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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
INTEREST INCOME:        
Loans, including fees $ 62,896 $ 56,296 $ 199,935 $ 179,867
Taxable investment securities 3,221 2,964 10,096 8,306
Federal Home Loan Bank stock and other 1,942 1,830 6,325 5,106
Total interest income 68,059 61,090 216,356 193,279
INTEREST EXPENSE:        
Deposits 8,042 4,562 21,693 11,856
Securities sold under agreements to repurchase and other short-term borrowings 298 317 1,049 752
Federal Home Loan Bank advances 3,839 2,782 10,631 7,779
Subordinated note 394 396 1,252 1,110
Total interest expense 12,573 8,057 34,625 21,497
NET INTEREST INCOME 55,486 53,033 181,731 171,782
Provision for loan and lease losses 3,153 4,077 24,844 26,264
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 52,333 48,956 156,887 145,518
NONINTEREST INCOME:        
Service charges on deposit accounts 3,749 3,579 10,650 10,708
Net refund transfer fees 317 149 21,046 19,974
Mortgage banking income 3,064 1,360 7,019 3,696
Interchange fee income 3,031 2,757 9,045 8,315
Program fees 1,317 1,686 3,428 4,705
Increase in cash surrender value of bank owned life insurance 394 385 1,154 1,135
Net gains on other real estate owned 267 248 487 700
Other 672 1,301 2,524 4,073
Total noninterest income 12,811 11,465 55,353 53,306
NONINTEREST EXPENSE:        
Salaries and employee benefits 24,822 22,846 75,184 69,446
Occupancy and equipment, net 6,571 6,279 19,627 18,891
Communication and transportation 1,017 1,047 3,249 3,670
Marketing and development 1,420 1,449 3,800 3,648
FDIC insurance expense   360 743 1,230
Bank franchise tax expense 935 710 4,366 4,088
Data processing 2,344 2,350 6,657 7,179
Interchange related expense 1,138 1,138 3,755 3,243
Supplies 292 314 1,358 998
Other real estate owned and other repossession expense 130 2 324 63
Legal and professional fees 1,026 935 2,756 2,706
Other 2,716 3,782 9,529 9,727
Total noninterest expense 42,411 41,212 131,348 124,889
INCOME BEFORE INCOME TAX EXPENSE 22,733 19,209 80,892 73,935
INCOME TAX EXPENSE 4,325 1,798 14,961 13,389
NET INCOME $ 18,408 $ 17,411 $ 65,931 $ 60,546
Class A Common Stock        
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) $ 0.88 $ 0.84 $ 3.17 $ 2.92
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) 0.88 0.83 3.15 2.90
Class B Common Stock        
BASIC EARNINGS PER SHARE:        
Basic earnings per share (in dollars per share) 0.80 0.76 2.88 2.65
DILUTED EARNINGS PER SHARE:        
Diluted earnings per share (in dollars per share) $ 0.80 $ 0.76 $ 2.87 $ 2.64