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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
INTEREST INCOME        
Loans $ 19,550 $ 14,420 $ 54,057 $ 41,504
Investment securities and other interest-earning assets 1,484 1,954 4,230 4,041
Total interest income 21,034 16,374 58,287 45,545
INTEREST EXPENSE        
Deposits 1,317 1,045 3,589 3,097
FHLB advances and other borrowings 294 244 792 722
Subordinated debentures 403 77 553 230
Total interest expense 2,014 1,366 4,934 4,049
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES 19,020 15,008 53,353 41,496
PROVISION FOR LOAN LOSSES 1,284 646 3,263 1,264
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 17,736 14,362 50,090 40,232
NONINTEREST INCOME        
Loan servicing fees 547 237 1,685 881
Deposit fees 412 485 1,329 1,382
Net gain from sales of loans 1,775 982 3,621 1,927
Net gain from sales of investment securities 363 305 523 1,373
Other-than-temporary impairment recovery (loss) on investment securities, net 5 16 28 (19)
Other income 1,365 296 1,804 932
Total noninterest income 4,467 2,321 8,990 6,476
NONINTEREST EXPENSE        
Compensation and benefits 7,490 5,948 20,866 16,732
Premises and occupancy 1,723 1,600 4,877 4,222
Data processing and communications 420 824 2,036 2,214
Other real estate owned operations, net 11 (1) 65 610
FDIC insurance premiums 257 201 760 537
Legal, audit and professional expense 625 679 1,603 1,523
Marketing expense 318 307 736 777
Office and postage expense 441 375 1,155 960
Loan expense 258 282 633 714
Deposit expense 747 497 2,255 1,172
Merger related expense     626 6,723
Other expense 1,053 1,059 2,913 2,622
Total noninterest expense 13,343 11,771 38,525 38,806
NET INCOME BEFORE INCOME TAX 8,860 4,912 20,555 7,902
INCOME TAX 3,410 1,846 7,830 3,113
NET INCOME $ 5,450 $ 3,066 $ 12,725 $ 4,789
EARNINGS PER SHARE        
Basic (in dollars per share) $ 0.32 $ 0.19 $ 0.75 $ 0.31
Diluted (in dollars per share) $ 0.31 $ 0.18 $ 0.73 $ 0.29
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 17,069,216 16,640,471 17,078,945 15,512,508
Diluted (in shares) 17,342,882 17,482,230 17,385,835 16,314,701