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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Interest and fees on loans $ 37,090 $ 33,319 $ 73,334 $ 65,521
Interest on mortgage-backed securities 3,523 3,564 6,956 6,813
Interest and dividends on investment securities 852 814 1,712 1,606
Interest on reverse mortgage loans 1,166 1,368 2,402 2,594
Other interest income 424 348 1,502 664
Total interest income 43,055 39,413 85,906 77,198
Interest expense:        
Interest on deposits 1,825 1,714 3,767 3,370
Interest on Federal Home Loan Bank advances 751 661 1,464 1,187
Interest on trust preferred borrowings 339 330 666 656
Interest on senior debt 941 941 1,883 1,883
Interest on bonds payable       15
Interest on other borrowings 109 290 219 566
Total interest expense 3,965 3,936 7,999 7,677
Net interest income 39,090 35,477 77,907 69,521
Provision for loan losses 3,773 50 4,559 2,680
Net interest income after provision for loan losses 35,317 35,427 73,348 66,841
Noninterest income:        
Credit/debit card and ATM income 6,462 6,010 12,489 11,776
Deposit service charges 4,099 4,346 8,004 8,615
Investment management and fiduciary revenue 5,707 4,287 10,800 8,121
Mortgage banking activities, net 1,590 1,025 3,293 1,837
Loan fee income 469 556 932 940
Bank owned life insurance income 179 143 382 282
Security gains, net 477 365 928 943
Other income 3,475 2,891 6,725 5,473
Total non interest income 22,458 19,623 43,553 37,987
Noninterest expense:        
Salaries, benefits and other compensation 20,345 18,668 41,355 37,142
Occupancy expense 3,637 3,569 7,515 7,298
Equipment expense 1,959 1,860 4,041 3,547
Data processing and operations expenses 1,459 1,531 2,881 3,002
Professional fees 1,753 2,215 3,225 3,321
FDIC expenses 687 692 1,356 1,345
Loan workout and OREO expenses 330 716 329 1,255
Marketing expense 1,007 442 1,591 941
Corporate development expense 686 158 1,282 412
Other operating expenses 6,791 5,373 13,992 10,845
Total non interest expenses 38,654 35,224 77,567 69,108
Income before taxes 19,121 19,826 39,334 35,720
Income tax provision 6,887 7,101 14,211 6,084
Net income $ 12,234 $ 12,725 $ 25,123 $ 29,636
Earnings per share:        
Basic $ 0.43 $ 0.48 $ 0.89 $ 1.11
Diluted $ 0.43 $ 0.46 $ 0.88 $ 1.08