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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and fees on loans $ 31,891 $ 26,034
Interest and dividends on securities 8,374 5,847
Interest on interest bearing deposits and other investments 510 290
TOTAL INTEREST INCOME 40,775 32,171
Interest on deposits 1,190 917
Interest on borrowed money 1,420 1,032
TOTAL INTEREST EXPENSE 2,610 1,949
NET INTEREST INCOME 38,165 30,222
Provision for loan losses 1,304 199
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 36,861 30,023
Noninterest income    
Other income 9,905 8,630
Securities gains, net (includes net gains of $0 and $47 in other comprehensive income reclassifications for the three months ended March 31, 2017 and 2016 respectively) 0 89
TOTAL NONINTEREST INCOME 9,905 8,719
TOTAL NONINTEREST EXPENSES 34,746 32,341
INCOME BEFORE INCOME TAXES 12,020 6,401
Provision for income taxes (includes $0 and $18 in income tax provision from reclassification items for the three months ended March 31, 2017 and 2016, respectively.) 4,094 2,435
NET INCOME $ 7,926 $ 3,966
PER SHARE COMMON STOCK:    
Net income diluted (in dollars per share) $ 0.20 $ 0.11
Net income basic (in dollars per share) 0.20 0.11
Cash dividends declared $ 0.00 $ 0.00
Average shares outstanding - diluted (in shares) 39,498,835 35,452,968
Average shares outstanding - basic (in shares) 38,839,284 34,848,875