XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest and fees on loans $ 31,932 $ 25,276 $ 87,210 $ 69,285
Interest and dividends on securities 7,253 5,298 20,002 15,470
Interest on interest bearing deposits and other investments 429 249 1,152 747
TOTAL INTEREST INCOME 39,614 30,823 108,364 85,502
Interest on deposits 1,292 857 3,447 2,450
Interest on borrowed money 874 955 2,754 2,665
TOTAL INTEREST EXPENSE 2,166 1,812 6,201 5,115
NET INTEREST INCOME 37,448 29,011 102,163 80,387
Provision for loan losses 550 987 1,411 2,275
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 36,898 28,024 100,752 78,112
Noninterest income        
Noninterest income, excluding securities gains 9,764 8,082 27,505 24,236
Securities gains, net (includes net losses of $(648) and $(494) in other comprehensive income reclassifications for the three months ended September 30, 2016 and 2015 respectively, and net losses of $(620) and $(325) for the nine months ended September 30, 2016 and 2015, respectively.) 225 160 361 160
TOTAL NONINTEREST INCOME (see NOTE H) 9,989 8,242 27,866 24,396
Noninterest expenses        
TOTAL NONINTEREST EXPENSE (see NOTE H) 33,435 29,127 100,584 76,601
INCOME BEFORE INCOME TAXES 13,452 7,139 28,034 25,907
Provision for income taxes (includes $(250) and $(191) in income tax benefit from reclassification items for the three months ended September 30, 2016 and 2015, respectively, and $(239) and $(125) in income tax benefit for the nine months ended September 30, 2016 and 2015, respectively.) 4,319 2,698 9,603 9,802
NET INCOME $ 9,133 $ 4,441 $ 18,431 $ 16,105
PER SHARE COMMON STOCK:        
Net income diluted (in dollars per share) $ 0.24 $ 0.13 $ 0.49 $ 0.48
Net income basic (in dollars per share) 0.24 0.13 0.5 0.48
Cash dividends declared $ 0 $ 0 $ 0 $ 0
Average shares outstanding - diluted (in shares) 38,169,863 34,193,540 37,258,133 33,524,718
Average shares outstanding - basic (in shares) 37,549,804 33,907,178 36,626,290 33,286,933