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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income:      
Loans receivable, including fees $ 182,280 $ 146,388 $ 82,580
Loans held for sale 51,553 30,801 38,140
Investment securities 10,405 10,386 6,314
Other 5,612 2,852 1,122
Total interest income 249,850 190,427 128,156
Interest expense:      
Deposits 33,982 24,454 21,020
Other borrowings 6,096 5,342 2,024
FHLB advances 6,743 5,194 1,192
Subordinated debt 6,739 3,514 65
Total interest expense 53,560 38,504 24,301
Net interest income 196,290 151,923 103,855
Provision for loan losses 20,566 14,747 2,236
Net interest income after provision for loan losses 175,724 137,176 101,619
Non-interest income:      
Mortgage warehouse transactional fees 10,394 8,233 12,962
Bank-owned life insurance 7,006 3,702 2,482
Gains on sales of loans 4,047 3,125 852
Deposit fees 944 801 675
Mortgage loan and banking income 741 2,048 1,142
Gain (loss) on sale of investment securities (85) 3,191 1,274
Other 4,670 4,026 3,316
Total non-interest income 27,717 25,126 22,703
Non-interest expense:      
Salaries and employee benefits 58,777 46,427 35,493
Professional services 11,042 7,748 5,548
FDIC assessments, taxes, and regulatory fees 10,728 11,812 5,568
Technology, communication and bank operations 10,596 8,798 6,607
Occupancy 8,668 8,068 6,552
Other real estate owned 2,516 3,601 1,365
Advertising and promotion 1,475 1,325 1,274
Loan workout 1,127 1,706 2,245
Loss contingency 0 0 2,000
Other 10,017 9,429 7,372
Total non-interest expense 114,946 98,914 74,024
Income before income tax expense 88,495 63,388 50,298
Income tax expense 29,912 20,174 17,604
Net income 58,583 43,214 32,694
Preferred stock dividend 2,493 0 0
Net income available to common shareholders $ 56,090 $ 43,214 $ 32,694
Basic earnings per common share (usd per share) $ 2.09 $ 1.62 $ 1.34
Diluted earnings per common share (usd per share) $ 1.96 $ 1.55 $ 1.30