Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest income:      
Interest and fees on loans $ 200,463 $ 171,302 $ 136,066
Taxable securities 5,343 4,331 4,497
Nontaxable securities 3,300 3,499 3,489
Federal funds sold 1,007 127 159
Other interest and dividends 2,789 716 514
Total interest income 212,902 179,975 144,725
Interest expense:      
Deposits 20,169 14,894 12,420
Borrowed funds 5,636 2,810 1,699
Total interest expense 25,805 17,704 14,119
Net interest income 187,097 162,271 130,606
Provision for loan losses 13,398 12,847 10,259
Net interest income after provision for loan losses 173,699 149,424 120,347
Noninterest income:      
Service charges on deposit accounts 5,355 5,088 4,265
Mortgage banking 3,725 2,682 2,047
Securities (losses) gains (3) 29 3
Increase in cash surrender value life insurance 2,794 2,621 2,280
Other operating income 6,241 3,157 2,371
Total noninterest income 18,112 13,577 10,966
Noninterest expenses:      
Salaries and employee benefits 43,955 38,913 31,017
Equipment and occupancy expense 7,985 6,389 5,547
Professional services 3,977 2,607 2,435
FDIC and other regulatory assessments 3,400 2,660 2,094
Other real estate owned expense 759 1,227 1,533
Merger expense 0 2,100 0
Other operating expenses 20,917 20,100 14,709
Total noninterest expenses 80,993 73,996 57,335
Income before income taxes 110,818 89,005 73,978
Provision for income taxes 29,339 25,465 21,601
Net income 81,479 63,540 52,377
Dividends on preferred stock 47 280 431
Net income available to common stockholders $ 81,432 $ 63,260 $ 51,946
Basic earnings per common share $ 1.55 $ 1.23 $ 1.09
Diluted earnings per common share $ 1.52 $ 1.2 $ 1.05