ACQUISITION OF CORNERSTONE BANCORP, INC. - CONTRIBUTION (Details) - USD ($) $ in Thousands |
3 Months Ended |
12 Months Ended |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| INTEREST INCOME: |
|
|
|
|
|
|
|
|
|
|
|
| Loans, including fees |
|
|
|
|
|
|
|
|
$ 164,232
|
$ 133,958
|
$ 123,360
|
| Taxable investment securities |
|
|
|
|
|
|
|
|
7,876
|
7,046
|
7,481
|
| Total interest income |
$ 45,903
|
$ 43,934
|
$ 40,140
|
$ 44,015
|
$ 36,842
|
$ 36,107
|
$ 35,722
|
$ 33,761
|
173,992
|
142,432
|
132,377
|
| INTEREST EXPENSE: |
|
|
|
|
|
|
|
|
|
|
|
| Subordinated note |
|
|
|
|
|
|
|
|
915
|
2,056
|
2,515
|
| NET INTEREST INCOME |
41,645
|
39,398
|
35,577
|
39,434
|
32,466
|
31,424
|
31,058
|
29,022
|
156,054
|
123,970
|
112,773
|
| Provision for loan and lease losses |
5,004
|
2,489
|
1,814
|
5,186
|
2,074
|
2,233
|
904
|
185
|
14,493
|
5,396
|
2,859
|
| NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES |
36,641
|
36,909
|
33,763
|
34,248
|
30,392
|
29,191
|
30,154
|
28,837
|
141,561
|
118,574
|
109,914
|
| NONINTEREST INCOME: |
|
|
|
|
|
|
|
|
|
|
|
| Service charges on deposit accounts |
|
|
|
|
|
|
|
|
13,176
|
13,015
|
13,807
|
| Interchange fee income |
|
|
|
|
|
|
|
|
9,009
|
8,353
|
7,017
|
| Other |
|
|
|
|
|
|
|
|
4,398
|
2,405
|
3,001
|
| Total noninterest income |
10,485
|
11,301
|
10,802
|
24,921
|
7,717
|
7,806
|
9,485
|
22,986
|
57,509
|
47,994
|
42,519
|
| NONINTEREST EXPENSES: |
|
|
|
|
|
|
|
|
|
|
|
| Salaries and employee benefits |
|
|
|
|
|
|
|
|
69,882
|
58,091
|
54,373
|
| Occupancy and equipment, net |
|
|
|
|
|
|
|
|
21,777
|
20,689
|
22,008
|
| Communication and transportation |
|
|
|
|
|
|
|
|
4,256
|
3,752
|
3,866
|
| Marketing and development |
|
|
|
|
|
|
|
|
3,778
|
3,161
|
3,264
|
| FDIC insurance expense |
|
|
|
|
|
|
|
|
1,780
|
2,084
|
1,865
|
| Data processing |
|
|
|
|
|
|
|
|
6,121
|
4,340
|
3,513
|
| Supplies |
|
|
|
|
|
|
|
|
1,406
|
1,101
|
1,009
|
| Legal and professional fees |
|
|
|
|
|
|
|
|
2,556
|
3,306
|
2,766
|
| Other |
|
|
|
|
|
|
|
|
8,305
|
7,458
|
6,364
|
| Total noninterest expenses |
32,166
|
33,534
|
31,866
|
32,541
|
26,847
|
28,238
|
27,165
|
31,074
|
130,107
|
113,324
|
108,118
|
| INCOME BEFORE INCOME TAX EXPENSE |
14,960
|
14,676
|
12,699
|
26,628
|
11,262
|
8,759
|
12,474
|
20,749
|
68,963
|
53,244
|
44,315
|
| Income tax expense (benefit) |
4,960
|
4,848
|
4,359
|
8,893
|
3,844
|
3,119
|
4,154
|
6,961
|
23,060
|
18,078
|
15,528
|
| NET INCOME |
$ 10,000
|
$ 9,828
|
$ 8,340
|
$ 17,735
|
$ 7,418
|
$ 5,640
|
$ 8,320
|
$ 13,788
|
45,903
|
$ 35,166
|
$ 28,787
|
| Cornerstone |
|
|
|
|
|
|
|
|
|
|
|
| INTEREST INCOME: |
|
|
|
|
|
|
|
|
|
|
|
| Loans, including fees |
|
|
|
|
|
|
|
|
5,903
|
|
|
| Taxable investment securities |
|
|
|
|
|
|
|
|
1,331
|
|
|
| Total interest income |
|
|
|
|
|
|
|
|
7,234
|
|
|
| INTEREST EXPENSE: |
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
|
|
|
|
|
|
|
348
|
|
|
| Borrowings |
|
|
|
|
|
|
|
|
1,931
|
|
|
| Subordinated note |
|
|
|
|
|
|
|
|
37
|
|
|
| Total interest expense |
|
|
|
|
|
|
|
|
2,316
|
|
|
| NET INTEREST INCOME |
|
|
|
|
|
|
|
|
4,918
|
|
|
| Provision for loan and lease losses |
|
|
|
|
|
|
|
|
327
|
|
|
| NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES |
|
|
|
|
|
|
|
|
4,591
|
|
|
| NONINTEREST INCOME: |
|
|
|
|
|
|
|
|
|
|
|
| Service charges on deposit accounts |
|
|
|
|
|
|
|
|
210
|
|
|
| Interchange fee income |
|
|
|
|
|
|
|
|
133
|
|
|
| Other |
|
|
|
|
|
|
|
|
192
|
|
|
| Total noninterest income |
|
|
|
|
|
|
|
|
535
|
|
|
| NONINTEREST EXPENSES: |
|
|
|
|
|
|
|
|
|
|
|
| Salaries and employee benefits |
|
|
|
|
|
|
|
|
2,096
|
|
|
| Occupancy and equipment, net |
|
|
|
|
|
|
|
|
532
|
|
|
| Communication and transportation |
|
|
|
|
|
|
|
|
196
|
|
|
| Marketing and development |
|
|
|
|
|
|
|
|
144
|
|
|
| FDIC insurance expense |
|
|
|
|
|
|
|
|
44
|
|
|
| Data processing |
|
|
|
|
|
|
|
|
628
|
|
|
| Supplies |
|
|
|
|
|
|
|
|
69
|
|
|
| Legal and professional fees |
|
|
|
|
|
|
|
|
211
|
|
|
| Other |
|
|
|
|
|
|
|
|
499
|
|
|
| Total noninterest expenses |
|
|
|
|
|
|
|
|
4,419
|
|
|
| INCOME BEFORE INCOME TAX EXPENSE |
|
|
|
|
|
|
|
|
707
|
|
|
| Income tax expense (benefit) |
|
|
|
|
|
|
|
|
216
|
|
|
| NET INCOME |
|
|
|
|
|
|
|
|
491
|
|
|
| Cornerstone | Non-Acquisition Related |
|
|
|
|
|
|
|
|
|
|
|
| INTEREST INCOME: |
|
|
|
|
|
|
|
|
|
|
|
| Loans, including fees |
|
|
|
|
|
|
|
|
5,663
|
|
|
| Taxable investment securities |
|
|
|
|
|
|
|
|
1,331
|
|
|
| Total interest income |
|
|
|
|
|
|
|
|
6,994
|
|
|
| INTEREST EXPENSE: |
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
|
|
|
|
|
|
|
362
|
|
|
| Borrowings |
|
|
|
|
|
|
|
|
1,931
|
|
|
| Subordinated note |
|
|
|
|
|
|
|
|
37
|
|
|
| Total interest expense |
|
|
|
|
|
|
|
|
2,330
|
|
|
| NET INTEREST INCOME |
|
|
|
|
|
|
|
|
4,664
|
|
|
| Provision for loan and lease losses |
|
|
|
|
|
|
|
|
327
|
|
|
| NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES |
|
|
|
|
|
|
|
|
4,337
|
|
|
| NONINTEREST INCOME: |
|
|
|
|
|
|
|
|
|
|
|
| Service charges on deposit accounts |
|
|
|
|
|
|
|
|
210
|
|
|
| Interchange fee income |
|
|
|
|
|
|
|
|
133
|
|
|
| Other |
|
|
|
|
|
|
|
|
192
|
|
|
| Total noninterest income |
|
|
|
|
|
|
|
|
535
|
|
|
| NONINTEREST EXPENSES: |
|
|
|
|
|
|
|
|
|
|
|
| Salaries and employee benefits |
|
|
|
|
|
|
|
|
1,822
|
|
|
| Occupancy and equipment, net |
|
|
|
|
|
|
|
|
532
|
|
|
| Communication and transportation |
|
|
|
|
|
|
|
|
186
|
|
|
| Marketing and development |
|
|
|
|
|
|
|
|
144
|
|
|
| FDIC insurance expense |
|
|
|
|
|
|
|
|
44
|
|
|
| Data processing |
|
|
|
|
|
|
|
|
11
|
|
|
| Supplies |
|
|
|
|
|
|
|
|
49
|
|
|
| Legal and professional fees |
|
|
|
|
|
|
|
|
73
|
|
|
| Other |
|
|
|
|
|
|
|
|
364
|
|
|
| Total noninterest expenses |
|
|
|
|
|
|
|
|
3,225
|
|
|
| INCOME BEFORE INCOME TAX EXPENSE |
|
|
|
|
|
|
|
|
1,647
|
|
|
| Income tax expense (benefit) |
|
|
|
|
|
|
|
|
506
|
|
|
| NET INCOME |
|
|
|
|
|
|
|
|
1,141
|
|
|
| Cornerstone | Acquisition-Related |
|
|
|
|
|
|
|
|
|
|
|
| INTEREST INCOME: |
|
|
|
|
|
|
|
|
|
|
|
| Loans, including fees |
|
|
|
|
|
|
|
|
240
|
|
|
| Total interest income |
|
|
|
|
|
|
|
|
240
|
|
|
| INTEREST EXPENSE: |
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
|
|
|
|
|
|
|
(14)
|
|
|
| Total interest expense |
|
|
|
|
|
|
|
|
(14)
|
|
|
| NET INTEREST INCOME |
|
|
|
|
|
|
|
|
254
|
|
|
| NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES |
|
|
|
|
|
|
|
|
254
|
|
|
| NONINTEREST EXPENSES: |
|
|
|
|
|
|
|
|
|
|
|
| Salaries and employee benefits |
|
|
|
|
|
|
|
|
274
|
|
|
| Communication and transportation |
|
|
|
|
|
|
|
|
10
|
|
|
| Data processing |
|
|
|
|
|
|
|
|
617
|
|
|
| Supplies |
|
|
|
|
|
|
|
|
20
|
|
|
| Legal and professional fees |
|
|
|
|
|
|
|
|
138
|
|
|
| Other |
|
|
|
|
|
|
|
|
135
|
|
|
| Total noninterest expenses |
|
|
|
|
|
|
|
|
1,194
|
|
|
| INCOME BEFORE INCOME TAX EXPENSE |
|
|
|
|
|
|
|
|
(940)
|
|
|
| Income tax expense (benefit) |
|
|
|
|
|
|
|
|
(290)
|
|
|
| NET INCOME |
|
|
|
|
|
|
|
|
$ (650)
|
|
|