Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest and dividend income:    
Interest and fees on loans $ 112,927 $ 68,084
Interest on deposits in other banks 647 71
Interest and dividends on securities:    
Taxable 7,072 4,923
Nontaxable 4,008 3,562
Total interest and dividend income 124,654 76,640
Interest expense:    
Interest on deposits 11,212 5,077
Interest on short-term borrowings 4,249 950
Interest on long-term borrowings 5,446 4,046
Total interest expense 20,907 10,073
Net interest income 103,747 66,567
Provision for credit losses 3,500 2,122
Net interest income after provision for credit losses 100,247 64,445
Noninterest income:    
Service charges on deposit accounts 5,894 4,516
Other service charges and fees 1,233 1,139
Interchange fees, net 4,489 3,582
Fiduciary and asset management fees 3,056 2,794
Mortgage banking income, net 2,041 2,025
Gains on securities transactions, net 213 481
Bank owned life insurance income 1,667 2,125
Loan-related interest rate swap fees 718 1,180
Other operating income 2,998 997
Total noninterest income 22,309 18,839
Noninterest expenses:    
Salaries and benefits 42,329 32,168
Occupancy expenses 6,310 4,903
Furniture and equipment expenses 3,033 2,603
Printing, postage, and supplies 1,073 1,150
Communications expense 1,097 910
Technology and data processing 4,649 3,900
Professional services 2,597 1,658
Marketing and advertising expense 1,443 1,740
FDIC assessment premiums and other insurance 2,185 706
Other taxes 2,886 2,022
Loan-related expenses 1,471 1,329
OREO and credit-related expenses 1,532 541
Amortization of intangible assets 3,181 1,637
Training and other personnel costs 1,027 969
Merger-related costs 27,712 0
Other expenses 1,483 1,159
Total noninterest expenses 104,008 57,395
Income before income taxes 18,548 25,889
Income tax expense 1,909 6,765
Net income $ 16,639 $ 19,124
Basic earnings per common share (in usd per share) $ 0.25 $ 0.44
Diluted earnings per common share (in usd per share) 0.25 0.44
Dividends declared per common share (in usd per share) $ 0.21 $ 0.20
Basic weighted average number of common shares outstanding (in shares) 65,554,630 43,654,498
Diluted weighted average number of common shares outstanding (in shares) 65,636,262 43,725,923