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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME:        
Loans receivable $ 19,392 $ 17,519 $ 38,871 $ 35,205
Investment securities:        
Taxable 678 474 1,290 1,010
Nontaxable 940 462 1,823 947
Other 143 80 218 164
Total interest income 21,153 18,535 42,202 37,326
INTEREST EXPENSE:        
Deposits 1,737 1,608 3,417 3,123
Other borrowings 759 327 1,293 675
Total interest expense 2,496 1,935 4,710 3,798
NET INTEREST INCOME 18,657 16,600 37,492 33,528
PROVISION FOR LOAN LOSSES 821 533 2,171 1,022
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 17,836 16,067 35,321 32,506
NONINTEREST INCOME:        
Net gain (loss) on sales of investment securities 37 48 (2)
Deposit fee income 2,513 2,236 4,990 4,387
Earnings on life insurance policies 810 421 1,219 833
Gain on sales of loans 1,073 1,291 2,068 2,086
Other 261 363 545 682
Total noninterest income 4,694 4,311 8,870 7,986
NONINTEREST EXPENSES:        
Salaries and employee benefits 6,771 7,857 14,854 16,107
Net occupancy expense 1,684 1,898 3,575 3,825
Real estate owned, net 101 (27) 7 2
FDIC insurance 276 338 526 646
Amortization of intangible assets 255 255 511 511
Data processing 1,525 1,405 2,892 2,839
Professional fees 418 525 1,024 1,133
Advertising and public relations 256 369 552 865
Postage and supplies 218 325 424 616
Other 1,291 2,044 2,874 3,779
Total noninterest expenses 12,795 14,989 27,239 30,323
INCOME BEFORE INCOME TAXES 9,735 5,389 16,952 10,169
INCOME TAX PROVISION 3,078 847 5,378 2,284
NET INCOME $ 6,657 $ 4,542 $ 11,574 $ 7,885
Basic earnings per common share (in dollars per share) $ 0.18 $ 0.12 $ 0.31 $ 0.21
Diluted earnings per common share (in dollars per share) $ 0.18 $ 0.12 $ 0.31 $ 0.21