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Consolidated Statements of Income - Unaudited - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Loans receivable $ 59,013 $ 42,801 $ 113,485 $ 85,894
Loans held for sale 17,429 13,522 31,535 24,422
Investment securities 3,638 2,253 7,347 4,616
Other 1,241 1,107 2,352 3,469
Total interest income 81,321 59,683 154,719 118,401
Interest expense:        
Deposits 11,142 8,145 21,356 15,671
Other borrowings 1,620 1,496 3,225 2,984
FHLB advances 3,716 1,799 5,984 3,488
Subordinated debt 1,685 1,685 3,370 3,370
Total interest expense 18,163 13,125 33,935 25,513
Net interest income 63,158 46,558 120,784 92,888
Provision for loan losses 786 9,335 2,766 12,299
Net interest income after provision for loan losses 62,372 37,223 118,018 80,589
Non-interest income:        
Mortgage warehouse transactional fees 3,074 2,799 5,622 5,072
Interchange and card revenue 1,890 132 2,259 262
Bank-owned life insurance 1,120 1,169 2,243 2,230
Deposit fees 787 247 1,042 426
Gain on sale of loans 285 827 929 2,058
Mortgage loans and banking income 285 287 450 438
Gain (loss) on sale of investment securities 0 (69) 26 (69)
Other 816 1,001 1,180 1,709
Total non-interest income 8,257 6,393 13,751 12,126
Non-interest expense:        
Salaries and employee benefits 18,107 14,448 35,370 28,400
FDIC assessments, taxes, and regulatory fees 4,435 995 8,465 4,273
Technology, communication and bank operations 3,854 2,838 6,496 5,369
Professional services 3,636 2,792 6,207 4,705
Occupancy 2,473 2,199 4,798 4,300
Acquisition related expenses 874 0 1,050 0
Loan workout expense (income) 487 (13) 905 256
Advertising and promotion 334 429 587 776
Other real estate owned expense (income) 183 (580) 470 304
Other 3,800 2,552 7,739 4,742
Total non-interest expense 38,183 25,660 72,087 53,125
Income before income tax expense 32,446 17,956 59,682 39,590
Income tax expense 13,016 6,400 22,553 14,082
Net income 19,430 11,556 37,129 25,508
Preferred stock dividends 2,062 507 3,348 507
Net income available to common shareholders $ 17,368 $ 11,049 $ 33,781 $ 25,001
Basic earnings per common share (usd per share) $ 0.64 $ 0.41 $ 1.25 $ 0.93
Diluted earnings per common share (usd per share) $ 0.60 $ 0.39 $ 1.17 $ 0.88