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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Loans secured by real estate $ 51,137 $ 47,358 $ 101,612 $ 93,009
C&I loans 474 6 515 11
Other loans 18 18 36 37
MBS 14 2 28 4
Investment securities 164 265 354 438
Other short-term investments 611 721 1,328 1,382
Total interest income 52,418 48,370 103,873 94,881
Interest expense:        
Deposits and escrow 9,509 7,597 19,016 14,391
Borrowed funds 4,856 5,163 9,317 10,249
Total interest expense 14,365 12,760 28,333 24,640
Net interest income 38,053 35,610 75,540 70,241
Provision for loan losses 1,047 442 1,497 421
Net interest income after provision for loan losses 37,006 35,168 74,043 69,820
Non-interest income:        
Service charges and other fees 919 758 1,713 1,443
Net mortgage banking income 65 27 81 55
Net gain on securities and other assets 59 33 134 79
Net (loss) gain on the sale of premises held for sale 0 (4) 0 68,183
Income from BOLI 551 1,043 1,096 1,603
Other 153 448 501 683
Total non-interest income 1,747 2,305 3,525 72,046
Non-interest expense:        
Salaries and employee benefits 9,341 9,532 19,661 19,240
Occupancy and equipment 3,500 3,115 7,128 5,742
Data processing costs 1,503 1,256 3,110 2,451
Marketing 1,466 1,178 2,932 2,355
Federal deposit insurance premiums 712 581 1,367 1,320
Other 2,947 2,430 6,040 4,853
Total non-interest expense 19,469 18,092 40,238 35,961
Income before income taxes 19,284 19,381 37,330 105,905
Income tax expense 7,295 8,173 14,184 44,660
Net income $ 11,989 $ 11,208 $ 23,146 $ 61,245
Earnings per Share:        
Basic (in dollars per share) $ 0.32 $ 0.30 $ 0.62 $ 1.67
Diluted (in dollars per share) $ 0.32 $ 0.30 $ 0.61 $ 1.67