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CONSOLIDATED INCOME STATEMENTS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Loans $ 22,231 $ 15,634 $ 61,362 $ 41,097
Securities AFS 3,202 1,107 9,423 2,744
Fed funds sold, FHLB stock and deposits 571 367 1,490 1,418
Total interest income 26,004 17,108 72,275 45,259
Interest expense:        
Deposits 2,426 1,328 6,194 3,366
Borrowings 415 319 1,636 1,137
Total interest expense 2,841 1,647 7,830 4,503
Net interest income 23,163 15,461 64,445 40,756
Provision for loan losses 1,231 570 2,881 1,473
Net interest income after provision for loan losses 21,932 14,891 61,564 39,283
Noninterest income:        
Asset management, consulting and other fees 6,141 5,870 18,127 17,642
Gain on sale of loans 7,238 205 7,238 205
Gain (loss) on capital markets activities 993 (2) (1,055) (28)
Other income 707 795 2,664 1,673
Total noninterest income 15,079 6,868 26,974 19,492
Noninterest expense:        
Compensation and benefits 12,059 10,870 36,707 29,440
Occupancy and depreciation 3,072 2,561 8,783 6,486
Professional services and marketing costs 3,525 1,481 7,808 4,051
Other expenses 2,880 2,044 7,505 4,311
Total noninterest expense 21,536 16,956 60,803 44,288
Income before taxes on income 15,475 4,803 27,735 14,487
Taxes on income 5,800 2,041 10,949 6,157
Net income $ 9,675 $ 2,762 $ 16,786 $ 8,330
Net income per share:        
Basic $ 0.60 $ 0.22 $ 1.04 $ 0.87
Diluted $ 0.58 $ 0.21 $ 1.01 $ 0.84
Shares used to compute net income per share:        
Basic 16,257,008 12,623,924 16,132,112 9,534,056
Diluted 16,787,947 13,074,935 16,682,807 9,929,445