v3.8.0.1
CONSOLIDATED INCOME STATEMENTS - UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Loans $ 31,236 $ 22,231 $ 87,709 $ 61,362
Securities AFS 3,023 3,202 9,180 9,423
Fed funds sold, FHLB stock and deposits 619 571 2,001 1,490
Total interest income 34,878 26,004 98,890 72,275
Interest expense:        
Deposits 4,899 2,426 12,103 6,194
Borrowings 1,539 415 4,394 1,636
Total interest expense 6,438 2,841 16,497 7,830
Net interest income 28,440 23,163 82,393 64,445
Provision for loan losses 701 1,231 1,862 2,881
Net interest income after provision for loan losses 27,739 21,932 80,531 61,564
Noninterest income:        
Asset management, consulting and other fees 6,900 6,141 19,672 18,127
Gain on sale of loans 1,962 7,238 4,312 7,238
Gain (loss) on capital markets activities   997   (1,043)
Other income 1,001 703 3,359 2,652
Total noninterest income 9,863 15,079 27,343 26,974
Noninterest expense:        
Compensation and benefits 14,117 12,059 42,855 36,707
Occupancy and depreciation 3,801 3,072 11,094 8,783
Professional services and marketing costs 1,479 3,525 5,115 7,808
Other expenses 3,996 2,880 11,251 7,505
Total noninterest expense 23,393 21,536 70,315 60,803
Income before taxes on income 14,209 15,475 37,559 27,735
Taxes on income 4,629 6,417 12,250 10,949
Net income $ 9,580 $ 9,058 $ 25,309 $ 16,786
Net income per share:        
Basic $ 0.28 $ 0.28 $ 0.75 $ 0.52
Diluted $ 0.27 $ 0.27 $ 0.73 $ 0.50
Shares used to compute net income per share:        
Basic 34,565,949 32,514,016 33,671,327 32,264,224
Diluted 35,259,632 33,575,894 34,599,813 33,365,614