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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and dividend income:        
Loans receivable $ 45,865 $ 41,981 $ 89,706 $ 82,583
Securities available-for-sale 4,922 4,354 11,336 8,692
Securities held-to-maturity 2,991 0 3,455 0
Federal funds and interest earning deposits 584 66 1,072 89
Federal Home Loan Bank stock dividends 657 449 1,244 914
Total interest and dividend income 55,019 46,850 106,813 92,278
Interest expense:        
Deposits 9,194 6,382 17,293 12,454
Borrowings 4,810 4,829 9,442 9,408
Total interest expense 14,004 11,211 26,735 21,862
Net interest income 41,015 35,639 80,078 70,416
Provision for loan losses 2,400 375 4,400 751
Net interest income after provision for loan losses 38,615 35,264 75,678 69,665
Non-interest income:        
Demand deposit account fees 976 922 1,920 1,837
Bank-owned life insurance 1,493 1,059 2,557 2,758
Title insurance fees 1,255 949 2,029 1,916
Loan fees and service charges 451 532 922 1,027
(Loss) gain on securities transactions, net 0 0 116 0
Gain on sale of loans receivable, net 15 69 15 170
(Loss) Gain on sale of real estate owned (13) 39 (13) 248
Other non-interest income 1,233 1,198 2,366 2,571
Total non-interest income 5,410 4,768 9,912 10,527
Non-interest expense:        
Compensation and employee benefits expense 16,750 15,304 33,275 31,283
Occupancy expense 3,518 3,465 7,234 6,895
Federal insurance premiums expense 473 412 901 825
Advertising expense 1,292 1,122 2,139 1,803
Professional fees expense 399 379 613 558
Data processing expense 672 577 1,314 1,144
Charitable contribution to foundation 34,767 154 34,767 454
Other non-interest expense 3,857 3,413 7,460 6,717
Total non-interest expense 61,728 24,826 87,703 49,679
Income before income tax expense (17,703) 15,206 (2,113) 30,513
Income tax expense (2,961) 5,934 845 10,946
Net income $ (14,742) $ 9,272 $ (2,958) $ 19,567
Basic and diluted earnings per share (in dollars per share) $ (0.13)   $ (0.03)  
Weighted average shares outstanding (in shares) 111,346,897   111,346,897