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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Mar. 31, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST INCOME          
Loans $ 39,035 $ 35,407 $ 27,912 $ 74,442 $ 52,982
Investment securities and other interest-earning assets 1,839 2,098 2,158 3,937 3,715
Total interest income 40,874 37,505 30,070 78,379 56,697
INTEREST EXPENSE          
Deposits 2,010 2,069 1,589 4,079 3,195
FHLB advances and other borrowings 324 325 407 649 782
Subordinated debentures 979 910 982 1,889 1,953
Total interest expense 3,313 3,304 2,978 6,617 5,930
Net Interest Provision Before Provision for Loan Losses 37,561 34,201 27,092 71,762 50,767
Provision for loan losses 1,589 1,120 1,833 2,709 3,663
Net Interest Income After Provision For Loan Losses 35,972 33,081 25,259 69,053 47,104
NONINTEREST INCOME          
Loan servicing fees 302 327 393 629 737
Deposit fees 817 842 634 1,659 1,216
Net gain from sales of loans 2,124 1,906 2,721 4,030 2,721
Net gain from sales of investment securities 532 753 139 1,285 255
Other-than-temporary-impairment loss on investment securities 0 (207) 0 (207) 0
Other income 675 1,241 494 1,916 921
Total noninterest income 4,450 4,862 4,381 9,312 5,850
NONINTEREST EXPENSE          
Compensation and benefits 13,095 11,770 9,171 24,865 18,416
Premises and occupancy 2,597 2,391 2,082 4,988 3,911
Data processing and communications 887 911 716 1,798 1,418
Other real estate owned operations, net (15) 8 56 (7) 104
FDIC insurance premiums 401 382 363 783 677
Legal, audit and professional expense 446 865 661 1,311 1,182
Marketing expense 775 630 615 1,405 1,218
Office and postage expense 573 481 505 1,054 1,004
Loan expense 540 403 263 943 456
Deposit expense 1,196 1,019 982 2,215 1,787
Merger-related expense 497 3,119 0 3,616 3,992
CDI amortization 645 344 344 989 658
Other expense 2,058 1,324 1,456 3,382 2,860
Total noninterest expense 23,695 23,647 17,214 47,342 37,683
Net Income Before Income Taxes 16,727 14,296 12,426 31,023 15,271
Income tax 6,358 5,742 4,601 12,100 5,658
Net Income $ 10,369 $ 8,554 $ 7,825 $ 18,923 $ 9,613
EARNINGS PER SHARE          
Basic (in dollars per share) $ 0.38 $ 0.33 $ 0.36 $ 0.72 $ 0.46
Diluted (in dollars per share) $ 0.37 $ 0.33 $ 0.36 $ 0.70 $ 0.46
WEIGHTED AVERAGE SHARES OUTSTANDING          
Basic (in shares) 27,378,930 25,555,654 21,493,641 26,467,292 20,796,655
Diluted (in shares) 27,845,490 25,952,184 21,828,876 26,901,627 21,126,542