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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income:    
Loans secured by real estate $ 49,575 $ 50,475
C&I 1,656 41
Other loans 19 18
MBS 2,257 14
Investment securities 15 190
Other short-term investments 1,511 717
Total interest income 55,033 51,455
Interest expense:    
Deposits and escrow 10,751 9,507
Borrowed funds 6,267 4,461
Total interest expense 17,018 13,968
Net interest income 38,015 37,487
Provision for loan losses 193 450
Net interest income after provision for loan losses 37,822 37,037
Non-interest income:    
Service charges and other fees 911 794
Mortgage banking income, net 111 16
Net gain on securities and other assets [1] 1,366 75
Gain on sale of loans 90 0
Income from BOLI 712 545
Other 54 348
Total non-interest income 3,244 1,778
Non-interest expense:    
Salaries and employee benefits 11,177 9,926
Stock benefit plan compensation expense 388 394
Occupancy and equipment 3,872 3,628
Data processing costs 1,754 1,607
Marketing 1,047 1,466
Federal deposit insurance premiums 665 655
Other 2,831 3,093
Total non-interest expense 21,734 20,769
Income before income taxes 19,332 18,046
Income tax expense 4,587 6,889
Net income $ 14,745 $ 11,157
Earnings per Share:    
Basic (in dollars per share) $ 0.39 $ 0.30
Diluted (in dollars per share) $ 0.39 $ 0.30
[1] Amount includes periodic valuation gains or losses on marketable equity and trading securities