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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
INTEREST INCOME      
Loans $ 42,436 $ 43,006 $ 35,407
Investment securities and other interest-earning assets 2,991 2,791 2,098
Total interest income 45,427 45,797 37,505
INTEREST EXPENSE      
Deposits 2,135 2,176 2,069
FHLB advances and other borrowings 604 332 325
Subordinated debentures 985 985 910
Total interest expense 3,724 3,493 3,304
Net interest income before provision for loan losses 41,703 42,304 34,201
Provision for loan losses 2,502 2,054 1,120
Net interest income after provision for loan losses 39,201 40,250 33,081
NONINTEREST INCOME      
Loan servicing fees 222 263 225
Deposit fees 847 934 828
Net gain from sales of loans 2,811 2,387 1,906
Net gain from sales of investment securities 0 0 753
Other-than-temporary-impairment recovery/(loss) on securities 1 0 (207)
Other income 802 734 1,343
Total noninterest income 4,683 4,318 4,848
NONINTEREST EXPENSE      
Compensation and benefits 14,887 13,815 11,739
Premises and occupancy 2,453 2,531 2,283
Data processing and communications 1,187 1,240 911
Other real estate owned operations, net 12 369 8
FDIC insurance premiums 455 320 382
Legal, audit and professional expense 857 830 865
Marketing expense 818 865 630
Office and postage expense 433 441 481
Loan expense 468 714 403
Deposit expense 1,444 1,388 1,005
Merger-related expense 4,946 772 3,119
CDI amortization 511 525 344
Other expense 1,276 1,567 1,463
Total noninterest expense 29,747 25,377 23,633
Net income before income taxes 14,137 19,191 14,296
Income tax 4,616 7,238 5,742
Net Income $ 9,521 $ 11,953 $ 8,554
EARNINGS PER SHARE      
Basic (in dollars per share) $ 0.35 $ 0.44 $ 0.33
Diluted (in dollars per share) $ 0.34 $ 0.43 $ 0.33
WEIGHTED AVERAGE SHARES OUTSTANDING      
Basic (in shares) 27,528,940 27,394,737 25,555,654
Diluted (in shares) 28,197,220 28,027,479 25,952,184