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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST INCOME:        
Loans, including fees $ 37,711 $ 22,252 $ 75,056 $ 43,911
Securities 988 838 2,069 1,716
Other investments 205 113 378 223
Federal funds sold 1   2  
Deposits in financial institutions 157 53 281 108
Total interest income 39,062 23,256 77,786 45,958
INTEREST EXPENSE:        
Transaction and savings deposits 1,312 695 2,462 1,377
Certificates and other time deposits 3,702 1,607 6,465 3,081
Subordinated debentures 243   480  
Other borrowed funds 264 31 610 61
Total interest expense 5,521 2,333 10,017 4,519
NET INTEREST INCOME 33,541 20,923 67,769 41,439
PROVISION FOR LOAN LOSSES 11,000 805 27,000 2,310
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 22,541 20,118 40,769 39,129
NONINTEREST INCOME:        
Customer service fees 1,447 917 2,851 1,780
Loan fees 719 671 1,418 1,042
Gain on sale of held-for-sale loans, net   157 41 232
Gain on sale of guaranteed portion of loans, net 858 960 1,996 1,605
Other 758 250 1,631 381
Total noninterest income 3,782 2,955 7,937 5,040
NONINTEREST EXPENSE:        
Salaries and employee benefits 11,461 8,878 23,440 17,635
Occupancy 2,035 1,562 4,065 3,022
Professional and regulatory fees 2,435 3,605 4,357 5,072
Data processing 945 583 1,915 1,227
Software license and maintenance 528 392 1,004 754
Marketing 301 152 599 300
Loan related 801 263 1,044 372
Real estate acquired by foreclosure, net 381 382 681 395
Other 1,788 761 3,057 1,557
Total noninterest expense 20,675 16,578 40,162 30,334
INCOME BEFORE INCOME TAXES 5,648 6,495 8,544 13,835
PROVISION FOR INCOME TAXES 2,017 2,357 3,074 5,048
NET INCOME $ 3,631 $ 4,138 $ 5,470 $ 8,787
EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.10 $ 0.16 $ 0.15 $ 0.34
Diluted (in dollars per share) $ 0.10 $ 0.16 $ 0.15 $ 0.33