XML 35 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Noninterest Expense
9 Months Ended
Sep. 30, 2016
Noninterest Expense  
Noninterest Expense

14) Noninterest Expense

        The following table sets forth the various components of the Company's noninterest expense for the periods indicated:

                                                                                                                                                                                    

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2016

 

2015

 

2016

 

2015

 

 

 

(Dollars in thousands)

 

Salaries and employee benefits(1)

 

$

8,363

 

$

10,358

 

$

26,052

 

$

26,112

 

Occupancy and equipment

 

 

1,120

 

 

1,063

 

 

3,277

 

 

3,135

 

Professional fees

 

 

1,086

 

 

612

 

 

2,619

 

 

946

 

Software subscriptions

 

 

401

 

 

292

 

 

1,118

 

 

883

 

Amortization of intangible assets

 

 

392

 

 

277

 

 

1,176

 

 

655

 

Data processing

 

 

372

 

 

411

 

 

1,143

 

 

950

 

Insurance expense

 

 

319

 

 

273

 

 

924

 

 

855

 

FDIC deposit insurance premiums

 

 

308

 

 

251

 

 

966

 

 

727

 

Foreclosed assets

 

 

10

 

 

113

 

 

14

 

 

(93

)

Acquisition and integration related costs

 

 

 

 

688

 

 

 

 

1,265

 

Other

 

 

1,925

 

 

2,081

 

 

6,073

 

 

5,877

 

​  

​  

​  

​  

​  

​  

​  

​  

Total noninterest expense

 

$

14,296

 

$

16,419

 

$

43,362

 

$

41,312

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  


  

(1)          Salaries and employee benefits included pre-tax severance and retention costs related to the Focus transaction of $2,177,000 for the three months ended September 30, 2015, and $2,887,000 for the nine months ended September 30, 2015.