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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income    
Loans $ 47,971 $ 39,796
Investment securities 6,113 3,996
Federal funds sold and interest-earning deposits 103 50
Total interest income 54,187 43,842
Interest expense    
Deposits 3,467 2,889
Short-term borrowings 808 289
Long-term debt 1,867 1,488
Total interest expense 6,142 4,666
Net interest income 48,045 39,176
Provision for loan losses 1,875 961
Net interest income after provision for loan losses 46,170 38,215
Non-interest income    
Service charges and fees on deposit accounts 4,212 3,253
Government-guaranteed lending 3,072 2,873
Mortgage banking 1,623 1,322
Bank-owned life insurance 552 472
Gain on sales of available for sale securities 130 1
Other 1,765 918
Total non-interest income 11,354 8,839
Non-interest expense    
Salaries and employee benefits 18,040 15,202
Occupancy and equipment 5,535 4,799
Data processing 2,140 1,888
FDIC deposit insurance premiums 821 714
Professional services 1,108 1,092
Foreclosed asset expenses, net 311 188
Loan, collection, and repossession expense 1,133 936
Merger and conversion costs 10,335 220
Restructuring charges 21 907
Amortization of other intangible assets 1,053 815
Other 4,307 4,197
Total non-interest expense 44,804 30,958
Income before income taxes 12,720 16,096
Income tax expense 4,920 5,846
Net income 7,800 10,250
Dividends on preferred stock 0 639
Net income available to common shareholders $ 7,800 $ 9,611
Net income per common share    
Basic (in dollars per share) $ 0.20 $ 0.30
Diluted (in dollars per share) $ 0.20 $ 0.30
Weighted average common shares outstanding    
Basic (in shares) 38,102,926 31,606,909
Diluted (in shares) 38,194,964 31,608,928