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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Interest and fees on loans $ 16,571 $ 11,080 $ 41,467 $ 33,251
Interest on investments 2,655 1,356 6,003 4,059
Other interest income 87 71 159 173
Total interest income 19,313 12,507 47,629 37,483
Deposits:        
Interest bearing demand 284 193 676 541
Savings 10 6 21 17
Time 427 235 929 829
Other borrowings 0 16 6 949
Total interest expense 721 450 1,632 2,336
Net interest income 18,592 12,057 45,997 35,147
Loan loss provision 0 0 0 1,000
Net interest income after loan loss provision 18,592 12,057 45,997 34,147
Non-interest income:        
Service charges on deposit accounts 1,457 766 3,324 2,245
Card issuer and merchant services fees, net 1,884 847 4,480 2,473
Earnings on BOLI 280 224 712 659
Mortgage banking income, net 734 1,284 1,790 3,504
Swap fee income 476 0 1,419 0
Other income 702 516 1,974 1,628
Total non-interest income 5,533 3,637 13,699 10,509
Non-interest expense:        
Salaries and employee benefits 10,199 7,633 31,588 24,239
Occupancy 1,553 1,101 7,544 3,830
Information Technology 1,032 692 3,634 1,926
Equipment 497 457 1,463 1,191
Communications 695 347 1,640 1,108
FDIC insurance 371 454 1,057 1,305
OREO expense 314 47 1,016 322
Professional services 1,461 1,025 6,887 2,535
Prepayment penalties on FHLB advances 0 0 0 3,827
Other expenses 3,606 1,827 8,974 5,921
Total non-interest expense 19,728 13,583 63,803 46,204
Income (loss) before income taxes 4,397 2,111 (4,107) (1,548)
Income tax (provision) benefit (1,965) (619) 2,804 51,159
Net income (loss) $ 2,432 $ 1,492 $ (1,303) $ 49,611
Basic and diluted income per share:        
Net income (loss) per common share (in dollars per share) $ 0.03 $ 0.03 $ (0.02) $ 1.05
Net income (loss) per common share (diluted) (in dollars per share) $ 0.03 $ 0.03 $ (0.02) $ 1.05