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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Mar. 31, 2015
INTEREST INCOME      
Loans $ 35,407 $ 30,181 $ 25,070
Investment securities and other interest-earning assets 2,098 1,730 1,557
Total interest income 37,505 31,911 26,627
INTEREST EXPENSE      
Deposits 2,069 1,713 1,606
FHLB advances and other borrowings 325 370 375
Subordinated debentures 910 991 971
Total interest expense 3,304 3,074 2,952
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES 34,201 28,837 23,675
PROVISION FOR LOAN LOSSES 1,120 1,700 1,830
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 33,081 27,137 21,845
NONINTEREST INCOME      
Loan servicing fees 327 348 344
Deposit fees 842 686 582
Net gain from sales of loans 1,906 2,705 0
Net gain from sales of investment securities 753 (4) 116
Other-than-temporary-impairment loss on investment securities (207) 0 0
Other income 1,241 482 427
Total noninterest income 4,862 4,217 1,469
NONINTEREST EXPENSE      
Compensation and benefits 12,080 10,030 9,522
Premises and occupancy 2,391 2,141 1,829
Data processing and communications 911 715 702
Other real estate owned operations, net 8 7 48
FDIC insurance premiums 382 345 314
Legal, audit and professional expense 865 826 521
Marketing expense 630 519 603
Office and postage expense 481 478 499
Loan expense 403 439 193
Deposit expense 1,019 938 805
Merger-related expense 3,119 407 3,992
CDI amortization 344 345 314
Other expense 1,014 1,349 1,127
Total noninterest expense 23,647 18,539 20,469
NET INCOME BEFORE INCOME TAX 14,296 12,815 2,845
INCOME TAX 5,742 4,750 1,056
NET INCOME $ 8,554 $ 8,065 $ 1,789
EARNINGS PER SHARE      
Basic (in dollars per share) $ 0.33 $ 0.38 $ 0.09
Diluted (in dollars per share) $ 0.33 $ 0.37 $ 0.09
WEIGHTED AVERAGE SHARES OUTSTANDING      
Basic (in shares) 25,555,654 21,510,746 20,091,924
Diluted (in shares) 25,952,184 21,941,035 20,382,832