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, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income:      
Interest and fees on loans $ 305,370 $ 246,682 $ 200,463
Taxable securities 12,654 9,117 5,343
Nontaxable securities 2,406 2,948 3,300
Federal funds sold 3,103 1,693 1,007
Other interest and dividends 3,094 2,316 2,789
Total interest income 326,627 262,756 212,902
Interest expense:      
Deposits 55,502 28,831 20,169
Borrowed funds 8,446 6,502 5,636
Total interest expense 63,948 35,333 25,805
Net interest income 262,679 227,423 187,097
Provision for loan losses 21,402 23,225 13,398
Net interest income after provision for loan losses 241,277 204,198 173,699
Noninterest income:      
Securities gains (losses) 190 (3)
Increase in cash surrender value life insurance 3,130 3,131 2,794
Other operating income 1,239 1,099 2,688
Total noninterest income 19,440 17,361 17,007
Noninterest expenses:      
Salaries and employee benefits 51,849 47,604 43,955
Equipment and occupancy expense 8,423 8,018 7,985
Professional services 3,646 3,217 3,977
FDIC and other regulatory assessments 3,869 3,918 3,400
Other real estate owned expense 790 323 759
Other operating expenses 23,298 21,129 19,812
Total noninterest expenses 91,875 84,209 79,888
Income before income taxes 168,842 137,350 110,818
Provision for income taxes 31,902 44,258 29,339
Net income 136,940 93,092 81,479
Dividends on preferred stock 63 62 47
Net income available to common stockholders $ 136,877 $ 93,030 $ 81,432
Basic earnings per common share (in dollars per share) $ 2.57 $ 1.76 $ 1.55
Diluted earnings per common share (in dollars per share) $ 2.53 $ 1.72 $ 1.52
Deposit Account [Member]      
Noninterest income:      
Noninterest income $ 6,547 $ 5,702 $ 5,355
Mortgage Banking [Member]      
Noninterest income:      
Noninterest income 2,784 3,835 3,725
Credit Card [Member]      
Noninterest income:      
Noninterest income $ 5,550 $ 3,594 $ 2,448