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Consolidated Statements of Earnings and Comprehensive Income/(Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income        
Interest and fees on loans $ 39,838 $ 35,297 $ 78,456 $ 69,766
Interest on taxable securities 3,747 2,953 6,900 5,938
Interest on nontaxable securities 462 312 931 647
Interest on deposits in other banks and federal funds sold 182 45 310 129
Total interest income 44,229 38,607 86,597 76,480
Interest expense        
Interest on deposits 2,264 2,205 4,544 4,388
Interest on other borrowings 1,277 1,138 2,533 2,344
Total interest expense 3,541 3,343 7,077 6,732
Net interest income 40,688 35,264 79,520 69,748
Provision for loan losses 2,656 1,365 3,725 3,091
Net interest income after provision for loan losses 38,032 33,899 75,795 66,657
Noninterest income        
Service charges on deposit accounts 7,151 5,847 13,580 11,433
Mortgage banking activity 9,727 7,002 17,810 12,166
Other service charges, commissions and fees 829 662 1,497 1,314
Gain on sale of securities 10   22 6
Other noninterest income 2,909 2,308 5,292 3,654
Total noninterest income 20,626 15,819 38,201 28,573
Noninterest expense        
Salaries and employee benefits 22,465 16,942 43,097 34,336
Occupancy and equipment 4,809 4,071 9,363 8,135
Advertising and marketing expenses 833 718 1,474 1,428
Amortization of intangible assets 630 437 1,260 970
Data processing and communications costs 4,214 3,940 8,474 7,394
Credit resolution-related expenses 11,240 2,840 14,401 5,030
Merger and conversion charges 5,712 2,872 5,727 3,322
Other noninterest expenses 6,961 5,498 13,895 9,942
Total noninterest expense 56,864 37,318 97,691 70,557
Income (loss) before income tax expense (benefit) 1,794 12,400 16,305 24,673
Income tax expense 486 4,270 5,233 8,193
Net income 1,308 8,130 11,072 16,480
Less preferred stock dividends and discount accretion       286
Net income available to common shareholders 1,308 8,130 11,072 16,194
Other comprehensive income (loss)        
Unrealized holding gains (losses) arising during period on investment securities available for sale, net of tax of $1,901, $1,142, $1,561 and $2,724 (3,531) 2,121 (2,881) 5,059
Reclassification adjustment for gains included in earnings, net of tax of $3, $0, $8 and $2 (6)   (14) (4)
Unrealized gains (losses) on cash flow hedges arising during period, net of tax of $138, $200, $70 and $344 256 (372) (131) (638)
Other comprehensive income (loss) (3,281) 1,749 (3,026) 4,417
Total comprehensive income (loss) $ (1,973) $ 9,879 $ 8,046 $ 20,897
Basic earnings per common share $ 0.04 $ 0.32 $ 0.35 $ 0.64
Diluted earnings per common share 0.04 0.32 0.35 0.63
Dividends declared per common share $ 0.05 $ 0.05 $ 0.10 $ 0.05
Weighted average common shares outstanding        
Basic 32,184 25,181 31,318 25,163
Diluted 32,520 25,572 31,653 25,552