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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Interest and fees on loans $ 44,505 $ 37,090 $ 88,022 $ 73,334
Interest on mortgage-backed securities 3,910 3,523 7,804 6,956
Interest and dividends on investment securities:        
Taxable 85 60 162 121
Tax-exempt 1,141 792 2,284 1,591
Interest on reverse mortgage loans 1,478 1,166 2,523 2,402
Other interest income 384 424 754 1,502
Total interest income 51,503 43,055 101,549 85,906
Interest expense:        
Interest on deposits 2,204 1,825 4,322 3,767
Interest on Federal Home Loan Bank advances 1,124 751 2,172 1,464
Interest on trust preferred borrowings 397 339 768 666
Interest on senior debt 1,175 941 2,117 1,883
Interest on other borrowings 189 109 400 219
Total interest expense 5,089 3,965 9,779 7,999
Net interest income 46,414 39,090 91,770 77,907
Provision for loan losses 1,254 3,773 2,034 4,559
Net interest income after provision for loan losses 45,160 35,317 89,736 73,348
Noninterest income:        
Credit/debit card and ATM income 7,253 6,462 14,154 12,489
Deposit service charges 4,342 4,099 8,618 8,004
Wealth management income 6,282 5,707 11,536 10,800
Mortgage banking activities, net 1,816 1,590 3,470 3,293
Securities gains, net 545 477 850 928
Loan fee income 480 469 957 932
Bank owned life insurance income 211 179 442 382
Other income 3,920 3,475 7,892 6,725
Total non interest income 24,849 22,458 47,919 43,553
Noninterest expense:        
Salaries, benefits and other compensation 23,509 20,345 46,385 41,355
Occupancy expense 3,955 3,637 8,225 7,515
Equipment expense 2,516 1,959 4,989 4,041
Data processing and operations expenses 1,522 1,459 3,064 2,881
Professional fees 2,934 1,753 5,337 3,225
FDIC expenses 773 687 1,611 1,356
Loan workout and OREO expenses 45 330 548 329
Marketing expense 801 1,007 1,465 1,591
Corporate development expense 549 686 1,118 1,282
Other operating expense 7,423 6,791 14,484 13,992
Total non interest expenses 44,027 38,654 87,226 77,567
Income before taxes 25,982 19,121 50,429 39,334
Income tax provision 8,504 6,887 17,181 14,211
Net income $ 17,478 $ 12,234 $ 33,248 $ 25,123
Earnings per share:        
Basic $ 0.59 $ 0.43 $ 1.12 $ 0.89
Diluted $ 0.58 $ 0.43 $ 1.10 $ 0.88