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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and fees on loans $ 38,209 $ 29,244 $ 70,100 $ 55,278
Interest and dividends on securities 8,585 6,902 16,959 12,749
Interest on interest bearing deposits and other investments 604 433 1,114 723
TOTAL INTEREST INCOME 47,398 36,579 88,173 68,750
Interest on deposits 1,668 1,238 2,858 2,155
Interest on borrowed money 1,574 848 2,994 1,880
TOTAL INTEREST EXPENSE 3,242 2,086 5,852 4,035
NET INTEREST INCOME 44,156 34,493 82,321 64,715
Provision for loan losses 1,401 662 2,705 861
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 42,755 33,831 79,616 63,854
Noninterest income        
Other income 10,467 9,111 20,372 17,741
Securities gains, net (includes net gains (losses) of $23 and ($19) in other comprehensive income reclassifications for the three months ended June 30, 2017 and 2016, respectively, and net gains of $23 and $28 for the six months ended June 30, 2017 and 2016, respectively) 21 47 21 136
TOTAL NONINTEREST INCOME 10,488 9,158 20,393 17,877
TOTAL NONINTEREST EXPENSES 41,625 34,808 76,371 67,149
INCOME BEFORE INCOME TAXES 11,618 8,181 23,638 14,582
Provision for income taxes (includes $9 and $(7) in income tax provision (benefit) from reclassification items for the three months ended June 30, 2017 and 2016, respectively, and $9 and $11 in income tax provision for the six months ended June 30, 2017 and 2016, respectively). 3,942 2,849 8,036 5,284
NET INCOME $ 7,676 $ 5,332 $ 15,602 $ 9,298
PER SHARE COMMON STOCK:        
Net income diluted (in dollars per share) $ 0.18 $ 0.14 $ 0.38 $ 0.25
Net income basic (in dollars per share) 0.18 0.14 0.38 0.26
Cash dividends declared (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Average shares outstanding-diluted (in shares) 43,556,285 38,141,550 41,538,769 36,797,259
Average shares outstanding-basic (in shares) 42,841,152 37,470,071 40,851,273 36,159,473