| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Interest and dividend income: | |||||||||
Interest and fees on loans | |||||||||
218,836 | 193,124 | 137,249 | 129,317 | 131,253 | 134,476 | 139,048 | 169,656 | 134,069 | 17,153 |
Interest and dividends on investment securities | |||||||||
21,297 | 25,746 | 24,841 | 29,665 | 38,145 | 48,651 | 53,945 | 60,342 | 59,323 | 1,501 |
Dividends on non-marketable securities | |||||||||
1,770 | 1,096 | 839 | 748 | 1,210 | 1,206 | 1,559 | 1,535 | 1,132 | 88 |
Interest on interest-bearing bank deposits | |||||||||
698 | 1,425 | 1,492 | 718 | 799 | 329 | 923 | 1,952 | 2,635 | 2,680 |
Total interest and dividend income | |||||||||
242,601 | 221,391 | 164,421 | 160,448 | 171,407 | 184,662 | 195,475 | 233,485 | 197,159 | 21,422 |
Interest expense: | |||||||||
Interest on deposits | |||||||||
29,803 | 21,041 | 16,172 | 13,963 | 13,609 | 14,120 | 16,393 | 29,125 | 41,574 | 5,483 |
Interest on borrowings | |||||||||
6,968 | 2,913 | 1,943 | 845 | 853 | 293 | 121 | 109 | 122 | 29 |
Total interest expense | |||||||||
36,771 | 23,954 | 18,115 | 14,808 | 14,462 | 14,413 | 16,514 | 29,234 | 41,696 | 5,512 |
Net interest income before provision for loan losses | |||||||||
205,830 | 197,437 | 146,306 | 145,640 | 156,945 | 170,249 | 178,961 | 204,251 | 155,463 | 15,910 |
Provision for loan losses | |||||||||
11,643 | 5,197 | 12,972 | 23,651 | 12,444 | 6,209 | 4,296 | 27,995 | 20,002 | 88 |
Net interest income after provision for loan losses | |||||||||
194,187 | 192,240 | 133,334 | 121,989 | 144,501 | 164,040 | 174,665 | 176,256 | 135,461 | 15,822 |
Non-interest income: | |||||||||
Other FDIC loss sharing income | |||||||||
- | - | - | - | - | - | - | - | - | 547 |
Mortgage banking income | |||||||||
42,346 | 30,107 | 2,154 | 2,881 | 1,963 | 1,000 | 1,358 | 1,214 | 1,103 | 268 |
Bank-owned life insurance income | |||||||||
1,713 | 1,791 | 1,871 | 1,861 | 1,614 | 442 | - | - | - | - |
Gain (Loss) on Sale of Securities, Net | |||||||||
- | - | - | - | - | - | - | 674 | -645 | 11 |
Other non-interest income | |||||||||
5,888 | 5,379 | 8,082 | 7,708 | 4,301 | 4,105 | 2,901 | 2,912 | 2,362 | 259 |
Gain on previously charged-off acquired loans | |||||||||
- | - | - | - | - | - | 1,339 | 4,298 | 5,902 | - |
OREO-related income | |||||||||
315 | 917 | 438 | 2,248 | 2,379 | 3,807 | 4,817 | - | - | - |
Bargain purchase gain | |||||||||
- | - | - | - | 1,048 | - | - | - | 60,520 | 37,778 |
FDIC indemnification asset amortization, net of gain on termination | |||||||||
- | - | - | - | - | - | 18,960 | -13,820 | -6,132 | 1,689 |
FDIC loss-sharing related | |||||||||
- | - | - | - | -15,553 | -36,603 | 2,811 | 12,069 | 1,410 | - |
OREO related write-ups and other income | |||||||||
- | - | - | - | - | - | - | 2,941 | 545 | - |
Total non-interest income | |||||||||
82,752 | 70,775 | 39,205 | 40,027 | 21,448 | -1,696 | 20,177 | 37,379 | 89,486 | 42,163 |
Non-interest expense: | |||||||||
Salaries and benefits | |||||||||
122,732 | 114,939 | 80,188 | 79,765 | 83,018 | 82,834 | 90,002 | 94,111 | 67,480 | 25,876 |
Occupancy and equipment | |||||||||
27,336 | 28,493 | 20,994 | 22,904 | 24,490 | 25,101 | 24,700 | 20,558 | 15,070 | 1,392 |
Telecommunications and data processing | |||||||||
8,754 | 10,098 | 7,188 | 5,970 | 11,507 | 11,927 | 13,073 | 14,857 | 12,905 | 849 |
Marketing and business development | |||||||||
3,897 | 4,513 | 2,683 | 2,564 | 4,325 | 4,571 | 5,280 | 5,540 | 6,034 | 65 |
FDIC deposit insurance | |||||||||
1,049 | 2,475 | 2,762 | 3,236 | 3,922 | 4,130 | 4,122 | 4,731 | 4,550 | 712 |
Bank card expenses | |||||||||
4,780 | 5,453 | 3,986 | 4,440 | 3,701 | 3,079 | 4,262 | 4,269 | 2,892 | 206 |
Professional fees | |||||||||
3,256 | 6,059 | 3,330 | 3,496 | 4,495 | 3,257 | 3,734 | 11,156 | 13,650 | 1,338 |
Printing And Supplies | |||||||||
- | - | - | - | - | - | - | 2,967 | 1,387 | 352 |
Other non-interest expense | |||||||||
11,765 | 13,073 | 10,360 | 8,554 | 11,107 | 14,581 | 12,636 | 9,761 | 7,374 | 2,827 |
Other real estate owned expenses | |||||||||
- | - | - | - | - | - | - | 20,313 | 9,969 | 673 |
Problem asset workout | |||||||||
3,186 | 2,549 | 3,994 | 3,983 | 7,317 | 11,258 | 16,601 | 8,532 | 4,389 | 615 |
Loss (gain) on OREO sales, net | |||||||||
7,200 | 500 | 4,150 | 4,383 | 2,776 | 13,126 | - | - | - | - |
Core deposit intangible asset amortization | |||||||||
1,183 | 2,170 | 5,342 | 5,480 | 5,401 | 5,344 | 5,346 | 5,344 | 4,359 | - |
Loss (gain) from the change in fair value of warrant liability | |||||||||
- | - | - | - | 106 | -2,953 | 820 | 1,385 | 56 | - |
Loss on Contract Termination | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Banking center consolidation related expenses | |||||||||
- | - | - | - | 1,411 | - | 3,389 | 0 | 0 | - |
Initial Public Offering Cost | |||||||||
- | - | - | - | - | - | - | 7,974 | 600 | - |
Business Combination, Acquisition Related Costs | |||||||||
- | - | - | - | - | - | - | 870 | 4,935 | 14,076 |
Total non-interest expense | |||||||||
180,745 | 189,334 | 136,677 | 136,009 | 158,024 | 150,003 | 183,965 | 209,598 | 155,538 | 48,981 |
Income before income taxes | |||||||||
96,194 | 73,681 | 35,862 | 26,007 | 7,925 | 12,341 | 10,877 | 4,037 | 69,409 | 9,004 |
Income tax expense | |||||||||
15,829 | 12,230 | 21,283 | 2,947 | 3,044 | 3,165 | 3,950 | 4,580 | 27,446 | 2,953 |
Net income | |||||||||
80,365 | 61,451 | 14,579 | 23,060 | 4,881 | 9,176 | 6,927 | -543 | 41,963 | 6,051 |
Earnings per share-basic (in dollars per share) | |||||||||
2.57 | 2.00 | 0.54 | 0.81 | 0.14 | 0.22 | 0.14 | -0.01 | 0.81 | 0.11 |
Earnings per share-diluted (in dollars per share) | |||||||||
2.55 | 1.95 | 0.53 | 0.79 | 0.14 | 0.22 | 0.14 | -0.01 | 0.81 | 0.11 |
Weighted average number of common shares outstanding: | |||||||||
Basic (Shares) | |||||||||
31,175 | 30,748 | 26,928 | 28,313 | 34,349 | 42,404 | 50,790 | 52,214 | 51,978 | 53,000 |
Diluted (Shares) | |||||||||
31,530 | 31,430 | 27,709 | 29,091 | 34,363 | 42,421 | 50,824 | 52,214 | 52,104 | 53,000 |
Service charges and other fees | |||||||||
Non-interest income | |||||||||
17,895 | 18,092 | 14,634 | 13,900 | 14,798 | 15,430 | 15,955 | 17,392 | 16,810 | 1,094 |
Bank card fees | |||||||||
Non-interest income | |||||||||
14,595 | 14,489 | 12,026 | 11,429 | 10,898 | 10,123 | 9,956 | 9,699 | 7,611 | 517 |