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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME:        
Loans, including fees $ 39,549 $ 37,897 $ 114,396 $ 112,953
Securities 4,337 989 10,848 3,058
Other investments 221 199 606 577
Deposits in financial institutions and fed funds sold 432 347 1,172 630
Total interest income 44,539 39,432 127,022 117,218
INTEREST EXPENSE:        
Transaction and savings deposits 2,502 1,537 6,710 3,999
Certificates and other time deposits 4,042 3,791 11,435 10,256
Interest expense on subordinated debentures 1,059 246 3,151 726
Other borrowed funds 657 183 1,499 793
Total interest expense 8,260 5,757 22,795 15,774
NET INTEREST INCOME 36,279 33,675 104,227 101,444
PROVISION FOR LOAN LOSSES 2,300 28,200 9,955 55,200
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 33,979 5,475 94,272 46,244
NONINTEREST INCOME:        
Customer service fees 2,365 1,523 6,830 4,374
Loan fees 871 806 2,811 2,224
(Loss) gain on sale of available-for-sale securities, net (332)   (38)  
(Loss) gain on held-for-sale loans, net (1,294)   (1,210) 41
Gain on sale of guaranteed portion of loans, net 1,302 968 4,107 2,964
Other 478 794 2,084 2,425
Total noninterest income 3,390 4,091 14,584 12,028
NONINTEREST EXPENSE:        
Salaries and employee benefits 12,487 11,925 37,546 35,365
Occupancy 2,080 2,194 6,125 6,259
Professional and regulatory fees 2,331 2,180 6,627 6,537
Data processing 924 921 2,827 2,836
Software license and maintenance 464 580 1,391 1,584
Marketing 154 283 516 882
Loan related 271 1,287 1,172 2,331
Real estate acquired by foreclosure, net 159 2,105 674 2,786
Other 1,197 1,908 3,639 4,965
Total noninterest expense 20,067 23,383 60,517 63,545
INCOME (LOSS) BEFORE INCOME TAXES 17,302 (13,817) 48,339 (5,273)
PROVISION (BENEFIT) FOR INCOME TAXES 5,895 (4,831) 16,822 (1,757)
NET INCOME (LOSS) $ 11,407 $ (8,986) $ 31,517 $ (3,516)
EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.31 $ (0.25) $ 0.85 $ (0.10)
Diluted (in dollars per share) $ 0.31 $ (0.25) $ 0.85 $ (0.10)