XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED INCOME STATEMENTS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Loans $ 53,345 $ 31,236 $ 135,851 $ 87,709
Securities AFS 3,579 3,023 10,576 9,180
Fed funds sold, FHLB stock and deposits 1,123 619 3,437 2,001
Total interest income 58,047 34,878 149,864 98,890
Interest expense:        
Deposits 11,442 4,899 25,398 12,103
Borrowings 2,879 1,539 10,221 4,394
Total interest expense 14,321 6,438 35,619 16,497
Net interest income 43,726 28,440 114,245 82,393
Provision for loan losses 9 701 4,147 1,862
Net interest income after provision for loan losses 43,717 27,739 110,098 80,531
Noninterest income:        
Gain on sale of loans 1,364 1,962 419 4,312
Other income 2,512 1,001 5,154 3,359
Total noninterest income 11,104 9,863 27,070 27,343
Noninterest expense:        
Compensation and benefits 17,577 14,117 51,391 42,855
Occupancy and depreciation 5,590 3,801 14,524 11,094
Professional services and marketing costs 2,271 1,479 6,580 5,115
Customer service costs 4,854 2,229 11,449 4,241
Other expenses 3,675 1,767 12,993 7,010
Total noninterest expense 33,967 23,393 96,937 70,315
Income before taxes on income 20,854 14,209 40,231 37,559
Taxes on income 6,147 4,629 11,402 12,250
Net income $ 14,707 $ 9,580 $ 28,829 $ 25,309
Net income per share:        
Basic $ 0.33 $ 0.28 $ 0.70 $ 0.75
Diluted $ 0.33 $ 0.27 $ 0.69 $ 0.73
Shares used to compute net income per share:        
Basic 44,405,094 34,565,949 41,288,804 33,671,327
Diluted 44,852,107 35,259,632 41,790,656 34,599,813
Asset Management, Consulting and Other Fees        
Noninterest income:        
Revenue from contract with customers $ 7,228 $ 6,900 $ 21,497 $ 19,672