Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

v3.8.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income:    
Interest and fees on loans $ 69,674 $ 55,556
Taxable securities 2,745 2,087
Nontaxable securities 656 765
Federal funds sold 551 519
Other interest and dividends 383 590
Total interest income 74,009 59,517
Interest expense:    
Deposits 9,621 5,982
Borrowed funds 1,952 1,483
Total interest expense 11,573 7,465
Net interest income 62,436 52,052
Provision for loan losses 4,139 4,986
Net interest income after provision for loan losses 58,297 47,066
Noninterest income:    
Securities gains 4
Increase in cash surrender value life insurance 777 724
Other operating income 407 390
Total noninterest income 4,869 4,546
Non-interest expenses:    
Salaries and employee benefits 13,296 11,713
Equipment and occupancy expense 1,954 2,250
Professional services 805 771
FDIC and other regulatory assessments 1,133 997
Other real estate owned expense 316 76
Other operating expenses 6,008 5,460
Total non-interest expenses 23,512 21,267
Income before income taxes 39,654 30,345
Provision for income taxes 7,051 7,826
Net income 32,603 22,519
Dividends on preferred stock
Net income available to common stockholders $ 32,603 $ 22,519
Basic earnings per common share (in dollars per share) $ 0.61 $ 0.43
Diluted earnings per common share (in dollars per share) $ 0.60 $ 0.42
Deposit Account [Member]    
Noninterest income:    
Noninterest income $ 1,585 $ 1,354
Mortgage Banking [Member]    
Noninterest income:    
Noninterest income 518 899
Credit Card [Member]    
Noninterest income:    
Noninterest income $ 1,578 $ 1,179