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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income        
Loans $ 65,980 $ 40,300 $ 178,296 $ 120,500
Investment securities 6,618 3,957 19,962 11,739
Federal funds sold and interest-earning deposits 101 47 285 142
Total interest income 72,699 44,304 198,543 132,381
Interest expense        
Deposits 4,803 3,097 12,703 9,059
Short-term borrowings 1,690 437 3,858 1,057
Long-term debt 2,215 1,465 6,457 4,457
Total interest expense 8,708 4,999 23,018 14,573
Net interest income 63,991 39,305 175,525 117,808
Provision for loan losses 2,997 1,576 7,170 3,531
Net interest income after provision for loan losses 60,994 37,729 168,355 114,277
Non-interest income        
Service charges and fees on deposit accounts 5,757 3,566 15,764 10,314
Government-guaranteed lending 3,600 3,009 9,352 9,559
Mortgage banking 4,223 1,731 9,696 4,686
Bank-owned life insurance 1,427 470 2,712 1,407
Gain on sales of available for sale securities 0 0 194 85
Gain on sale of trust business 0 0 417 0
Other 1,782 2,022 5,645 4,386
Total non-interest income 16,789 10,798 43,780 30,437
Non-interest expense        
Salaries and employee benefits 23,102 14,528 64,081 45,121
Occupancy and equipment 7,041 4,641 19,891 14,077
Data processing 2,779 1,851 7,702 5,668
FDIC deposit insurance premiums 1,473 732 3,064 2,218
Professional services 1,426 1,196 4,081 3,695
Foreclosed asset expenses, net 342 277 790 910
Loan, collection, and repossession expense 1,133 931 3,270 2,717
Merger and conversion costs 7,177 104 24,043 299
Restructuring charges 0 50 46 3,251
Amortization of other intangible assets 1,628 761 4,352 2,353
Other 4,957 3,777 14,747 11,813
Total non-interest expense 51,058 28,848 146,067 92,122
Income before income taxes 26,725 19,679 66,068 52,592
Income tax expense 10,439 7,891 24,578 19,813
Net income 16,286 11,788 41,490 32,779
Dividends on preferred stock 0 0 0 822
Net income available to common shareholders $ 16,286 $ 11,788 $ 41,490 $ 31,957
Net income per common share        
Basic (in dollars per share) $ 0.32 $ 0.37 $ 0.88 $ 1.01
Diluted (in dollars per share) $ 0.32 $ 0.37 $ 0.88 $ 1.01
Weighted average common shares outstanding        
Basic (in shares) 51,507,217 31,608,909 46,990,428 31,608,287
Diluted (in shares) 51,605,620 31,686,150 47,080,186 31,647,866