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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
INTEREST INCOME:    
Loans receivable $ 86,958 $ 46,365
Mortgage-backed securities 5,390 1,027
Securities and cash equivalents 2,953 1,677
Total interest income 95,301 49,069
INTEREST EXPENSE:    
Deposits 2,946 1,733
FHLB advances 279 17
Other borrowings 75 43
Junior subordinated debentures 958 740
Total interest expense 4,258 2,533
Net interest income before provision for loan losses 91,043 46,536
PROVISION FOR LOAN LOSSES 0 0
Net interest income 91,043 46,536
NON-INTEREST INCOME:    
Deposit fees and other service charges 11,818 8,126
Mortgage banking operations 5,643 4,109
Bank-owned life insurance (BOLI) 1,185 438
Miscellaneous 1,263 483
Other operating income 19,909 13,156
Gain (loss) on sale of securities 21 (510)
Net change in valuation of financial instruments carried at fair value 29 1,050
Total non-interest income 19,959 13,696
NON-INTEREST EXPENSE:    
Salary and employee benefits 46,564 24,287
Less capitalized loan origination costs (4,250) (2,838)
Occupancy and equipment 10,388 6,006
Information/computer data services 4,920 2,253
Payment and card processing expenses 4,785 3,016
Professional services 2,614 814
Advertising and marketing 1,734 1,610
Deposit insurance 1,338 567
State/municipal business and use taxes 838 453
REO operations 397 24
Amortization of core deposit intangibles 1,808 616
Miscellaneous 6,085 3,458
Operating expenses, before acquisition-related costs 77,221 40,266
Acquisition-related costs 6,813 1,648
Total non-interest expense 84,034 41,914
Income before provision for income taxes 26,968 18,318
PROVISION FOR INCOME TAXES 9,194 6,184
NET INCOME $ 17,774 $ 12,134
Earnings per common share:    
Basic $ 0.52 $ 0.61
Diluted 0.52 0.61
Cumulative dividends declared per common share $ 0.21 $ 0.18
Weighted average number of common shares outstanding, Basic 34,023,800 19,760,645
Weighted average number of common shares outstanding, Diluted 34,103,727 19,845,019