Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Interest and fees on loans $ 85,524 $ 69,674
Taxable securities 3,746 2,745
Nontaxable securities 446 656
Federal funds sold 1,219 551
Other interest and dividends 2,764 383
Total interest income 93,699 74,009
Interest expense:    
Deposits 22,145 9,621
Borrowed funds 2,776 1,952
Total interest expense 24,921 11,573
Net interest income 68,778 62,436
Provision for loan losses 4,885 4,139
Net interest income after provision for loan losses 63,893 58,297
Noninterest income:    
Securities gains (losses) 4
Increase in cash surrender value life insurance 762 777
Other operating income 327 276
Total noninterest income 4,942 4,415
Non-interest expenses:    
Salaries and employee benefits 14,265 13,296
Equipment and occupancy expense 2,259 1,954
Professional services 994 805
FDIC and other regulatory assessments 1,019 1,133
Other real estate owned expense 22 316
Other operating expenses 6,767 5,554
Total non-interest expenses 25,326 23,058
Income before income taxes 43,509 39,654
Provision for income taxes 8,499 7,051
Net income 35,010 32,603
Dividends on preferred stock
Net income available to common stockholders $ 35,010 $ 32,603
Basic earnings per common share (in dollars per share) $ 0.65 $ 0.61
Diluted earnings per common share (in dollars per share) $ 0.65 $ 0.60
Deposit Account [Member]    
Noninterest income:    
Noninterest income $ 1,702 $ 1,585
Mortgage Banking [Member]    
Noninterest income:    
Noninterest income 575 518
Credit Card [Member]    
Noninterest income:    
Noninterest income $ 1,576 $ 1,255