XML 24 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest and dividend income      
Loans, including fees $ 241,556 $ 180,761 $ 116,673
Securities 20,263 5,158 2,632
Dividends and other interest-earning assets 4,519 2,220 1,206
Total interest and dividend income 266,338 188,139 120,511
Interest expense      
Deposits 25,783 24,411 16,051
Federal Home Loan Bank advances 2,120 527 269
Notes payable and other interest-bearing liabilities 14,718 7,924 6,962
Total interest expense 42,621 32,862 23,282
Net interest income 223,717 155,277 97,229
Provision for loan and lease losses 7,469 10,976 7,963
Net interest income after provision for loan and lease losses 216,248 144,301 89,266
Noninterest income      
Customer service fees 4,057 1,490 1,942
Loan servicing income 2,974 4,199 2,049
Income from bank owned life insurance 1,076 224 177
Net gain on sale of securities available-for-sale 3,258 1,183 331
Net gain on sale of loans 37,211 19,828 8,700
Net revenue on mortgage banking activities 144,685 95,430 67,890
Advisory service fees 9,868 12,904 377
Loan brokerage income 3,140 8,674 1,356
Gain on sale of building 9,919 0 0
Gain on sale of branches 163 456 12,104
Other income 3,868 1,249 1,817
Total noninterest income 220,219 145,637 96,743
Noninterest expense      
Salaries and employee benefits 213,114 162,879 110,687
Occupancy and equipment 41,405 33,443 19,662
Professional fees 20,193 19,247 13,864
Data processing 8,184 5,231 4,710
Advertising 6,156 5,016 4,361
Regulatory assessments 5,644 4,182 2,535
Loan servicing and foreclosure expense 1,005 1,066 905
Valuation allowance for other real estate owned 38 32 97
Net gain on sales of other real estate owned (23) (66) (464)
Provision for loan repurchases 2,326 2,808 2,383
Amortization of intangible assets 5,836 4,079 2,651
Impairment on intangible assets 258 48 1,061
All other expense 28,065 25,507 15,649
Total noninterest expense 332,201 263,472 178,101
Income before income taxes 104,266 26,466 7,908
Income tax expense (benefit) 42,194 (3,739) 7,992
Net income (loss) 62,072 30,205 (84)
Preferred stock dividends 9,823 3,640 2,185
Net income (loss) available to common stockholders $ 52,249 $ 26,565 $ (2,269)
Basic earnings per common share (in usd per share) $ 1.36 $ 0.91 $ (0.15)
Diluted earnings per common share (in usd per share) $ 1.34 $ 0.90 $ (0.15)
Class A Common Stock      
Noninterest expense      
Net income (loss) $ 62,050 $ 29,559 $ (80)
Preferred stock dividends $ 9,820 $ 3,562 $ 2,070
Basic earnings per common share (in usd per share) $ 1.36 $ 0.91 $ (0.15)
Diluted earnings per common share (in usd per share) $ 1.34 $ 0.90 $ (0.15)
Class B Common Stock      
Noninterest expense      
Net income (loss) $ 22 $ 646 $ (4)
Preferred stock dividends $ 3 $ 78 $ 115
Basic earnings per common share (in usd per share) $ 1.36 $ 0.91 $ (0.15)
Diluted earnings per common share (in usd per share) $ 1.36 $ 0.91 $ (0.15)