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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Loans receivable $ 46,291 $ 39,640 $ 132,185 $ 103,216
Loans held for sale 14,006 8,503 38,428 20,301
Investment securities 2,283 2,361 6,899 7,944
Other 1,156 794 4,625 1,805
Interest expense: 63,736 51,298 182,137 133,266
Interest expense:        
Deposits 9,022 6,179 24,693 17,321
Other borrowings 1,539 1,494 4,523 3,834
FHLB advances 1,556 1,711 5,044 3,348
Subordinated debt 1,685 1,700 5,055 1,826
Total interest expense 13,802 11,084 39,315 26,329
Net interest income 49,934 40,214 142,822 106,937
Provision for loan losses 2,094 5,035 14,393 12,288
Net interest income after provision for loan losses 47,840 35,179 128,429 94,649
Non-interest income:        
Mortgage warehouse transactional fees 2,792 2,154 7,864 6,128
Bank-owned life insurance 1,177 976 3,407 2,646
Gain on sale of loans 1,131 695 3,189 1,266
Deposit fees 265 192 691 618
Mortgage loans and banking income 167 212 605 2,175
Gain (loss) on sale of investment securities (16) 0 (85) 3,191
Other 655 873 2,626 3,298
Total non-interest income 6,171 5,102 18,297 19,322
Non-interest expense:        
Salaries and employee benefits 14,981 12,070 43,381 33,012
FDIC assessments, taxes, and regulatory fees 3,222 3,320 7,495 8,529
Professional services 2,673 1,671 7,378 5,834
Technology, communication and bank operations 2,422 2,297 7,791 6,767
Occupancy 2,169 2,119 6,469 6,061
Other real estate owned 1,722 603 2,026 1,845
Advertising and promotion 330 261 1,106 1,104
Loan workout 285 388 541 1,306
Other 2,503 1,950 7,245 6,592
Total non-interest expense 30,307 24,679 83,432 71,050
Income before income tax expense 23,704 15,602 63,294 42,921
Income tax expense 8,415 3,940 22,497 12,885
Net income 15,289 11,662 40,797 30,036
Preferred stock dividend 980 0 1,487 0
Net income available to common shareholders $ 14,309 $ 11,662 $ 39,310 $ 30,036
Basic earnings per common share (usd per share) $ 0.53 $ 0.44 $ 1.47 $ 1.12
Diluted earnings per common share (usd per share) $ 0.50 $ 0.42 $ 1.37 $ 1.08