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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income        
Loans $ 41,667 $ 20,424 $ 81,453 $ 51,696
Investment securities 3,756 1,846 7,733 4,666
Federal funds sold and interest-earning deposits 38 33 90 70
Total interest income 45,461 22,303 89,276 56,432
Interest expense        
Deposits 2,374 1,621 5,690 4,542
Short-term borrowings 65 46 238 100
Long-term debt 1,510 654 3,571 1,237
Total interest expense 3,949 2,321 9,499 5,879
Net interest income 41,512 19,982 79,777 50,553
Provision for loan losses 816 1,280 2,570 4,712
Net interest income after provision for loan losses 40,696 18,702 77,207 45,841
Non-interest income        
Service charges and fees on deposit accounts 3,265 1,512 6,068 3,552
Government-guaranteed lending 2,072 1,525 6,533 3,702
Mortgage banking 1,520 310 2,368 1,797
Bank-owned life insurance 572 324 1,267 829
Gain (loss) on sales of available for sale securities (96) 0 122 1,214
Gain on Sale of Investments 415 0 415 0
Business Combination, Bargain Purchase, Gain Recognized, Amount 0 0 0 7,382
Other 1,313 866 2,582 1,760
Total non-interest income 9,061 4,537 19,355 20,236
Non-interest expense        
Salaries and employee benefits 16,800 10,132 34,555 27,706
Occupancy and equipment 4,856 2,517 10,066 6,518
Data processing 1,255 1,104 3,276 2,824
FDIC deposit insurance premiums 700 423 1,455 1,050
Professional services 1,153 621 2,512 2,019
Foreclosed asset expenses, net 129 202 542 463
Loan, collection, and repossession expense 1,192 909 2,226 2,171
Merger and conversion costs 17,270 488 20,547 14,050
Restructuring charges 180 0 1,109 0
Amortization of intangible assets 845 230 1,296 570
Other 3,807 2,317 7,778 6,129
Total non-interest expense 48,187 18,943 85,362 63,500
Income before income taxes 1,570 4,296 11,200 2,577
Income tax expense (benefit) 621 2,997 4,806 (206)
Net income 949 1,299 6,394 2,783
Dividends on preferred stock 630 0 630 0
Net income attributable to non-controlling interests 0 820 2,466 2,365
Net income available to common shareholders $ 319 $ 479 $ 3,298 $ 418
Net income per common share        
Basic (in dollars per share) $ 0.01 $ 0.05 $ 0.20 $ 0.05
Diluted (in dollars per share) $ 0.01 $ 0.05 $ 0.20 $ 0.05
Weighted average common shares outstanding        
Basic (in shares) 31,597,659 9,219,406 16,760,777 9,219,406
Diluted (in shares) 31,602,192 9,219,406 16,762,304 9,219,406