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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 24,306 $ 11,647 $ 60,251 $ 33,877
Interest on federal funds sold and bank balances 394 98 746 264
Interest and dividends on securities 2,992 1,033 7,388 2,954
Total interest and dividend income 27,692 12,778 68,385 37,095
INTEREST EXPENSE        
Interest on deposits 2,639 1,349 6,560 3,774
Interest on other borrowings 459 286 1,366 867
Total interest expense 3,098 1,635 7,926 4,641
Net interest income 24,594 11,143 60,459 32,454
Provision for loan losses 900 750 3,200 870
Net interest income after provision for loan losses 23,694 10,393 57,259 31,584
NONINTEREST INCOME        
Service charges and fees 560 249 1,509 748
Gain on sale of loans 5,594 8,316 14,985 19,419
Other income 2,369 120 6,917 4,510
Total noninterest income 8,523 8,685 23,411 24,677
NONINTEREST EXPENSE        
Salaries and benefits 11,100 8,208 31,800 24,283
Occupancy and equipment 3,019 768 5,820 2,278
Other operating expenses 8,674 3,193 23,594 9,040
Total noninterest expense 22,793 12,169 61,214 35,601
Income before income taxes 9,424 6,909 19,456 20,660
Income tax expense 2,422 2,484 6,001 7,262
NET INCOME $ 7,002 $ 4,425 $ 13,455 $ 13,398
Earnings per common share:        
Basic (in dollars per share) $ 0.34 $ 0.42 $ 0.77 $ 1.27
Diluted (in dollars per share) $ 0.34 $ 0.41 $ 0.77 $ 1.26
Average outstanding shares:        
Basic (in shares) 20,409,696 10,595,599 17,156,521 10,575,088
Diluted (in shares) 20,508,875 10,689,167 17,273,367 10,644,897