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Consolidated Statements of Income - 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 receivable $ 60,362 $ 46,291 $ 173,847 $ 132,185
Loans held for sale 18,737 14,006 50,272 38,428
Investment securities 3,528 2,283 10,875 6,899
Other 1,585 1,156 3,937 4,625
Total interest income 84,212 63,736 238,931 182,137
Interest expense:        
Deposits 13,009 9,022 34,365 24,693
Other borrowings 1,642 1,539 4,867 4,523
FHLB advances 3,291 1,556 9,274 5,044
Subordinated debt 1,685 1,685 5,055 5,055
Total interest expense 19,627 13,802 53,561 39,315
Net interest income 64,585 49,934 185,370 142,822
Provision for loan losses 88 2,094 2,854 14,393
Net interest income after provision for loan losses 64,497 47,840 182,516 128,429
Non-interest income:        
Interchange and card revenue 11,547 128 13,806 390
Deposit fees 4,218 265 5,260 691
Mortgage warehouse transactional fees 3,080 2,792 8,702 7,864
Bank-owned life insurance 1,386 1,177 3,629 3,407
Gain on sale of loans 1,206 1,131 2,135 3,189
Mortgage loans and banking income 287 167 737 605
Gain (loss) on sale of investment securities (1) (16) 25 (85)
Other 5,763 527 6,943 2,236
Total non-interest income 27,486 6,171 41,237 18,297
Non-interest expense:        
Salaries and employee benefits 22,681 14,981 58,051 43,381
Technology, communication and bank operations 12,525 2,422 19,021 7,791
Professional services 7,006 2,673 13,213 7,378
FDIC assessments, taxes, and regulatory fees 2,726 3,222 11,191 7,495
Occupancy 2,450 2,169 7,248 6,469
Other real estate owned expense 1,192 1,722 1,663 2,026
Loan workout 592 285 1,497 541
Advertising and promotion 591 330 1,178 1,106
Acquisition related expenses 144 0 1,195 0
Other 6,311 2,503 14,049 7,245
Total non-interest expense 56,218 30,307 128,306 83,432
Income before income tax expense 35,765 23,704 95,447 63,294
Income tax expense 14,576 8,415 37,129 22,497
Net income 21,189 15,289 58,318 40,797
Preferred stock dividends 2,552 980 5,900 1,487
Net income available to common shareholders $ 18,637 $ 14,309 $ 52,418 $ 39,310
Basic earnings per common share (usd per share) $ 0.68 $ 0.53 $ 1.93 $ 1.47
Diluted earnings per common share (usd per share) $ 0.64 $ 0.50 $ 1.81 $ 1.37