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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
INTEREST INCOME        
Loans $ 17,922 $ 13,688 $ 34,507 $ 27,084
Investment securities and other interest-earning assets 1,309 1,248 2,746 2,087
Total interest income 19,231 14,936 37,253 29,171
INTEREST EXPENSE        
Deposits 1,203 1,033 2,272 2,052
FHLB advances and other borrowings 255 238 498 478
Subordinated debentures 75 76 150 153
Total interest expense 1,533 1,347 2,920 2,683
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES 17,698 13,589 34,333 26,488
PROVISION FOR LOAN LOSSES 1,030 322 1,979 618
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 16,668 13,267 32,354 25,870
NONINTEREST INCOME        
Loan servicing fees 282 318 1,138 644
Deposit fees 463 457 917 897
Net gain from sales of loans 1,298 222 1,846 945
Net gain from sales of investment securities 98 1,068 160 1,068
Other-than-temporary impairment recovery (loss) on investment securities, net 10 (5) 23 (35)
Other income 320 371 439 636
Total noninterest income 2,471 2,431 4,523 4,155
NONINTEREST EXPENSE        
Compensation and benefits 6,485 5,687 13,376 10,784
Premises and occupancy 1,566 1,329 3,154 2,622
Data processing and communications 485 755 1,616 1,390
Other real estate owned operations, net 41 574 54 611
FDIC insurance premiums 266 196 503 336
Legal, audit and professional expense 385 249 978 844
Marketing expense 242 264 418 470
Office and postage expense 345 322 714 585
Loan expense 191 184 375 432
Deposit expense 747 515 1,508 675
Merger related expense   4,978 626 6,723
Other expense 888 803 1,860 1,563
Total noninterest expense 11,641 15,856 25,182 27,035
NET INCOME (LOSS) BEFORE INCOME TAX 7,498 (158) 11,695 2,990
INCOME TAX 2,855 91 4,420 1,267
NET INCOME (LOSS) $ 4,643 $ (249) $ 7,275 $ 1,723
EARNINGS (LOSS) PER SHARE        
Basic (in dollars per share) $ 0.28 $ (0.02) $ 0.43 $ 0.12
Diluted (in dollars per share) $ 0.27 $ (0.02) $ 0.42 $ 0.11
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 17,124,337 15,516,537 17,083,194 14,939,179
Diluted (in shares) 17,476,390 15,516,537 17,422,928 15,721,262