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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Loans secured by real estate $ 49,177 $ 49,575
C&I loans 3,436 1,656
Other loans 18 19
Mortgage-backed securities ("MBS") and Agency Collateralized Mortgage Obligation ("CMO") securities 3,197 2,257
Marketable equity and investment securities 420 15
Other short-term investments 1,447 1,511
Total interest income 57,695 55,033
Interest expense:    
Deposits and escrow 15,017 10,751
Borrowed funds 7,354 6,267
Total interest expense 22,371 17,018
Net interest income 35,324 38,015
Provision for loan losses 321 193
Net interest income after provision for loan losses 35,003 37,822
Non-interest income:    
Service charges and other fees 1,099 911
Mortgage banking income, net 68 111
Net gain on securities and other assets [1] 192 1,366
Gain on sale of loans 255 90
Income from BOLI 694 712
Other 52 54
Total non-interest income 2,360 3,244
Non-interest expense:    
Salaries and employee benefits 11,884 11,177
Stock benefit plan compensation expense 284 388
Occupancy and equipment 3,869 3,872
Data processing costs 2,066 1,754
Marketing 466 1,047
Federal deposit insurance premiums 454 665
Other 3,029 2,831
Total non-interest expense 22,052 21,734
Income before income taxes 15,311 19,332
Income tax expense 3,810 4,587
Net income $ 11,501 $ 14,745
Earnings per Share:    
Basic (in dollars per share) $ 0.32 $ 0.39
Diluted (in dollars per share) $ 0.32 $ 0.39
[1] Amount includes periodic valuation gains or losses sales on of marketable equity and trading securities.