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Consolidated Statements of Operations (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest and dividend income    
Loans, including fees $ 41,530,000 $ 18,537,000
Securities 924,000 498,000
Dividends and other interest-earning assets 322,000 133,000
Total interest and dividend income 42,776,000 19,168,000
Interest expense    
Deposits 5,735,000 1,999,000
Federal Home Loan Bank advances 100,000 63,000
Notes payable and other interest-bearing liabilities 1,756,000 1,747,000
Total interest expense 7,591,000 3,809,000
Net interest income 35,185,000 15,359,000
Provision for loan and lease losses 1,929,000 2,168,000
Net interest income after provision for loan and lease losses 33,256,000 13,191,000
Noninterest income    
Customer service fees 253,000 546,000
Loan servicing income 1,253,000 188,000
Income from bank owned life insurance 47,000 38,000
Net gain (loss) on sales of securities available for sale 507,000 308,000
Net gain on sale of loans 2,603,000 312,000
Net gain on mortgage banking activities 17,324,000 16,370,000
Other income 3,291,000 166,000
Total noninterest income 25,278,000 17,928,000
Noninterest expense    
Salaries and employee benefits 34,681,000 19,080,000
Occupancy and equipment 8,537,000 3,193,000
Professional fees 3,865,000 2,297,000
Data processing 791,000 910,000
Advertising 1,075,000 522,000
Regulatory assessments 941,000 381,000
Loan servicing and foreclosure expense 175,000 204,000
Operating loss on equity investment 174,000 159,000
Valuation allowance for other real estate owned   79,000
Net (gain) loss on sales of other real estate owned   (114,000)
Provision for loan repurchases 571,000 256,000
Amortization of intangible assets 939,000 367,000
All other expense 6,019,000 2,224,000
Total noninterest expense 57,768,000 29,558,000
Income before income taxes 766,000 1,561,000
Income tax expense 9,000 632,000
Net income 757,000 929,000
Preferred stock dividends 910,000 288,000
Net income (loss) available to common shareholders $ (153,000) $ 641,000
Basic earnings (loss) per common share $ (0.01) $ 0.05
Diluted earnings (loss) per common share $ (0.01) $ 0.05
Class B Non-Voting Non-Convertible Common Stock
   
Noninterest expense    
Basic earnings (loss) per common share $ (0.01) $ 0.05
Diluted earnings (loss) per common share $ (0.01) $ 0.05