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Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Interest and fees on loans $ 62,642 $ 44,202 $ 123,930 $ 87,508
Interest and dividends on investment securities 14,470 13,169 28,844 25,279
Other interest income 96 40 162 73
Total interest income 77,208 57,411 152,936 112,860
Interest expense:        
Interest on deposits 10,340 5,991 19,633 11,576
Interest on borrowings 1,938 1,246 3,931 2,226
Total interest expense 12,278 7,237 23,564 13,802
Net interest income 64,930 50,174 129,372 99,058
Provision for loan losses 1,976 2,470 3,416 3,819
Net interest income after provision for loan losses 62,954 47,704 125,956 95,239
Noninterest income:        
Service charges and fees 842 778 1,648 1,535
Loan and other fees 2,248 1,906 4,262 4,403
Bank-owned life insurance income 1,286 1,097 2,571 2,194
FDIC loss share indemnification loss 0 0 0 (65,529)
Income from resolution of acquired assets 478 2,898 1,158 6,270
Gain (loss) on sales of other real estate owned 2,102 5,605 1,992 7,170
Gain (loss) on investment securities 324 761 270 1,768
Other noninterest income (loss) 942 1,107 1,755 2,252
Total noninterest income 8,222 14,152 13,656 (39,937)
Noninterest expense:        
Salaries and employee benefits 19,614 17,856 38,259 34,431
Occupancy and equipment expenses 3,034 3,806 6,606 7,083
Loan and other real estate related expenses 2,235 1,425 4,055 3,501
Professional services 1,105 1,189 2,442 2,595
Data processing and network 2,796 2,801 5,659 5,519
Regulatory assessments and insurance 1,840 2,092 3,957 4,211
Amortization of intangibles 297 407 676 831
Other operating expenses 3,054 2,471 5,621 4,526
Total noninterest expense 33,975 32,047 67,275 62,697
Income (loss) before income tax expense (benefit) 37,201 29,809 72,337 (7,395)
Income tax expense (benefit) 13,697 10,433 26,381 (9,897)
Net income (loss) $ 23,504 $ 19,376 $ 45,956 $ 2,502
Earnings (loss) per share:        
Basic (usd per share) $ 0.58 $ 0.47 $ 1.13 $ 0.06
Diluted (usd per share) $ 0.55 $ 0.45 $ 1.07 $ 0.06
Weighted average shares outstanding:        
Basic (shares) 40,646,498 41,428,588 40,672,682 41,425,240
Diluted (shares) 42,997,811 43,106,131 42,935,862 42,752,814