v3.8.0.1
CONSOLIDATED INCOME STATEMENTS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income:      
Loans $ 121,707 $ 85,080 $ 57,481
Securities 12,407 12,781 5,227
FHLB stock, fed funds sold and interest-bearing deposits 2,687 2,781 1,763
Total interest income 136,801 100,642 64,471
Interest expense:      
Deposits 17,443 8,916 4,886
Borrowings 5,740 2,277 1,395
Total interest expense 23,183 11,193 6,281
Net interest income 113,618 89,449 58,190
Provision for loan losses 2,762 4,681 2,673
Net interest income after provision for loan losses 110,856 84,768 55,517
Noninterest income:      
Asset management, consulting and other fees 26,710 24,384 23,486
Gain on sale of loans 7,029 7,812 2,935
Loss on capital market activities   (1,043)  
Other income 4,980 3,407 2,352
Total noninterest income 38,719 34,560 28,773
Noninterest expense:      
Compensation and benefits 56,558 48,574 40,456
Occupancy and depreciation 15,396 11,978 9,260
Professional services and marketing costs 7,687 9,825 5,490
Other expenses 19,335 10,617 6,252
Total noninterest expense 98,976 80,994 61,458
Income before taxes on income 50,599 38,334 22,832
Taxes on income 23,017 15,031 9,454
Net income $ 27,582 $ 23,303 $ 13,378
Net income per share:      
Basic $ 0.80 $ 0.72 $ 0.60
Diluted $ 0.78 $ 0.70 $ 0.58
Shares used in computation:      
Basic 34,482,630 32,365,800 22,310,014
Diluted 35,331,059 33,471,816 23,151,710