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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and fees on loans $ 26,034 $ 22,021
Interest and dividends on securities 5,847 5,048
Interest on interest bearing deposits and other investments 290 249
TOTAL INTEREST INCOME 32,171 27,318
Interest on deposits 917 748
Interest on borrowed money 1,032 860
TOTAL INTEREST EXPENSE 1,949 1,608
NET INTEREST INCOME 30,222 25,710
Provision for loan losses 199 433
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 30,023 25,277
Noninterest income    
Other income 8,630 7,308
Securities gains, net (includes net gains of $47 and $0 in other comprehensive income reclassifications for the three months ended March 31, 2016 and 2015 respectively) 89 0
TOTAL NONINTEREST INCOME 8,719 7,308
Salaries and wages 13,399 8,789
Outsourced data processing costs 4,439 2,184
Occupancy 2,972 2,023
Other 11,531 10,190
TOTAL NONINTEREST EXPENSES 32,341 23,186
INCOME BEFORE INCOME TAXES 6,401 9,399
Provision for income taxes (includes $18 and $0 in income tax provision from reclassification items for the three months ended March 31, 2016 and 2015, respectively.) 2,435 3,540
NET INCOME $ 3,966 $ 5,859
PER SHARE COMMON STOCK:    
Net income diluted (in dollars per share) $ 0.11 $ 0.18
Net income basic (in dollars per share) 0.11 0.18
Cash dividends declared $ 0.00 $ 0.00
Average shares outstanding - diluted (in shares) 35,452,968 33,135,618
Average shares outstanding - basic (in shares) 34,848,875 32,971,444