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 |
$ 147,982
|
$ 125,493
|
$ 77,669
|
| Interest and dividends on investment securities: |
|
|
|
| Taxable |
7,266
|
10,665
|
12,024
|
| Nontaxable |
3,827
|
3,550
|
3,740
|
| Dividends |
1,410
|
1,081
|
636
|
| Interest on federal funds sold and other short-term investment |
756
|
178
|
138
|
| Total interest income |
161,241
|
140,967
|
94,207
|
| Interest expense: |
|
|
|
| Deposits |
18,667
|
13,756
|
8,260
|
| Borrowings |
12,429
|
10,058
|
6,548
|
| Total interest expense |
31,096
|
23,814
|
14,808
|
| Net interest income |
130,145
|
117,153
|
79,399
|
| Provision for loan and lease losses |
38,700
|
12,605
|
4,683
|
| Net interest income after provision for loan and lease losses |
91,445
|
104,548
|
74,716
|
| Noninterest income: |
|
|
|
| Annuity and insurance commissions |
191
|
242
|
382
|
| Income on bank owned life insurance |
2,559
|
1,782
|
1,303
|
| Net gains on sale of loans held-for-sale |
232
|
327
|
182
|
| Deposit, loan and other income |
2,704
|
2,667
|
2,813
|
| Insurance recovery |
|
2,224
|
|
| Net gains on sale of investment securities |
4,234
|
3,931
|
2,818
|
| Total noninterest income |
9,920
|
11,173
|
7,498
|
| Noninterest expense: |
|
|
|
| Salaries and employee benefits |
31,030
|
27,685
|
18,829
|
| Occupancy and equipment |
8,571
|
7,587
|
5,312
|
| FDIC insurance |
2,940
|
2,110
|
1,618
|
| Professional and consulting |
2,979
|
2,951
|
1,661
|
| Marketing and advertising |
1,040
|
847
|
498
|
| Data processing |
4,141
|
3,703
|
2,575
|
| Merger-related expenses |
|
|
12,388
|
| Loss on extinguishment of debt |
|
2,397
|
4,550
|
| Amortization of core deposit intangible |
820
|
917
|
506
|
| Charge due to wire fraud |
|
|
2,374
|
| Other expenses |
6,986
|
6,287
|
4,493
|
| Total noninterest expenses |
58,507
|
54,484
|
54,804
|
| Income before income tax expense |
42,858
|
61,237
|
27,410
|
| Income tax expense |
11,776
|
19,926
|
8,845
|
| Net income |
31,082
|
41,311
|
18,565
|
| Less: Preferred stock dividends |
22
|
112
|
112
|
| Net income available to common stockholders |
$ 31,060
|
$ 41,199
|
$ 18,453
|
| Earnings per common share: |
|
|
|
| Basic |
$ 1.02
|
$ 1.37
|
$ 0.80
|
| Diluted |
1.01
|
1.36
|
0.79
|
| Dividends per common share |
$ 0.300
|
$ 0.300
|
$ 0.300
|