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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and dividend income:    
Loans, including fees $ 16,088 $ 13,239
Factored receivables, including fees 7,822 7,509
Taxable securities 768 678
Tax exempt securities 7 12
Cash deposits 208 141
Total interest income 24,893 21,579
Interest expense:    
Deposits 1,993 1,570
Junior subordinated debentures 302 272
Other borrowings 109 12
Total interest expense 2,404 1,854
Net interest income 22,489 19,725
Provision for loan losses (511) 645
Net interest income after provision for loan losses 23,000 19,080
Noninterest income:    
Service charges on deposits 659 612
Card income 546 523
Net OREO gains (losses) and valuation adjustments (11) 26
Net gains on sale of securities 5  
Net gains on sale of loans 12 542
Fee income 534 422
Bargain purchase gain   12,509
Asset management fees 1,629 958
Other 1,607 1,067
Total noninterest income 4,981 16,659
Noninterest expense:    
Salaries and employee benefits 12,252 13,269
Occupancy, furniture and equipment 1,493 1,572
FDIC insurance and other regulatory assessments 224 263
Professional fees 1,073 1,327
Amortization of intangible assets 977 764
Advertising and promotion 519 543
Communications and technology 1,432 886
Other 2,108 2,159
Total noninterest expense 20,078 20,783
Net income before income tax 7,903 14,956
Income tax expense 2,897 912
Net income 5,006 14,044
Dividends on preferred stock (194) (192)
Net income available to common stockholders $ 4,812 $ 13,852
Earnings per common share    
Basic $ 0.27 $ 0.78
Diluted $ 0.27 $ 0.76