Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

v3.10.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Interest and fees on loans $ 78,991 $ 63,857 $ 222,285 $ 179,325
Taxable securities 3,276 2,288 9,148 6,649
Nontaxable securities 583 729 1,862 2,246
Federal funds sold 892 379 2,137 1,185
Other interest and dividends 316 388 1,031 1,291
Total interest income 84,058 67,641 236,463 190,696
Interest expense:        
Deposits 15,210 7,574 36,545 19,877
Borrowed funds 1,985 1,671 6,097 4,804
Total interest expense 17,195 9,245 42,642 24,681
Net interest income 66,863 58,396 193,821 166,015
Provision for loan losses 6,624 4,803 14,884 14,170
Net interest income after provision for loan losses 60,239 53,593 178,937 151,845
Noninterest income:        
Securities gains 186 190
Increase in cash surrender value life insurance 787 825 2,350 2,334
Other operating income 396 371 1,278 1,146
Total noninterest income 5,591 4,790 15,919 14,141
Noninterest expenses:        
Salaries and employee benefits 13,070 12,428 39,464 36,172
Equipment and occupancy expense 2,193 1,947 6,260 6,452
Professional services 853 805 2,582 2,384
FDIC and other regulatory assessments 675 810 2,967 2,888
OREO expense 289 31 765 163
Other operating expenses 6,070 5,476 18,634 16,580
Total noninterest expenses 23,150 21,497 70,672 64,639
Income before income taxes 42,680 36,886 124,184 101,347
Provision for income taxes 8,120 11,627 23,481 29,405
Net income 34,560 25,259 100,703 71,942
Preferred stock dividends 31 31
Net income available to common stockholders $ 34,560 $ 25,259 $ 100,672 $ 71,911
Basic earnings per common share (in dollars per share) $ 0.65 $ 0.48 $ 1.89 $ 1.36
Diluted earnings per common share (in dollars per share) $ 0.64 $ 0.47 $ 1.86 $ 1.33
Deposit Account [Member]        
Noninterest income:        
Noninterest income $ 1,595 $ 1,467 $ 4,833 $ 4,203
Mortgage Banking [Member]        
Noninterest income:        
Noninterest income 789 978 2,096 2,941
Credit Card [Member]        
Noninterest income:        
Noninterest income $ 1,838 $ 1,149 $ 5,172 $ 3,517