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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME        
Interest and fees on loans $ 37,102 $ 31,637 $ 71,769 $ 61,129
Interest on investments:        
Taxable 2,072 1,477 3,997 2,981
Tax-exempt 99 115 208 236
Interest on loans held for sale 6 7 16 11
Interest on interest-earning deposits 395 176 752 440
Total interest income 39,674 33,412 76,742 64,797
INTEREST EXPENSE        
Interest on savings and interest-bearing deposit accounts 4,416 2,320 8,135 4,132
Interest on certificates of deposit 2,330 1,650 4,479 3,220
Interest on borrowed funds 1,155 354 1,525 657
Interest on capital lease obligation 106 114 213 229
Interest on subordinated debt 1,221 783 2,442 1,566
Subtotal - interest expense 9,228 5,221 16,794 9,804
Interest on interest-bearing demand - brokered 804 726 1,484 1,446
Interest on certificates of deposits - brokered 399 493 828 984
Total Interest expense 10,431 6,440 19,106 12,234
NET INTEREST INCOME BEFORE PROVISION FOR LOAN AND LEASE LOSSES 29,243 26,972 57,636 52,563
Provision for loan and lease losses 300 2,200 1,550 3,800
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 28,943 24,772 56,086 48,763
OTHER INCOME        
Wealth management fee income 8,126 5,086 16,493 9,904
Service charges and fees 873 815 1,704 1,586
Bank owned life insurance 345 350 681 672
Gains on loans held for sale at fair value (mortgage banking) 79 91 173 138
Fee income related to loan level, back-to-back swaps 900 1,291 1,152 1,747
Gain on sale of SBA loans 814 142 845 297
Other income 639 396 1,021 846
Securities losses, net (36)   (114)  
Total other income 11,740 8,171 21,955 15,190
OPERATING EXPENSES        
Compensation and employee benefits 15,826 12,751 30,405 24,664
Premises and equipment 3,406 3,033 6,676 5,849
FDIC insurance expense 625 602 1,205 1,288
Other operating expense 5,084 3,709 9,992 7,598
Total operating expenses 24,941 20,095 48,278 39,399
INCOME BEFORE INCOME TAX EXPENSE 15,742 12,848 29,763 24,554
Income tax expense 3,832 4,908 7,046 8,632
NET INCOME $ 11,910 $ 7,940 $ 22,717 $ 15,922
EARNINGS PER SHARE        
Basic $ 0.63 $ 0.45 $ 1.21 $ 0.92
Diluted $ 0.62 $ 0.45 $ 1.20 $ 0.91
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING        
Basic 18,930,893 17,505,638 18,770,492 17,314,695
Diluted 19,098,838 17,756,390 18,996,979 17,588,816