v3.7.0.1
CONSOLIDATED INCOME STATEMENTS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income:    
Loans $ 26,491 $ 18,170
Securities 3,031 3,121
FHLB stock, fed funds sold and interest-bearing deposits 838 407
Total interest income 30,360 21,698
Interest expense:    
Deposits 3,192 1,795
Borrowings 1,110 542
Total interest expense 4,302 2,337
Net interest income 26,058 19,361
Provision for loan losses 69 400
Net interest income after provision for loan losses 25,989 18,961
Noninterest income:    
Asset management, consulting and other fees 6,215 6,001
Gain on sale of loans 300 0
Gain on capital market activities   311
Gain on sale of REO 104  
Other income 1,164 673
Total noninterest income 7,783 6,985
Noninterest expense:    
Compensation and benefits 14,755 12,724
Occupancy and depreciation 3,414 2,815
Professional services and marketing costs 3,429 1,723
Other expenses 3,111 2,155
Total noninterest expense 24,709 19,417
Income before taxes on income 9,063 6,529
Taxes on income 2,950 2,742
Net income $ 6,113 $ 3,787
Net income per share:    
Basic $ 0.19 $ 0.12
Diluted $ 0.18 $ 0.11
Shares used in computation:    
Basic 32,805,010 32,006,176
Diluted 33,961,220 33,169,064