XML 14 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and dividend income    
Loans, including fees $ 67,144 $ 58,155
Securities 16,047 1,927
Dividends and other interest-earning assets 1,049 698
Total interest and dividend income 84,240 60,780
Interest expense    
Deposits 8,107 6,361
Federal Home Loan Bank advances 1,262 353
Securities sold under repurchase agreements 160 0
Long term debt and other interest-bearing liabilities 4,294 2,069
Total interest expense 13,823 8,783
Net interest income 70,417 51,997
Provision for loan and lease losses 321 0
Net interest income after provision for loan and lease losses 70,096 51,997
Noninterest income    
Customer service fees 848 910
Loan servicing loss (5,288) (442)
Income from bank owned life insurance 563 59
Net gain (loss) on sale of securities available-for-sale 16,789 (2)
Net gain on sale of loans 2,195 4,472
Net revenue on mortgage banking activities 33,684 37,933
Advisory service fees 997 1,197
Loan brokerage income 874 1,141
Other income 1,297 712
Total noninterest income 51,959 45,980
Noninterest expense    
Salaries and employee benefits 57,183 49,771
Occupancy and equipment 11,740 9,771
Professional fees 6,212 3,435
Data processing 2,194 1,835
Advertising 1,827 912
Regulatory assessments 1,736 1,354
Loan servicing and foreclosure expense 236 319
Valuation allowance for other real estate owned 0 22
Net gain on sales of other real estate owned (37) (17)
Provision (reversal) for loan repurchases (359) 845
Amortization of intangible assets 1,322 1,544
All other expense 7,046 6,088
Total noninterest expense 89,100 75,879
Income before income taxes 32,955 22,098
Income tax expense 13,268 9,524
Net income 19,687 12,574
Preferred stock dividends 4,575 910
Net income available to common stockholders $ 15,112 $ 11,664
Basic earnings per common share (in usd per share) $ 0.36 $ 0.30
Diluted earnings per common share (in usd per share) $ 0.36 $ 0.29
Class A Common Stock    
Noninterest expense    
Net income $ 19,662 $ 12,560
Preferred stock dividends $ 4,569 $ 909
Basic earnings per common share (in usd per share) $ 0.36 $ 0.30
Diluted earnings per common share (in usd per share) $ 0.36 $ 0.29
Class B Common Stock    
Noninterest expense    
Net income $ 25 $ 14
Preferred stock dividends $ 6 $ 1
Basic earnings per common share (in usd per share) $ 0.36 $ 0.30
Diluted earnings per common share (in usd per share) $ 0.36 $ 0.30