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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
INTEREST INCOME:        
Loans, including fees $ 37,897 $ 22,601 $ 112,953 $ 66,512
Securities 989 809 3,058 2,525
Other investments 199 111 577 334
Federal funds sold 1   3  
Deposits in financial institutions 346 78 627 186
Total interest income 39,432 23,599 117,218 69,557
INTEREST EXPENSE:        
Transaction and savings deposits 1,537 696 3,999 2,073
Certificates and other time deposits 3,791 1,651 10,256 4,732
Subordinated debentures 246   726  
Other borrowed funds 183 90 793 151
Total interest expense 5,757 2,437 15,774 6,956
NET INTEREST INCOME 33,675 21,162 101,444 62,601
PROVISION FOR LOAN LOSSES 28,200 3,054 55,200 5,364
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 5,475 18,108 46,244 57,237
NONINTEREST INCOME:        
Customer service fees 1,523 867 4,374 2,647
Loan fees 806 680 2,224 1,722
Gain on sale of held-for-sale loans, net   113 41 345
Gain on sale of guaranteed portion of loans, net 968 908 2,964 2,513
Other 794 303 2,425 684
Total noninterest income 4,091 2,871 12,028 7,911
NONINTEREST EXPENSE:        
Salaries and employee benefits 11,925 8,562 35,365 26,197
Occupancy 2,194 1,332 6,259 4,354
Professional and regulatory fees 2,180 1,988 6,537 7,060
Data processing 921 610 2,836 1,837
Software license and maintenance 580 352 1,584 1,106
Marketing 283 160 882 460
Loan related 1,287 185 2,331 557
Real estate acquired by foreclosure, net 2,105 339 2,786 734
Other 1,908 844 4,965 2,401
Total noninterest expense 23,383 14,372 63,545 44,706
INCOME BEFORE INCOME TAXES (13,817) 6,607 (5,273) 20,442
PROVISION FOR INCOME TAXES (4,831) 2,528 (1,757) 7,576
NET INCOME $ (8,986) $ 4,079 $ (3,516) $ 12,866
EARNINGS PER SHARE:        
Basic (in dollars per share) $ (0.25) $ 0.16 $ (0.10) $ 0.49
Diluted (in dollars per share) $ (0.25) $ 0.15 $ (0.10) $ 0.49