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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Interest and fees on loans $ 20,622 $ 17,788 $ 57,579 $ 51,269
Interest on investments 3,514 2,995 11,561 8,783
Other interest income 217 58 646 118
Total interest income 24,353 20,841 69,786 60,170
Deposits:        
Interest bearing demand 494 337 1,365 965
Savings 21 10 45 30
Time 54 83 191 442
Other borrowings 0 0 26 6
Total interest expense 569 430 1,627 1,443
Net interest income 23,784 20,411 68,159 58,727
Loan loss recovery 0 0 0 (2,000)
Net interest income after loan loss recovery 23,784 20,411 68,159 60,727
Non-interest income:        
Service charges on deposit accounts 1,786 1,326 4,887 3,836
Card issuer and merchant services fees, net 2,643 1,837 7,178 5,336
Earnings on BOLI 434 252 941 736
Mortgage banking income, net 857 624 2,251 2,089
Swap fee income 713 595 1,845 1,895
SBA gain on sales and fee income 428 554 988 1,060
Gain on sales of investments 0 503 0 503
Other income 1,079 693 3,077 3,746
Total non-interest income 7,940 6,384 21,167 19,201
Non-interest expense:        
Salaries and employee benefits 13,217 11,315 39,335 33,033
Occupancy 2,546 1,123 6,873 3,906
Information technology 1,558 745 4,137 2,729
Equipment 864 390 1,622 1,142
Communications 615 560 1,908 1,585
Federal Deposit Insurance Corporation (FDIC) insurance 514 342 1,346 1,046
OREO (income) expense 43 122 136 11
Professional services 1,682 1,548 4,340 3,931
Card issuer 1,003 693 2,956 2,199
Insurance 186 183 519 583
Other expenses 2,992 2,049 8,901 6,116
Total non-interest expense 25,220 19,070 72,073 56,281
Income before income taxes 6,504 7,725 17,253 23,647
Income tax provision (2,415) (2,626) (6,400) (8,635)
Net income $ 4,089 $ 5,099 $ 10,853 $ 15,012
Basic and diluted income per share:        
Net income per common share (in dollars per share) $ 0.06 $ 0.07 $ 0.15 $ 0.21
Net income per common share (diluted) (in dollars per share) $ 0.06 $ 0.07 $ 0.15 $ 0.21