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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
INTEREST INCOME:      
Loans receivable $ 359,612 $ 237,292 $ 177,541
Mortgage-backed securities 19,328 9,049 5,779
Securities and cash equivalents 12,537 8,092 7,341
Total interest income 391,477 254,433 190,661
INTEREST EXPENSE:      
Deposits 11,105 8,385 7,578
FHLB advances 953 311 125
Other borrowings 310 211 172
Junior subordinated debentures 4,040 3,247 2,914
Total interest expense 16,408 12,154 10,789
Net interest income before provision for loan losses 375,069 242,279 179,872
PROVISION FOR LOAN LOSSES 6,030 0 0
Net interest income 369,039 242,279 179,872
NON-INTEREST INCOME      
Deposit fees and other service charges 49,156 40,607 30,553
Mortgage banking operations 25,552 17,720 10,249
Bank Owned Life Insurance Income 4,538 2,497 1,809
Miscellaneous 6,001 2,821 1,885
Other operating income 85,247 63,645 44,496
Net gain (loss) on sale of securities 843 (540) 42
Net change in valuation of financial instruments carried at fair value (2,620) (813) 1,374
Acquisition bargain purchase gain 0 0 9,079
Total non-interest income 83,470 62,292 54,991
NON-INTEREST EXPENSE:      
Salary and employee benefits 180,883 127,282 89,778
Less capitalized loan origination costs (18,895) (14,379) (11,730)
Occupancy and equipment 45,000 30,366 22,743
Information/computer data services 19,281 12,110 8,131
Payment and card processing expenses 21,604 16,430 11,460
Professional services 8,120 4,828 3,753
Advertising and marketing 9,709 7,649 6,266
Deposit insurance 4,551 3,189 2,415
State/municipal business and use taxes 3,516 1,889 1,437
REO operations 175 397 (446)
Amortization of core deposit intangibles 7,061 3,164 1,990
Miscellaneous 30,131 17,565 13,619
Total other operating expense, before acquisition related costs 311,136 210,490 149,416
Acquisition related costs 11,733 26,110 4,325
Total non-interest expense 322,869 236,600 153,741
Income before provision for income taxes 129,640 67,971 81,122
PROVISION FOR INCOME TAXES 44,255 22,749 27,052
NET INCOME $ 85,385 $ 45,222 $ 54,070
Earnings per common share      
Basic (in dollars per share) $ 2.52 $ 1.90 $ 2.79
Diluted (in dollars per share) 2.52 1.89 2.79
Cumulative dividends declared per common share (in dollars per share) $ 0.88 $ 0.72 $ 0.72
Weighted average number of common shares outstanding:      
Basic 33,820,148 23,801,373 19,359,409
Diluted 33,853,511 23,866,621 19,402,656