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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest and dividend income:        
Loans, including fees $ 32,019 $ 24,433 $ 63,184 $ 48,171
Investment securities:        
Taxable 6,403 3,440 12,202 6,262
Tax exempt 324 117 485 253
Dividends 977 154 1,313 308
Interest bearing cash at Federal Reserve and other banks 144 274 408 583
Total interest and dividend income 39,867 28,418 77,592 55,577
Interest expense:        
Deposits 854 768 1,753 1,550
Other borrowings 1 1 2 2
Junior subordinated debt 491 306 973 610
Total interest expense 1,346 1,075 2,728 2,162
Net interest income 38,521 27,343 74,864 53,415
(Benefit from) provision for loan losses (633) 1,708 (436) 353
Net interest income after provision for (benefit from) loan losses 39,154 25,635 75,300 53,062
Noninterest income:        
Service charges and fees 8,848 5,519 16,192 10,981
Gain on sale of loans 837 514 1,459 978
Commissions on sale of non-deposit investment products 784 843 1,749 1,614
Increase in cash value of life insurance 675 400 1,350 797
Other 936 601 1,510 1,802
Total noninterest income 12,080 7,877 22,260 16,172
Noninterest expense:        
Salaries and related benefits 17,242 13,317 35,342 26,620
Other 15,194 11,799 29,376 21,813
Total noninterest expense 32,436 25,116 64,718 48,433
Income before income taxes 18,798 8,396 32,842 20,801
Provision for income taxes 7,432 3,537 13,140 8,577
Net income $ 11,366 $ 4,859 $ 19,702 $ 12,224
Earnings per share:        
Basic $ 0.50 $ 0.30 $ 0.87 $ 0.76
Diluted $ 0.49 $ 0.30 $ 0.86 $ 0.75