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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest Income        
Interest and fees on loans $ 61,006 $ 45,502 $ 178,063 $ 128,181
Interest and dividends on investment securities 2,745 2,255 7,189 6,911
Interest on balances with other banks and short-term investments 228 125 604 379
Interest on federal funds sold 2 4 13 11
Total interest income 63,981 47,886 185,869 135,482
Interest Expense        
Interest on deposits 3,739 2,189 10,668 6,925
Interest on customer repurchase agreements 33 38 94 107
Interest on short-term borrowings     54  
Interest on long-term borrowings 1,124 1,024 3,687 1,788
Total interest expense 4,896 3,251 14,503 8,820
Net Interest Income 59,085 44,635 171,366 126,662
Provision for Credit Losses 3,262 2,111 10,043 7,179
Net Interest Income After Provision For Credit Losses 55,823 42,524 161,323 119,483
Noninterest Income        
Service charges on deposits 1,374 1,227 3,990 3,638
Gain on sale of loans 2,483 1,822 9,364 4,686
Gain on sale of investment securities 60   2,224 10
Loss on early extinguishment of debt     (1,130)  
Increase in the cash surrender value of bank owned life insurance 395 295 1,191 919
Other income 1,787 1,417 4,497 3,782
Total noninterest income 6,099 4,761 20,136 13,035
Noninterest Expense        
Salaries and employee benefits 15,383 14,942 45,772 41,565
Premises and equipment expenses 3,974 3,374 12,056 9,570
Marketing and advertising 762 544 2,182 1,421
Data processing 1,976 1,572 5,598 4,592
Legal, accounting and professional fees 1,063 740 2,915 2,513
FDIC insurance 794 573 2,348 1,680
Merger expenses 2 885 139 1,460
Other expenses 3,451 2,513 11,066 7,575
Total noninterest expense 27,405 25,143 82,076 70,376
Income Before Income Tax Expense 34,517 22,142 99,383 62,142
Income Tax Expense 13,054 8,054 37,564 22,611
Net Income 21,463 14,088 61,819 39,531
Preferred Stock Dividends 180 151 539 434
Net Income Available to Common Shareholders $ 21,283 $ 13,937 $ 61,280 $ 39,097
Earnings Per Common Share        
Basic (in Dollars per share) $ 0.64 $ 0.54 $ 1.88 $ 1.50
Diluted (in Dollars per share) $ 0.63 $ 0.52 $ 1.84 $ 1.47