 2,706 1,794
Impairment of premises held for sale 126 965 356 1,082
Other 3,782 3,285 9,727 8,422
Total noninterest expense 41,212 38,026 124,889 112,699
INCOME BEFORE INCOME TAX EXPENSE 19,209 16,434 73,935 61,774
INCOME TAX EXPENSE 1,798 5,728 13,389 20,980
NET INCOME $ 17,411 $ 10,706 $ 60,546 $ 40,794
Class A Common Stock        
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) $ 0.84 $ 0.51 $ 2.92 $ 1.97
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) 0.83 0.51 2.90 1.96
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividend declared per common share (in dollars per share) 0.242 0.220 0.726 0.649
Class B Common Stock        
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) 0.76 0.47 2.65 1.79
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) 0.76 0.47 2.64 1.78
DIVIDENDS DECLARED PER COMMON SHARE:        
Dividend declared per common share (in dollars per share) $ 0.220 $ 0.200 $ 0.660 $ 0.590