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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest and dividend income:      
Loans, including fees $ 121,567 $ 84,244 $ 61,637
Factored receivables, including fees 47,177 35,213 33,944
Securities 6,823 4,309 2,558
FHLB & FRB stock 207 73 156
Cash deposits 1,450 653 465
Total interest income 177,224 124,492 98,760
Interest expense:      
Deposits 13,082 9,156 6,906
Subordinated notes 3,344 835  
Junior subordinated debentures 1,955 1,427 1,121
Other borrowings 3,159 716 82
Total interest expense 21,540 12,134 8,109
Net interest income 155,684 112,358 90,651
Provision for loan losses 11,628 6,693 4,529
Net interest income after provision for loan losses 144,056 105,665 86,122
Noninterest income:      
Service charges on deposits 4,181 3,447 2,732
Card income 3,822 2,732 2,234
Net OREO gains (losses) and valuation adjustments (850) (1,427) (108)
Net gains (losses) on sale of securities 35 (56) 259
Net gains on sale of loans   16 1,630
Fee income 2,503 2,240 1,931
Insurance commissions 2,981 1,295 296
Bargain purchase gain     15,117
Gain on sale of subsidiary 20,860    
Asset management fees 1,717 6,574 5,646
Other 5,407 6,135 3,560
Total noninterest income 40,656 20,956 33,297
Noninterest expense:      
Salaries and employee benefits 72,696 54,531 50,175
Occupancy, furniture and equipment 9,833 7,301 6,259
FDIC insurance and other regulatory assessments 1,201 913 1,086
Professional fees 7,192 5,529 4,429
Amortization of intangible assets 5,201 3,782 3,979
Advertising and promotion 3,226 2,716 2,061
Communications and technology 8,843 6,491 4,360
Other 15,422 11,849 9,516
Total noninterest expense 123,614 93,112 81,865
Net income before income tax 61,098 33,509 37,554
Income tax expense 24,878 12,809 8,421
Net income 36,220 20,700 29,133
Dividends on preferred stock (774) (887) (780)
Net income available to common stockholders $ 35,446 $ 19,813 $ 28,353
Earnings per common share      
Basic $ 1.85 $ 1.11 $ 1.60
Diluted $ 1.81 $ 1.10 $ 1.57