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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:      
Interest and fees on loans $ 68,484 $ 58,155 $ 45,304
Interest on investments 11,687 8,982 5,436
Other investment income 216 237 245
Total interest income 80,387 67,374 50,985
Interest expense:      
Interest bearing demand 1,333 982 732
Savings 40 31 22
Time 493 1,270 1,045
Other borrowings 6 6 970
Total interest expense 1,872 2,289 2,769
Net interest income 78,515 65,085 48,216
Loan loss (recovery) provision (4,000) 0 1,000
Net interest income after loan loss provision 82,515 65,085 47,216
Non-interest income:      
Service charges on deposit accounts 5,121 4,621 3,031
Card issuer and merchant services fees, net 7,052 6,213 3,310
Earnings on BOLI 1,001 986 862
Mortgage banking income, net 2,617 2,296 4,261
Swap fee income 2,533 1,847 430
SBA gain on sales and fee income 1,294 1,120 507
Gain on sales of investments 475 0 0
Other income 4,880 3,088 2,052
Total non-interest income 24,973 20,171 14,453
Non-interest expense:      
Salaries and employee benefits 43,744 41,421 32,651
Occupancy 5,200 9,131 4,931
Information technology 3,675 4,346 2,488
Equipment 1,539 1,963 1,583
Communications 2,130 2,263 1,496
FDIC insurance 1,321 1,517 1,542
OREO expense 68 988 529
Professional services 5,327 8,121 4,249
Prepayment penalties on FHLB borrowings 0 0 3,827
Card issuer 2,836 2,903 1,392
Insurance 732 1,214 659
Other expenses 7,824 7,474 5,623
Total non-interest expense 74,396 81,341 60,970
Income before income taxes 33,092 3,915 699
Income tax (provision) benefit (12,513) (178) 50,146
Net income $ 20,579 $ 3,737 $ 50,845
Basic and diluted income per share:      
Net income per common share (basic) (in dollars per share) $ 0.29 $ 0.06 $ 1.08
Net income per common share (diluted) (in dollars per share) $ 0.29 $ 0.06 $ 1.07