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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following table presents selected quarterly data for the years ended December 31, 2015 and 2014. Quarterly data may not agree to full year results.
 
 
2015
Quarter Ended
December 31
 
September 30
 
June 30
 
March 31
(amounts in thousands, except per share data)
 
Interest income
$
67,713

 
$
63,736

 
$
59,683

 
$
58,718

Interest expense
14,245

 
13,802

 
13,125

 
12,388

Net interest income
53,468

 
49,934

 
46,558

 
46,330

Provision for loan losses
6,173

 
2,094

 
9,335

 
2,964

Non-interest income
9,420

 
6,171

 
6,393

 
5,733

Non-interest expenses
31,514

 
30,307

 
25,660

 
27,465

Income before income taxes
25,201

 
23,704

 
17,956

 
21,634

Provision for income taxes
7,415

 
8,415

 
6,400

 
7,682

Net income
17,786

 
15,289

 
11,556

 
13,952

Preferred stock dividend
1,006

 
980

 
507

 

Net income available to common shareholders
$
16,780

 
$
14,309

 
$
11,049

 
$
13,952

Earnings per common share:
 
 
 
 
 
 
 
Basic
$
0.62

 
$
0.53

 
$
0.41

 
$
0.52

Diluted
0.58

 
0.50

 
0.39

 
0.49



 
2014
Quarter Ended
December 31
 
September 30
 
June 30
 
March 31
(amounts in thousands, except per share data)
 
Interest income
$
57,161

 
$
51,298

 
$
45,092

 
$
36,874

Interest expense
12,175

 
11,084

 
8,162

 
7,082

Net interest income
44,986

 
40,214

 
36,930

 
29,792

Provision for loan losses
2,459

 
5,035

 
2,886

 
4,368

Non-interest income
5,804

 
5,102

 
6,911

 
7,310

Non-interest expenses
27,864

 
24,679

 
25,205

 
21,169

Income before income taxes
20,467

 
15,602

 
15,750

 
11,565

Provision for income taxes
7,289

 
3,940

 
5,517

 
3,429

Net income available to common shareholders
$
13,178

 
$
11,662

 
$
10,233

 
$
8,136

Earnings per common share:
 
 
 
 
 
 
 
Basic
$
0.49

 
$
0.44

 
$
0.38

 
$
0.30

Diluted
0.47

 
0.42

 
0.37

 
0.29