XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME/(LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income        
Interest and fees on loans $ 54,164 $ 39,838 $ 103,355 $ 78,456
Interest on taxable securities 4,554 3,747 9,140 6,900
Interest on nontaxable securities 454 462 900 931
Interest on deposits in other banks and federal funds sold 168 182 504 310
Total interest income 59,340 44,229 113,899 86,597
Interest expense        
Interest on deposits 2,915 2,264 5,656 4,544
Interest on other borrowings 1,836 1,277 3,218 2,533
Total interest expense 4,751 3,541 8,874 7,077
Net interest income 54,589 40,688 105,025 79,520
Provision for loan losses 889 2,656 1,570 3,725
Net interest income after provision for loan losses 53,700 38,032 103,455 75,795
Noninterest income        
Service charges on deposit accounts 10,436 7,151 20,351 13,580
Mortgage banking activity 14,142 9,727 24,353 17,810
Other service charges, commissions and fees 967 829 2,078 1,497
Gain on sale of securities 0 10 94 22
Other noninterest income 2,834 2,909 5,789 5,292
Total noninterest income 28,379 20,626 52,665 38,201
Noninterest expense        
Salaries and employee benefits 27,531 22,465 53,718 43,097
Occupancy and equipment expense 6,371 4,809 12,071 9,363
Advertising and marketing expense 854 833 1,659 1,474
Amortization of intangible assets 1,319 630 2,339 1,260
Data processing and communications costs 6,049 4,214 12,162 8,474
Credit resolution-related expenses 1,764 11,240 3,563 14,401
Merger and conversion charges 0 5,712 6,359 5,727
Other noninterest expenses 8,471 6,961 16,088 13,895
Total noninterest expense 52,359 56,864 107,959 97,691
Income before income tax expense 29,720 1,794 48,161 16,305
Income tax expense 9,671 486 15,795 5,233
Net income 20,049 1,308 32,366 11,072
Other comprehensive income (loss)        
Unrealized holding gains (losses) arising during period on investment securities available for sale, net of tax of $3,630, $1,901, $5,641 and $1,561 6,742 (3,531) 10,476 (2,881)
Reclassification adjustment for gains included in earnings, net of tax of $0, $3, $33 and $8 0 (6) (61) (14)
Unrealized gains (losses) on cash flow hedges arising during period, net of tax of $104, $138, $435 and $70 (193) 256 (808) (131)
Other comprehensive income during the period 6,549 (3,281) 9,607 (3,026)
Total comprehensive income (loss) $ 26,598 $ (1,973) $ 41,973 $ 8,046
Basic earnings per common share $ 0.58 $ 0.04 $ 0.96 $ 0.35
Diluted earnings per common share 0.57 0.04 0.95 0.35
Dividends declared per common share $ 0.05 $ 0.05 $ 0.1 $ 0.1
Weighted average common shares outstanding        
Basic 34,833 32,184 33,792 31,318
Diluted 35,153 32,520 34,107 31,653