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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income:      
Loans receivable, including fees $ 82,580 $ 70,510 $ 41,398
Loans held for sale 38,140 15,950 5,279
Investment securities 6,314 6,731 14,149
Other 482 352 419
Total interest income 127,516 93,543 61,245
Interest expense:      
Deposits 21,020 21,076 21,861
Other borrowings 1,988 69 66
FHLB advances 1,192 606 447
Federal funds purchased 101 10 2
Securities sold under repurchase agreements 0 0 88
Total interest expense 24,301 21,761 22,464
Net interest income 103,215 71,782 38,781
Provision for loan losses 2,236 14,270 7,495
Net interest income after provision for loan losses 100,979 57,512 31,286
Non-interest income:      
Mortgage warehouse transactional fees 12,962 12,289 5,581
Bank-owned life insurance 2,482 1,332 1,404
Gains on sales of investment securities 1,274 9,017 2,731
Mortgage banking income 1,142 0 0
Gains on sales of SBA loans 852 357 329
Deposit fees 675 481 436
Other 3,956 5,753 988
Total non-interest income 23,343 29,229 11,469
Non-interest expense:      
Salaries and employee benefits 35,493 23,846 16,602
Occupancy 8,829 6,816 4,286
FDIC assessments, taxes, and regulatory fees 5,568 3,037 2,366
Professional services 5,548 3,468 5,124
Technology, communication and bank operations 4,330 2,805 1,797
Loan workout 2,245 2,243 1,429
Loss contingency 2,000 0 0
Other real estate owned 1,365 (85) 809
Advertising and promotion 1,274 1,219 994
Merger related expenses 352 90 531
Stock offering expenses 0 1,437 0
Other 7,020 5,775 2,948
Total non-interest expense 74,024 50,651 36,886
Income before income tax expense 50,298 36,090 5,869
Income tax expense 17,604 12,272 1,835
Net income 32,694 23,818 4,034
Dividends on preferred stock 0 0 44
Net income available to common shareholders $ 32,694 $ 23,818 $ 3,990
Basic earnings per common share $ 1.47 $ 1.78 $ 0.40
Diluted earnings per common share $ 1.43 $ 1.73 $ 0.39