| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Interest income: | ||||||
Interest and fees on loans | ||||||
260,458 | 221,001 | 153,969 | 105,865 | 87,723 | 75,138 | |
Interest on securities | ||||||
Taxable | ||||||
13,223 | 12,397 | 10,084 | 10,646 | 11,783 | 14,375 | |
Tax-exempt | ||||||
4,805 | 4,047 | 4,006 | 3,372 | 2,808 | 2,932 | |
Other | ||||||
4,051 | 2,126 | 1,554 | 611 | 468 | 444 | |
Total interest income | ||||||
282,537 | 239,571 | 169,613 | 120,494 | 102,782 | 92,889 | |
Interest expense: | ||||||
Deposits | ||||||
51,568 | 29,536 | 13,031 | 5,413 | 4,733 | 4,241 | |
Borrowings | ||||||
4,933 | 5,967 | 3,311 | 121 | 712 | 642 | |
Time deposits | ||||||
- | - | - | 1,929 | 1,559 | 2,483 | |
Long-term debt | ||||||
- | - | - | 2,081 | 1,906 | 2,147 | |
Total interest expense | ||||||
56,501 | 35,503 | 16,342 | 9,544 | 8,910 | 9,513 | |
Net interest income | ||||||
226,036 | 204,068 | 153,271 | 110,950 | 93,872 | 83,376 | |
Provision for credit losses | ||||||
7,053 | 5,398 | -950 | -1,479 | -3,064 | -2,716 | |
Net interest income after provisions for credit losses | ||||||
218,983 | 198,670 | 154,221 | 112,429 | 96,936 | 86,092 | |
Noninterest income: | ||||||
Mortgage banking income | ||||||
- | - | - | 117,751 | 70,190 | 31,135 | |
Gain from securities, net | ||||||
57 | -116 | 285 | 4,407 | 1,844 | 2,000 | |
Service charges on deposit accounts | ||||||
- | - | - | 8,009 | 7,389 | 7,333 | |
ATM and interchange fees | ||||||
- | - | - | 7,791 | 6,536 | 5,633 | |
Investment services and trust income | ||||||
- | - | - | 3,337 | 3,260 | 3,520 | |
Bargain purchase gain | ||||||
- | - | - | - | 2,794 | - | |
Gain (loss) on sales or write-downs of other real estate owned | ||||||
545 | -99 | 774 | 1,282 | -317 | 132 | |
(Loss) gain from other assets | ||||||
-104 | 328 | -664 | -103 | -393 | 19 | |
Other income | ||||||
7,099 | 6,172 | 4,094 | 2,211 | 1,077 | 1,030 | |
Total noninterest income | ||||||
135,397 | 130,642 | 141,581 | 144,685 | 92,380 | 50,802 | |
Noninterest expenses: | ||||||
Salaries, commissions and employee benefits | ||||||
152,084 | 136,892 | 130,005 | 113,992 | 84,214 | 63,863 | |
Occupancy and equipment expense | ||||||
15,641 | 13,976 | 13,010 | 12,611 | 10,777 | 9,421 | |
Legal and professional fees | ||||||
7,486 | 7,903 | 5,737 | 3,514 | 3,355 | 3,175 | |
Data processing | ||||||
10,589 | 9,100 | 6,488 | 4,181 | 2,053 | 2,430 | |
Business Combination, Acquisition Related Costs | ||||||
5,385 | 1,594 | 19,034 | 3,268 | 3,543 | - | |
Amortization of core deposit and other intangibles | ||||||
4,339 | 3,185 | 1,995 | 2,132 | 1,731 | 1,613 | |
Amortization of mortgage servicing rights | ||||||
- | - | - | 8,321 | 2,601 | 397 | |
Impairment of mortgage servicing rights | ||||||
- | - | - | 4,678 | 194 | 0 | |
Loss on sale of mortgage servicing rights | ||||||
- | - | - | -4,447 | - | - | |
Regulatory fees and deposit insurance assessments | ||||||
- | - | - | 1,952 | 2,190 | 1,938 | |
Advertising | ||||||
9,138 | 13,139 | 12,957 | 10,608 | 8,062 | 2,873 | |
Other expense | ||||||
40,179 | 37,669 | 33,091 | 22,212 | 17,786 | 15,037 | |
Total noninterest expense | ||||||
244,841 | 223,458 | 222,317 | 194,790 | 138,492 | 102,163 | |
Income before income taxes | ||||||
109,539 | 105,854 | 73,485 | 62,324 | 50,824 | 34,731 | |
Income Tax Expense (Benefit) | ||||||
25,725 | 25,618 | 21,087 | 21,733 | 2,968 | 2,269 | |
Net Income (Loss) Attributable to Parent | ||||||
83,814 | 80,236 | 52,398 | 40,591 | 47,856 | 32,462 | |
Weighted average shares of common stock outstanding | ||||||
Basic | ||||||
- | - | - | 19,165 | 17,180 | 17,180 | |
Fully diluted | ||||||
- | - | - | 19,312 | 17,180 | 17,180 | |
Earnings per common share | ||||||
Earnings Per Share, Basic | ||||||
2.70 | 2.60 | 1.90 | 2.12 | 2.79 | 1.89 | |
Earnings Per Share, Diluted | ||||||
2.65 | 2.55 | 1.86 | 2.10 | 2.79 | 1.89 | |
Pro Forma (C Corporation basis) (unaudited) (Note 13): | ||||||
Income tax expense | ||||||
- | - | - | 22,902 | 17,829 | 12,375 | |
Pro Forma Net Income Loss | ||||||
- | - | - | 39,422 | 32,995 | 22,356 | |
Earnings Per Share, Pro Forma [Abstract] | ||||||
Basic Earnings Per Share, Pro Forma | ||||||
- | - | - | 2.06 | 1.92 | 1.30 | |
Diluted Earnings Per Share Pro Forma | ||||||
- | - | - | 2.04 | 1.92 | 1.30 | |
Mortgage banking income | ||||||
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income | ||||||
100,916 | 100,661 | 116,933 | - | - | - | |
Service charges on deposit accounts | ||||||
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income | ||||||
9,479 | 8,502 | 7,426 | - | - | - | |
ATM and interchange fees | ||||||
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income | ||||||
12,161 | 10,013 | 8,784 | - | - | - | |
Investment services and trust income | ||||||
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income | ||||||
5,244 | 5,181 | 3,949 | - | - | - | |
Software license and maintenance fees | ||||||
Software license and maintenance fees | ||||||
- | - | - | 2,874 | 1,986 | 1,416 | |