XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Mar. 31, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME          
Loans $ 63,554 $ 42,436 $ 39,035 $ 105,990 $ 74,442
Investment securities and other interest-earning assets 5,179 2,991 1,839 8,170 3,937
Total interest income 68,733 45,427 40,874 114,160 78,379
INTEREST EXPENSE          
Deposits 3,081 2,135 2,010 5,216 4,079
FHLB advances and other borrowings 1,175 604 324 1,779 649
Subordinated debentures 1,139 985 979 2,124 1,889
Total interest expense 5,395 3,724 3,313 9,119 6,617
Net interest income before provision for loan losses 63,338 41,703 37,561 105,041 71,762
Provision for loan losses 1,904 2,502 1,589 4,406 2,709
Net interest income after provision for loan losses 61,434 39,201 35,972 100,635 69,053
NONINTEREST INCOME          
Loan servicing fees 143 222 256 365 481
Deposit fees 1,646 847 817 2,493 1,645
Net gain from sales of loans 2,887 2,811 2,124 5,698 4,030
Net gain from sales of investment securities 2,093 0 532 2,093 1,285
Net gain from other real estate owned 94 0 18 94 18
Other income 1,896 803 703 2,699 1,839
Total noninterest income 8,759 4,683 4,450 13,442 9,298
NONINTEREST EXPENSE          
Compensation and benefits 21,623 14,887 13,098 36,510 24,837
Premises and occupancy 3,733 2,453 2,447 6,186 4,730
Data processing 2,439 1,187 887 3,626 1,798
Other real estate owned operations, net 44 12 (15) 56 (7)
FDIC insurance premiums 818 455 401 1,273 783
Legal, audit and professional expense 1,178 857 446 2,035 1,311
Marketing expense 1,006 818 803 1,824 1,433
Office, telecommunications and postage expense 922 433 573 1,355 1,054
Loan expense 1,068 468 540 1,536 943
Deposit expense 1,669 1,444 1,196 3,113 2,201
Merger-related expense 10,117 4,946 497 15,063 3,616
CDI amortization 1,761 511 645 2,272 989
Other expense 2,118 1,276 2,177 3,394 3,640
Total noninterest expense 48,496 29,747 23,695 78,243 47,328
Net income before income taxes 21,697 14,137 16,727 35,834 31,023
Income tax 7,521 4,616 6,358 12,137 12,100
Net Income $ 14,176 $ 9,521 $ 10,369 $ 23,697 $ 18,923
EARNINGS PER SHARE          
Basic (in dollars per share) $ 0.36 $ 0.35 $ 0.38 $ 0.71 $ 0.72
Diluted (in dollars per share) $ 0.35 $ 0.34 $ 0.37 $ 0.69 $ 0.70
WEIGHTED AVERAGE SHARES OUTSTANDING          
Basic (in shares) 39,586,524 27,528,940 27,378,930 33,591,040 26,467,292
Diluted (in shares) 40,267,220 28,197,220 27,845,490 34,267,215 26,901,627