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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and dividend income:        
Interest and fees on loans $ 30,071 $ 32,166 $ 63,027 $ 64,147
Interest and dividends on investment securities 7,759 9,764 15,994 20,336
Dividends on non-marketable securities 193 317 421 644
Interest on interest-bearing bank deposits 449 270 584 477
Total interest and dividend income 38,472 42,517 80,026 85,604
Interest expense:        
Interest on deposits 3,516 3,451 6,826 6,850
Interest on borrowings 203 211 409 420
Total interest expense 3,719 3,662 7,235 7,270
Net interest income before provision for loan losses 34,753 38,855 72,791 78,334
Provision for loan losses 6,457 1,858 17,076 3,311
Net interest income after provision for loan losses 28,296 36,997 55,715 75,023
Non-interest income:        
Service charges 3,465 3,697 6,725 7,024
Bank card fees 2,935 2,699 5,702 5,249
Gain on sale of mortgages, net 534 546 1,008 946
Bank-owned life insurance income 486 402 881 796
Other non-interest income 2,897 1,360 3,588 2,190
OREO related write-ups and other income 187 188 523 688
FDIC loss-sharing related   (6,145)   (14,625)
Total non-interest income 10,504 2,747 18,427 2,268
Non-interest expense:        
Salaries and benefits 19,612 21,156 40,224 41,233
Occupancy and equipment 5,708 6,069 11,774 12,158
Telecommunications and data processing 1,471 2,578 3,112 5,640
Marketing and business development 689 1,252 1,115 2,261
FDIC deposit insurance 1,064 1,032 1,985 2,073
ATM/debit card expenses 963 789 1,876 1,546
Professional fees 978 962 1,434 2,082
Other non-interest expense 2,112 2,493 4,067 4,734
Problem asset workout 958 1,762 1,932 3,614
Gain on OREO sales, net (1,611) (633) (2,043) (2,103)
Intangible asset amortization 1,370 1,336 2,740 2,672
Gain from the change in fair value of warrant liability   508   118
Banking center consolidation related expenses   1,089   1,089
Total non-interest expense 33,314 40,393 68,216 77,117
Income before income taxes 5,486 (649) 5,926 174
Income tax expense 982 692 1,171 269
Net income $ 4,504 $ (1,341) $ 4,755 $ (95)
Income per share-basic (in dollars per share) $ 0.15 $ (0.04) $ 0.16 $ 0.00
Income per share-diluted (in dollars per share) $ 0.15 $ (0.04) $ 0.16 $ 0.00
Weighted average number of common shares outstanding:        
Basic (Shares) 29,215,822 36,164,617 29,666,570 37,091,412
Diluted (Shares) 29,278,759 36,164,617 29,707,379 37,091,412