XML 20 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income      
Loans $ 161,525 $ 122,613 $ 71,975
Investment securities 16,982 11,791 7,026
Federal funds sold and interest-earning deposits 196 144 89
Total interest income 178,703 134,548 79,090
Interest expense      
Deposits 12,009 8,404 6,203
Short-term borrowings 1,546 406 165
Long-term debt 5,998 5,170 2,285
Total interest expense 19,553 13,980 8,653
Net interest income 159,150 120,568 70,437
Provision for loan losses 6,245 3,413 5,469
Net interest income after provision for loan losses 152,905 117,155 64,968
Non-interest income      
Service charges and fees on deposit accounts 13,750 9,574 4,959
Government-guaranteed lending 12,729 9,450 5,586
Mortgage banking 6,257 3,370 2,265
Bank-owned life insurance 1,873 1,784 1,226
Gain on sales of available for sale securities 0 126 1,215
Gains on sales of branches 88 415 0
Gain on acquisition 0 0 7,382
Other 5,706 4,198 2,156
Total non-interest income 40,403 28,917 24,789
Non-interest expense      
Salaries and employee benefits 60,898 51,342 37,255
Occupancy and equipment 18,799 15,075 9,133
Data processing 7,599 5,235 3,920
FDIC deposit insurance premiums 2,892 2,091 1,486
Professional services 4,556 3,943 2,857
Foreclosed asset expenses, net 1,276 671 473
Loan, collection, and repossession expense 3,643 3,075 2,974
Merger and conversion costs 1,102 22,136 14,650
Restructuring charges 3,533 1,142 0
Amortization of other intangible assets 3,098 2,157 800
Other 15,290 12,087 8,322
Total non-interest expense 122,686 118,954 81,870
Income before income taxes 70,622 27,118 7,887
Income tax expense 25,995 5,413 2,014
Net income 44,627 21,705 5,873
Dividends on preferred stock 822 1,269 0
Net income attributable to non-controlling interests 0 2,466 3,601
Net income available to common shareholders $ 43,805 $ 17,970 $ 2,272
Net income per common share      
Basic (in dollars per share) $ 1.39 $ 0.88 $ 0.25
Diluted (in dollars per share) $ 1.38 $ 0.88 $ 0.25
Weighted average common shares outstanding      
Basic (in shares) 31,610,733 20,500,519 9,219,406
Diluted (in shares) 31,695,808 20,505,142 9,219,406