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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 income        
Interest and fees on loans $ 30,217 $ 10,461 $ 59,531 $ 20,572
Interest and dividends on investment securities:        
Taxable 2,760 2,909 5,671 5,925
Tax-exempt 883 895 1,765 1,951
Dividends 280 136 500 290
Interest on federal funds sold and other short-term investments 41   84  
Total interest income 34,181 14,401 67,551 28,738
Interest expense        
Deposits 3,301 1,301 6,325 2,617
Borrowings 2,202 1,432 4,256 2,843
Total interest expense 5,503 2,733 10,581 5,460
Net interest income 28,678 11,668 56,970 23,278
Provision for loan and lease losses 1,550 284 3,375 909
Net interest income after provision for loan and lease losses 27,128 11,384 53,595 22,369
Noninterest income        
Annuities and insurance commissions 46 105 133 205
Bank-owned life insurance 388 256 774 511
Net gains on sale of loans held for sale 99 43 213 79
Deposit, loan and other income 458 746 921 1,461
Insurance recovery 2,224   2,224  
Net gains on sales of investment securities 221 574 726 1,989
Total noninterest income 3,436 1,724 4,991 4,245
Noninterest expenses        
Salaries and employee benefits 6,948 3,184 13,575 6,519
Occupancy and equipment 1,788 816 3,869 1,896
FDIC insurance 440 288 1,000 588
Professional and consulting 715 306 1,209 561
Marketing and advertising 193 27 387 67
Data processing 829 373 1,729 718
Merger-related expenses   729   1,789
Loss on extinguishment of debt 2,397   2,397  
Amortization of core deposit intangible 241   483  
Other expenses 1,423 1,021 2,955 2,105
Total noninterest expenses 14,974 6,744 27,604 14,240
Income before income tax expense 15,590 6,364 30,982 12,374
Income tax expense 5,069 1,986 10,081 3,598
Net income 10,521 4,378 20,901 8,776
Less: Preferred stock dividends 28 28 56 56
Net income available to common stockholders $ 10,493 $ 4,350 $ 20,845 $ 8,720
Earnings per common share:        
Basic (in Dollars per share) $ 0.35 $ 0.27 $ 0.70 $ 0.53
Diluted (in Dollars per share) $ 0.35 $ 0.26 $ 0.69 $ 0.53
Weighted average common shares outstanding:        
Basic (in Shares) 29,868,247 16,372,885 29,812,521 16,361,596
Diluted (in Shares) 30,231,480 16,430,376 30,203,682 16,422,339
Dividend per common share (in Dollars per share) $ 0.075 $ 0.075 $ 0.15 $ 0.15