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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Loans (including fee income) $ 29,228 $ 18,471 $ 57,177 $ 34,961
Mortgage-backed securities, CMOs and other asset-backed securities 3,648 2,468 7,497 5,035
U.S. GSE securities 296 381 652 786
State and municipal obligations 943 747 1,837 1,493
Corporate Bonds 279 184 556 369
Deposits with banks 35 11 72 18
Other interest and dividend income 304 118 549 225
Total interest income 34,733 22,380 68,340 42,887
Interest expense:        
Savings, NOW and money market deposits 1,289 832 2,567 1,605
Certificates of deposit of $100,000 or more 116 217 331 407
Other time deposits 123 131 317 243
Federal funds purchased and repurchase agreements 293 92 478 238
Federal Home Loan Bank advances 844 339 1,671 589
Subordinated debentures 1,135   2,270  
Junior subordinated debentures 343 342 684 683
Total interest expense 4,143 1,953 8,318 3,765
Net interest income 30,590 20,427 60,022 39,122
Provision for loan losses 900 700 2,150 1,500
Net interest income after provision for loan losses 29,690 19,727 57,872 37,622
Non interest income:        
Service charges on deposit accounts 1,060 863 2,133 1,716
Fees for other customer services 1,031 788 1,950 1,386
Net securities gains (losses) 383   449 (10)
Title fee income 437 492 914 955
Other operating income 1,358 384 2,818 1,284
Total non interest income 4,269 2,527 8,264 5,331
Non interest expense:        
Salaries and employee benefits 10,616 7,557 21,153 15,080
Occupancy and equipment 3,259 2,257 6,183 4,460
Technology and communications 1,318 823 2,403 1,613
Marketing and advertising 1,209 850 1,966 1,423
Professional services 1,039 565 2,047 1,086
FDIC assessments 537 308 1,045 619
Acquisition costs   8,204 (270) 8,379
Amortization of other intangible assets 672 45 1,348 93
Other operating expenses 1,791 1,425 3,473 2,591
Total non interest expense 20,441 22,034 39,348 35,344
Income before income taxes 13,518 220 26,788 7,609
Income tax expense 4,664 (243) 9,308 2,383
Net income $ 8,854 $ 463 $ 17,480 $ 5,226
Basic earnings per share (in dollars per share) $ 0.51 $ 0.04 $ 1.00 $ 0.43
Diluted earnings per share (in dollars per share) $ 0.50 $ 0.04 $ 0.99 $ 0.43