| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | |||||||||
- | - | - | - | - | - | - | - | 1,102 | - |
Interest income: | |||||||||
Loans | |||||||||
256,192 | 228,350 | 190,345 | 190,667 | 152,621 | 100,107 | 76,442 | 71,057 | 71,794 | 85,619 |
Investment securities | |||||||||
20,531 | 22,645 | 21,753 | 18,394 | 11,590 | 10,565 | 12,391 | 9,391 | 6,921 | 7,676 |
Other | |||||||||
883 | 467 | 222 | 476 | 903 | 621 | 143 | 243 | 477 | 550 |
Total interest income | |||||||||
277,606 | 251,462 | 212,320 | 209,537 | 165,114 | 111,293 | 88,976 | 80,691 | 79,192 | 93,845 |
Interest expense: | |||||||||
Interest Expense, Deposits | |||||||||
70,389 | 41,995 | 23,912 | 19,009 | 11,801 | 9,431 | 10,416 | 16,741 | 24,815 | 39,050 |
Federal Home Loan Bank advances | |||||||||
9,342 | 12,374 | 7,624 | 6,030 | 3,668 | 1,980 | 1,532 | 1,788 | 3,821 | 11,682 |
Federal funds purchased and securities sold under agreements to repurchase | |||||||||
1,033 | 298 | 5 | 4 | 8 | 22 | 11 | 70 | 0 | 11 |
Long-term debt | |||||||||
6,822 | 6,647 | 6,067 | 4,043 | 1,104 | 1,120 | 2,546 | 1,333 | 2,046 | 3,824 |
Other | |||||||||
630 | 185 | 171 | 402 | 195 | 71 | 27 | 16 | 16 | 2 |
Total interest expense | |||||||||
88,216 | 61,499 | 37,779 | 29,488 | 16,776 | 12,624 | 14,532 | 19,948 | 30,698 | 54,569 |
Net interest income | |||||||||
189,390 | 189,963 | 174,541 | 180,049 | 148,338 | 98,669 | 74,444 | 60,743 | 48,494 | 39,276 |
Provision for credit losses | |||||||||
-500 | 3,000 | 750 | 4,100 | 6,100 | -1,000 | 900 | 11,500 | 3,300 | 37,300 |
Net interest income after provision for credit losses | |||||||||
189,890 | 186,963 | 173,791 | 175,949 | 142,238 | 99,669 | 73,544 | 49,243 | 45,194 | 1,976 |
Noninterest income: | |||||||||
Net gain on loan origination and sale activities | |||||||||
44,122 | 11,866 | 20,026 | 307,313 | 236,388 | 144,122 | 164,712 | 210,564 | 48,467 | 56,128 |
Loan servicing income | |||||||||
7,802 | 3,671 | 3,331 | 33,059 | 24,250 | 34,092 | 17,073 | 16,121 | 38,056 | 26,226 |
Income from WMS Series LLC | |||||||||
- | - | - | 2,333 | 1,624 | 101 | 704 | 4,264 | 2,119 | 2,162 |
Loss on debt extinguishment | |||||||||
- | - | - | - | - | -573 | 0 | -939 | 2,000 | -5,458 |
Depositor and other retail banking fees | |||||||||
7,926 | 8,019 | 7,195 | 6,790 | 5,881 | 3,572 | 3,172 | 3,062 | 3,061 | 3,397 |
Insurance agency commissions | |||||||||
2,292 | 2,193 | 1,904 | 1,619 | 1,682 | 1,153 | 864 | 743 | 910 | 1,164 |
Gain on sale of investment securities available for sale | |||||||||
-7 | 235 | 489 | 2,539 | 2,406 | 2,358 | 1,772 | 1,490 | 1,102 | 6,016 |
Bargain purchase gain | |||||||||
- | - | - | - | 7,726 | 0 | 0 | - | - | - |
Other | |||||||||
12,297 | 10,549 | 9,652 | 5,497 | 1,280 | 832 | 2,448 | 2,715 | 1,490 | 839 |
Total noninterest income | |||||||||
74,432 | 36,533 | 42,597 | 359,150 | 281,237 | 185,657 | 190,745 | 238,020 | 97,205 | 90,474 |
Noninterest expense: | |||||||||
Salaries and related costs | |||||||||
122,189 | 105,042 | 101,791 | 303,354 | 240,587 | 163,387 | 149,440 | 119,829 | 53,519 | 49,816 |
General and administrative | |||||||||
33,862 | 32,932 | 37,782 | 63,206 | 56,821 | 41,738 | 40,366 | 27,838 | 18,490 | 17,456 |
Amortization of core deposit intangibles | |||||||||
1,634 | 1,625 | 1,710 | 2,166 | 1,924 | 1,095 | - | - | - | - |
Legal | |||||||||
1,559 | 3,373 | 1,303 | 1,867 | 2,807 | 2,071 | 2,552 | 1,796 | 3,360 | 3,573 |
Consulting | |||||||||
4,055 | 2,469 | 2,682 | 4,958 | 7,215 | 3,224 | 5,637 | 3,037 | 2,644 | 2,761 |
Federal Deposit Insurance Corporation assessments | |||||||||
1,820 | 3,808 | 2,998 | 3,414 | 2,573 | 2,316 | 1,433 | 3,554 | 5,534 | 7,618 |
Occupancy | |||||||||
22,242 | 18,103 | 16,981 | 30,530 | 24,927 | 18,598 | 13,765 | 8,585 | 6,764 | 7,356 |
Information services | |||||||||
28,325 | 28,028 | 25,897 | 33,063 | 29,054 | 20,052 | 14,491 | 8,867 | 5,902 | 5,223 |
Net cost (benefit) from operation and sale of other real estate owned | |||||||||
-72 | -139 | -530 | 1,764 | 660 | -470 | 1,811 | 10,085 | 30,281 | 32,197 |
Total noninterest expense | |||||||||
215,614 | 195,241 | 190,614 | 444,322 | 366,568 | 252,011 | 229,495 | 183,591 | 126,494 | 126,000 |
Income from continuing operations before income taxes | |||||||||
48,708 | 28,255 | 25,774 | 90,777 | 56,907 | 33,315 | 34,794 | 103,672 | 15,905 | -33,550 |
Income tax expense from continuing operations | |||||||||
7,988 | 2,032 | -16,894 | 32,626 | 15,588 | 11,056 | 10,985 | 21,546 | -214 | 697 |
Income from continuing operations | |||||||||
40,720 | 26,223 | 42,668 | - | - | - | - | - | - | - |
Loss from discontinued operations before income taxes (includes net loss on disposal of $12,224 for the three months ended March 31, 2019) | |||||||||
-28,285 | 17,610 | 40,415 | - | - | - | - | - | - | - |
Income tax benefit from discontinued operations | |||||||||
-5,077 | 3,806 | 14,137 | - | - | - | - | - | - | - |
Income (loss) from discontinued operations | |||||||||
-23,208 | 13,804 | 26,278 | - | - | - | - | - | - | - |
Net Income (Loss) Attributable to Parent | |||||||||
17,512 | 40,027 | 68,946 | 58,151 | 41,319 | 22,259 | 23,809 | 82,126 | 16,119 | -34,247 |
Basic earnings per common share: | |||||||||
Basic income from continuing operations per share (in dollars per share) | |||||||||
1.57 | 0.97 | 1.59 | - | - | - | - | - | - | - |
Basic income (loss) from discontinued operations per share (in dollars per share) | |||||||||
-0.91 | 0.51 | 0.98 | - | - | - | - | - | - | - |
Basic earnings per share (in dollars per share) | |||||||||
0.66 | 1.48 | 2.57 | 2.36 | 1.98 | 1.50 | 1.65 | 6.17 | 2.98 | -6.34 |
Diluted earnings per common share | |||||||||
Diluted income from continuing operations per share (in dollars per share) | |||||||||
1.55 | 0.97 | 1.57 | - | - | - | - | - | - | - |
Diluted income (loss) from discontinued operations per share (in dollars per share) | |||||||||
-0.90 | 0.51 | 0.97 | - | - | - | - | - | - | - |
Diluted earnings per share (in dollars per share) | |||||||||
0.65 | 1.47 | 2.54 | 2.34 | 1.96 | 1.49 | 1.61 | 5.98 | 2.80 | -6.34 |
Dividends paid on common stock per share | |||||||||
- | - | - | - | - | 0.11 | 0.33 | - | - | - |
Basic weighted average number of shares outstanding (in shares) | |||||||||
25,573 | 26,970 | 26,864 | 24,615 | 20,818 | 14,800 | 14,412 | 13,312 | 5,403 | 5,403 |
Diluted weighted average number of shares outstanding (in shares) | |||||||||
25,770 | 27,168 | 27,092 | 24,843 | 21,059 | 14,961 | 14,798 | 13,739 | 5,748 | 5,403 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | |||||||||
- | - | - | - | - | - | - | - | 0 | - |