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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME:        
Loans, including fees $ 38,476 $ 37,711 $ 74,847 $ 75,056
Securities 3,928 988 6,511 2,069
Other investments 197 205 385 378
Deposits in financial institutions 331 158 740 283
Total interest income 42,932 39,062 82,483 77,786
INTEREST EXPENSE:        
Transaction and savings deposits 2,230 1,312 4,208 2,462
Certificates and other time deposits 3,786 3,702 7,393 6,465
Subordinated debentures 1,051 243 2,092 480
Other borrowed funds 560 264 842 610
Total interest expense 7,627 5,521 14,535 10,017
NET INTEREST INCOME 35,305 33,541 67,948 67,769
PROVISION FOR LOAN LOSSES 1,510 11,000 7,655 27,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 33,795 22,541 60,293 40,769
NONINTEREST INCOME:        
Customer service fees 2,199 1,447 4,465 2,851
Loan fees 1,106 719 1,940 1,418
Gain (loss) on sale of available-for-sale securities, net 294   294  
Gain on sale of held-for-sale loans, net 222   84 41
Gain on sale of guaranteed portion of loans, net 878 858 2,805 1,996
Other 1,000 758 1,606 1,631
Total noninterest income 5,699 3,782 11,194 7,937
NONINTEREST EXPENSE:        
Salaries and employee benefits 12,653 11,461 25,059 23,440
Occupancy 2,048 2,035 4,045 4,065
Professional and regulatory fees 1,899 2,435 4,296 4,357
Data processing 995 945 1,903 1,915
Software license and maintenance 438 528 927 1,004
Marketing 163 301 362 599
Loan related 301 801 901 1,044
Real estate acquired by foreclosure, net 223 381 515 681
Other 891 1,788 2,442 3,057
Total noninterest expense 19,611 20,675 40,450 40,162
INCOME BEFORE INCOME TAXES 19,883 5,648 31,037 8,544
PROVISION FOR INCOME TAXES 6,985 2,017 10,927 3,074
NET INCOME $ 12,898 $ 3,631 $ 20,110 $ 5,470
EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.35 $ 0.10 $ 0.54 $ 0.15
Diluted (in dollars per share) $ 0.35 $ 0.10 $ 0.54 $ 0.15