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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest and fees on loans $ 21,988 $ 14,103 $ 44,009 $ 27,901
Interest and dividends on securities 5,124 3,638 10,172 7,084
Interest on interest bearing deposits and other investments 249 246 498 514
TOTAL INTEREST INCOME 27,361 17,987 54,679 35,499
Interest on deposits 845 570 1,593 1,171
Interest on borrowed money 850 692 1,710 1,382
TOTAL INTEREST EXPENSE 1,695 1,262 3,303 2,553
INTEREST EXPENSE        
NET INTEREST INCOME 25,666 16,725 51,376 32,946
Provision (recapture) for loan losses 855 (1,444) 1,288 (2,179)
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 24,811 18,169 50,088 35,125
Noninterest income        
Other income 8,846 5,896 16,154 11,454
Securities gains, net (includes net gains of $368 and $1 in other comprehensive income reclassifications for the three and nine months ended September 30, 2014, respectively, and net losses of $366 and net gains of $149 for the three and nine months ended September 30, 2013, respectively) 0 0 0 17
TOTAL NONINTEREST INCOME 8,846 5,896 16,154 11,471
TOTAL NONINTEREST EXPENSES 24,288 20,683 47,474 39,466
INCOME BEFORE INCOME TAXES 9,369 3,382 18,768 7,130
Provision for income taxes (benefit) (includes $142 and $0 in income tax expense from reclassification items for the three and nine months ended for 2014, respectively, and $(141) and $58 in tax expense (benefit) for 2013, respectively) 3,564 1,464 7,104 2,913
NET INCOME $ 5,805 $ 1,918 $ 11,664 $ 4,217
Net income (loss) per share of common stock        
Net income diluted (in dollars per share) $ 0.18 $ 0.07 $ 0.35 $ 0.16
Net income basic (in dollars per share) 0.18 0.07 0.35 0.16
Cash dividends declared (in dollars per share) $ 0.00 $ 0.00 $ 0 $ 0
Average shares outstanding - diluted (in shares) 33,233,508 25,998,121 33,184,764 25,828,391
Average shares outstanding - basic (in shares) 32,978,006 25,826,825 32,971,670 25,659,159