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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income:    
Loans secured by real estate $ 45,651 $ 41,788
Other loans 24 24
Mortgage-backed securities 2 181
Investment securities 173 169
Federal funds sold and other short-term investments 661 650
Total interest income 46,511 42,812
Interest expense:    
Deposits and escrow 6,794 5,220
Borrowed funds 5,086 7,498
Total interest expense 11,880 12,718
Net interest income 34,631 30,094
Credit for loan losses (21) (172)
Net interest income after credit for loan losses 34,652 30,266
Non-interest income:    
Service charges and other fees 685 750
Net mortgage banking income 28 72
Net gain on securities and other assets 46 1,450
Net gain on the sale of premises held for sale 68,187 0
Income from BOLI 560 606
Other 235 423
Total non-interest income 69,741 3,301
Non-interest expense:    
Salaries and employee benefits 8,830 5,900
Stock benefit plan amortization expense 878 941
Occupancy and equipment 2,627 2,944
Data processing costs 1,195 875
Federal deposit insurance premiums 739 551
Other 3,600 2,653
Total non-interest expense 17,869 13,864
Income before income taxes 86,524 19,703
Income tax expense 36,487 7,925
Net income $ 50,037 $ 11,778
Earnings per Share:    
Basic (in dollars per share) $ 1.37 $ 0.33
Diluted (in dollars per share) $ 1.36 $ 0.33