| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
INTEREST AND DIVIDEND INCOME | ||||||
Interest and fees on loans and leases | ||||||
235,501 | 184,972 | 120,406 | 83,150 | 69,621 | ||
Interest on securities | ||||||
25,233 | 19,037 | 14,892 | 14,169 | 12,799 | ||
Interest on tax-exempt securities | ||||||
1,786 | 1,095 | 634 | 653 | 651 | ||
Other interest and dividend income | ||||||
2,294 | 1,847 | 871 | 393 | 192 | ||
Total interest and dividend income | ||||||
264,814 | 206,951 | 136,803 | 98,365 | 83,263 | ||
INTEREST EXPENSE | ||||||
Deposits | ||||||
36,325 | 19,329 | 7,736 | 4,580 | 4,313 | ||
Federal Home Loan Bank advances | ||||||
8,961 | 6,160 | 3,291 | 706 | 23 | ||
Subordinated debentures and other borrowings | ||||||
3,243 | 2,857 | 2,864 | 2,461 | 2,295 | ||
Total interest expense | ||||||
48,529 | 28,346 | 13,891 | 7,747 | 6,631 | ||
Net interest income | ||||||
216,285 | 178,605 | 122,912 | 90,618 | 76,632 | ||
PROVISION FOR LOAN AND LEASE LOSSES | ||||||
20,708 | 18,795 | 12,653 | 10,352 | 6,966 | ||
Net interest income after provision for loan and lease losses | ||||||
195,577 | 159,810 | 110,259 | 80,266 | 69,666 | ||
NON-INTEREST INCOME | ||||||
Total non-interest income | ||||||
55,493 | 50,526 | 49,030 | 25,904 | 20,839 | ||
Net servicing fees | ||||||
- | - | - | - | 0 | ||
ATM and interchange fees | ||||||
3,785 | 4,313 | 4,812 | 5,856 | 6,101 | ||
Net gains on sales of securities available-for-sale | ||||||
1,151 | 164 | 8 | 3,227 | 3,064 | ||
Change in fair value of equity securities, net | ||||||
1,416 | - | - | - | - | ||
Net gains on sales of loans | ||||||
31,845 | 31,551 | 33,062 | 4,323 | 3,151 | ||
Wealth management and trust income | ||||||
2,578 | 1,545 | - | - | - | ||
Other non-interest income | ||||||
4,204 | 5,505 | 2,201 | 4,927 | 2,720 | ||
NON-INTEREST EXPENSE | ||||||
Salaries and employee benefits | ||||||
95,309 | 80,382 | 67,269 | 50,585 | 45,960 | ||
Occupancy expense, net | ||||||
16,668 | 15,829 | 14,078 | 14,330 | 15,995 | ||
Equipment expense | ||||||
3,103 | 2,419 | 2,472 | 2,032 | 2,359 | ||
Loan and lease related expenses | ||||||
8,015 | 6,109 | 3,685 | 2,004 | -21 | ||
Legal, audit and other professional fees | ||||||
11,453 | 11,373 | 7,027 | 5,862 | 7,089 | ||
Data processing | ||||||
13,733 | 18,242 | 9,539 | 8,157 | 7,033 | ||
Net loss recognized on other real estate owned and other related expenses | ||||||
-665 | -235 | 294 | -1,719 | -7,792 | ||
Regulatory assessments | ||||||
697 | 1,744 | 1,193 | 2,553 | 3,316 | ||
Other intangible assets amortization expense | ||||||
7,737 | 5,629 | 3,074 | 3,003 | 2,980 | ||
Advertising and promotions | ||||||
3,398 | 1,723 | 1,035 | 623 | 1,570 | ||
Telecommunications | ||||||
1,963 | 1,710 | 1,593 | 1,698 | 1,643 | ||
Other non-interest expense | ||||||
11,034 | 9,501 | 7,824 | 8,120 | 9,456 | ||
Total non-interest expense | ||||||
173,775 | 154,896 | 118,495 | 100,686 | 105,172 | ||
INCOME BEFORE PROVISION FOR INCOME TAXES | ||||||
77,295 | 55,440 | 40,794 | 5,484 | -14,667 | ||
PROVISION FOR INCOME TAXES | ||||||
20,293 | 14,247 | 19,099 | -61,245 | 307 | ||
NET INCOME | ||||||
57,002 | 41,193 | 21,695 | 66,729 | -14,974 | ||
Dividends on preferred shares | ||||||
783 | 783 | 11,277 | - | - | ||
INCOME AVAILABLE TO COMMON STOCKHOLDERS | ||||||
56,219 | 40,410 | 10,418 | 66,729 | -14,974 | ||
EARNINGS PER COMMON SHARE | ||||||
Basic | ||||||
1.51 | 1.21 | 0.39 | 3.31 | -0.86 | ||
Diluted | ||||||
1.48 | 1.18 | 0.38 | 3.27 | -0.86 | ||
Fees and Service Charges on Deposits [Member] | ||||||
Fees and charges | ||||||
6,458 | 6,445 | 5,289 | 5,665 | 5,803 | ||
Loan Servicing Revenue [Member] | ||||||
Fees and charges | ||||||
10,695 | 10,272 | 9,599 | 1,649 | - | ||
Loan Servicing Asset Revaluation [Member] | ||||||
Fees and charges | ||||||
-6,639 | -9,269 | -5,941 | 257 | - | ||