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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income:    
Loans receivable $ 28,355 $ 16,099
Loans held for sale 5,083 10,884
Investment securities 3,040 829
Other 116 108
Total interest income 36,594 27,920
Interest expense:    
Deposits 5,415 5,136
Other borrowings 1,171 21
FHLB advances 496 238
Total interest expense 7,082 5,395
Net interest income 29,512 22,525
Provision for loan losses 4,368 (117)
Net interest income after provision for loan losses 25,144 22,642
Non-interest income:    
Gain on sale of investment securities 2,832 0
Mortgage warehouse transactional fees 1,759 3,668
Bank-owned life insurance 835 476
Mortgage banking income 409 0
Deposit fees 214 130
Other 1,541 624
Total non-interest income 7,590 4,898
Non-interest expense:    
Salaries and employee benefits 9,351 7,397
Occupancy 2,637 1,910
Professional services 2,282 706
FDIC assessments, taxes, and regulatory fees 2,131 1,347
Technology, communications and bank operations 1,560 841
Loan workout 441 674
Advertising and promotion 414 115
Other real estate owned 351 36
Loss contingency 0 2,000
Other 2,002 1,454
Total non-interest expense 21,169 16,480
Income before income tax expense 11,565 11,060
Income tax expense 3,429 3,871
Net income $ 8,136 $ 7,189
Basic earnings per share $ 0.34 $ 0.39
Diluted earnings per share $ 0.32 $ 0.38