v3.3.0.814
CONSOLIDATED INCOME STATEMENTS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Loans $ 15,634 $ 11,404 $ 41,097 $ 31,735
Securities AFS 1,107 799 2,744 1,741
Fed funds sold, FHLB stock and deposits 367 181 1,418 514
Total interest income 17,108 12,384 45,259 33,990
Interest expense:        
Deposits 1,328 953 3,366 2,595
Borrowings 319 284 1,137 682
Total interest expense 1,647 1,237 4,503 3,277
Net interest income 15,461 11,147 40,756 30,713
Provision for loan losses 570 0 1,473 235
Net interest income after provision for loan losses 14,891 11,147 39,283 30,478
Noninterest income:        
Asset management, consulting and other fees 5,870 6,309 17,642 17,388
Other income 998 428 1,850 1,316
Total noninterest income 6,868 6,737 19,492 18,704
Noninterest expense:        
Compensation and benefits 10,870 8,764 29,440 25,278
Occupancy and depreciation 2,561 1,867 6,486 5,499
Professional services and marketing costs 1,481 1,192 4,051 4,540
Other expenses 2,044 1,272 4,311 4,195
Total noninterest expense 16,956 13,095 44,288 39,512
Income before taxes on income 4,803 4,789 14,487 9,670
Taxes on income 2,041 2,130 6,157 4,282
Net income $ 2,762 $ 2,659 $ 8,330 $ 5,388
Net income per share:        
Basic $ 0.22 $ 0.34 $ 0.87 $ 0.70
Diluted $ 0.21 $ 0.32 $ 0.84 $ 0.66
Shares used to compute net income per share:        
Basic 12,623,924 7,735,350 9,534,056 7,734,372
Diluted 13,074,935 8,240,424 9,929,445 8,188,633