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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income        
Interest and fees on loans $ 32,276 $ 28,098 $ 91,807 $ 48,670
Interest and dividends on investment securities:        
Taxable 2,669 2,916 8,340 8,840
Tax-exempt 901 892 2,666 2,840
Dividends 297 349 797 639
Interest on federal funds sold and other short-term investments 43 88 127 88
Total interest income 36,186 32,343 103,737 61,077
Interest expense        
Deposits 3,655 2,725 9,980 5,343
Borrowings 2,804 2,072 7,060 4,914
Total interest expense 6,459 4,797 17,040 10,257
Net interest income 29,727 27,546 86,697 50,820
Provision for loan and lease losses 4,175 1,300 7,550 2,209
Net interest income after provision for loan and lease losses 25,552 26,246 79,147 48,611
Noninterest income        
Annuities and insurance commissions 77 94 210 299
Bank-owned life insurance 388 401 1,162 912
Net gains on sale of loans held for sale 63 65 276 144
Deposit, loan and other income 1,224 502 2,145 1,967
Insurance recovery     2,224  
Net gains on sales of investment securities 2,067 111 2,793 2,100
Total noninterest income 3,819 1,173 8,810 5,422
Noninterest expenses        
Salaries and employee benefits 6,905 6,243 20,480 13,153
Occupancy and equipment 1,916 1,781 5,785 3,658
FDIC insurance 535 504 1,535 1,092
Professional and consulting 836 530 2,045 1,289
Marketing and advertising 247 209 634 276
Data processing 957 902 2,686 1,761
Merger-related expenses   8,784   10,573
Loss on extinguishment of debt   4,550 2,397 4,550
Amortization of core deposit intangible 217 248 700 260
Other expenses 1,688 1,649 4,643 3,028
Total noninterest expenses 13,301 25,400 40,905 39,640
Income before income tax expense 16,070 2,019 47,052 14,393
Income tax expense 5,228 253 15,309 3,851
Net income 10,842 1,766 31,743 10,542
Less: Preferred stock dividends 28 28 84 84
Net income available to common stockholders $ 10,814 $ 1,738 $ 31,659 $ 10,458
Earnings per common share:        
Basic (in Dollars per share) $ 0.36 $ 0.06 $ 1.06 $ 0.50
Diluted (in Dollars per share) $ 0.36 $ 0.06 $ 1.04 $ 0.49
Weighted average common shares outstanding:        
Basic (in Shares) 30,045,818 29,636,001 29,786,374 20,819,241
Diluted (in Shares) 30,335,571 30,108,103 30,323,376 21,285,452
Dividend per common share (in Dollars per share) $ 0.075 $ 0.075 $ 0.225 $ 0.225