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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
11 Months Ended 12 Months Ended 1 Months Ended
Dec. 31, 2012
Successor Company
Dec. 31, 2013
Successor Company
Jan. 31, 2012
Predecessor Company
Interest income      
Loans $ 39,717 $ 71,627 $ 3,807
Investment securities 3,717 7,026 395
Federal funds sold and interest-earning deposits 85 89 4
Total interest income 43,519 78,742 4,206
Interest expense      
Non-maturity deposits 1,873 2,008 205
Time deposits 3,213 4,195 325
Short-term borrowings 19 165 0
Long-term debt 1,065 2,285 103
Total interest expense 6,170 8,653 633
Net interest income 37,349 70,089 3,573
Provision for loan losses 5,159 5,469 195
Net interest income after provision for loan losses 32,190 64,620 3,378
Non-interest income      
Service charges and fees on deposit accounts 1,937 4,959 194
Mortgage banking income 3,164 2,265 225
Government-guaranteed lending 3,061 5,586 98
Bank-owned life insurance 760 1,226 70
Gain on sales of available for sale securities 1,251 1,215 0
Gain on acquisition 0 7,773 0
Other 1,154 2,156 70
Total non-interest income 11,327 25,180 657
Non-interest expense      
Salaries and employee benefits 21,249 36,486 1,737
Occupancy and equipment 4,868 9,052 396
Data processing 2,381 3,920 212
FDIC insurance premiums 927 1,486 141
Professional services 2,609 2,789 144
Foreclosed asset expenses 1,303 473 11
Loan, collection, and repossession expense 1,523 2,964 162
Advertising and business development 1,083 1,185 73
Printing, postage, and supplies 786 1,111 47
Merger and conversion costs 3,164 14,638 78
Other 3,317 6,508 235
Total non-interest expense 43,210 80,612 3,236
Income before income tax expense (benefit) 307 9,188 799
Income tax expense (benefit) (3,486) 2,014 270
Net income 3,793 7,174 529
Dividends and accretion on preferred stock 1,346 2,493 122
Net income available to common stockholders $ 2,447 $ 4,681 $ 407
Net income per common share      
Basic (in dollars per share) $ 0.07 $ 0.11 $ 0.01
Diluted (in dollars per share) $ 0.07 $ 0.11 $ 0.01
Weighted average common shares outstanding      
Basic (in shares) 35,724,513 43,473,096 35,511,770
Diluted (in shares) 35,796,731 43,636,498 35,534,050