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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
INTEREST INCOME      
Taxable $ 20,341 $ 15,448 $ 12,856
Nontaxable 585 211 68
Interest and fees on loans 94,469 63,586 56,971
Interest on federal funds sold and interest bearing deposits 1,022 1,017 868
Total interest income 116,417 80,262 70,763
INTEREST EXPENSE      
Interest on savings deposits 2,085 864 782
Interest on time certificates 1,228 1,538 1,947
Interest on short term borrowings 375 297 286
Interest on subordinated debt 1,634 1,053 934
Interest on other borrowings 1,608 1,603 1,608
Total interest expense 6,930 5,355 5,557
NET INTEREST INCOME 109,487 74,907 65,206
Provision (recapture) for loan losses 2,644 (3,486) 3,188
Interest on securities      
NET INTEREST INCOME AFTER PROVISION (RECAPTURE) FOR LOAN LOSSES 106,843 78,393 62,018
NONINTEREST INCOME (Note M)      
Bargain purchase gain 416 0 0
Securities gains, net (includes net gains (losses) of $(325), $(110), and $149 in other comprehensive income reclassifications for 2015, 2014, and 2013 respectively) 161 469 419
Other 32,018 24,744 24,319
Total noninterest income 32,595 25,213 24,738
NONINTEREST EXPENSE (Note M) 103,770 93,366 75,152
INCOME BEFORE INCOME TAXES 35,668 10,240 11,604
Income taxes (benefit) 13,527 4,544 (40,385)
NET INCOME 22,141 5,696 51,989
Preferred stock dividends and accretion on preferred stock discount 0 0 4,073
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 22,141 $ 5,696 $ 47,916
Net income per share of common stock      
Diluted $ 0.66 $ 0.21 $ 2.44
Basic $ 0.66 $ 0.21 $ 2.46
Average common shares outstanding      
Diluted 33,744,171 27,716,895 19,650,005
Basic 33,495,827 27,538,955 19,449,560