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Consolidated Statements of Income - Unaudited - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Loans receivable $ 67,036 $ 59,013 $ 128,497 $ 113,485
Loans held for sale 17,524 17,429 31,470 31,534
Investment securities 7,823 3,638 13,710 7,347
Other 1,469 1,240 3,269 2,352
Total interest income 93,852 81,320 176,946 154,718
Interest expense:        
Deposits 16,218 11,138 30,535 21,347
Other borrowings 1,993 1,620 3,600 3,225
FHLB advances 5,340 3,716 8,401 5,984
Subordinated debt 1,685 1,685 3,370 3,370
Total interest expense 25,236 18,159 45,906 33,926
Net interest income 68,616 63,161 131,040 120,792
Provision for loan losses 535 786 3,585 2,766
Net interest income after provision for loan losses 68,081 62,375 127,455 118,026
Non-interest income:        
Mortgage warehouse transactional fees 2,523 3,074 4,743 5,622
Bank-owned life insurance 2,258 1,120 3,624 2,243
Gain on sale of SBA and other loans 573 285 1,901 929
Mortgage banking income 291 285 446 450
Deposit fees 258 278 582 531
Interchange and card revenue 126 160 329 304
Gain on sale of investment securities 3,183 0 3,183 26
Impairment loss on investment securities (2,882) 0 (4,585) 0
Other 641 651 2,175 1,016
Total non-interest income 6,971 5,853 12,398 11,121
Non-interest expense:        
Salaries and employee benefits 16,687 16,401 32,850 32,799
Professional services 2,834 2,750 5,827 5,071
Technology, communication and bank operations 2,542 2,448 5,861 4,833
Occupancy 2,536 2,363 5,121 4,600
FDIC assessments, taxes, and regulatory fees 2,320 4,289 3,953 8,130
Loan workout 408 487 928 905
Other real estate owned 160 183 105 470
Advertising and promotion 153 194 334 337
Other 2,927 2,970 5,735 6,812
Total non-interest expense 30,567 32,085 60,714 63,957
Income from continuing operations before income tax expense 44,485 36,143 79,139 65,190
Income tax expense 15,533 14,369 23,263 24,108
Net income from continuing operations 28,952 21,774 55,876 41,082
Loss from discontinued operations before income tax benefit (8,436) (3,696) (10,334) (5,508)
Income tax benefit from discontinued operations (3,206) (1,405) (3,927) (2,093)
Net loss from discontinued operations (5,230) (2,291) (6,407) (3,415)
Net income 23,722 19,483 49,469 37,667
Preferred stock dividends 3,615 2,062 7,229 3,348
Net income available to common shareholders $ 20,107 $ 17,421 $ 42,240 $ 34,319
Basic earnings per common share from continuing operations (usd per share) $ 0.83 $ 0.73 $ 1.59 $ 1.40
Basic earnings per common share (usd per share) 0.66 0.64 1.38 1.27
Diluted earnings per common share from continuing operations (usd per share) 0.78 0.67 1.49 1.28
Diluted earnings per common share (usd per share) $ 0.62 $ 0.59 $ 1.29 $ 1.17