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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST INCOME:    
Interest and fees on loans $ 15,673 $ 15,031
Interest on taxable investment securities 1,785 1,680
Dividends on restricted equity investments 238 223
Total interest income 17,696 16,934
INTEREST EXPENSE:    
Interest on deposits 1,686 1,292
Interest on funds borrowed 531 544
Interest on junior subordinated debentures 707 612
Total interest expense 2,924 2,448
Net interest income 14,772 14,486
Net interest income after provision for loan losses 14,772 14,486
NON-INTEREST INCOME:    
Deposit service charges and fees 1,402 1,580
Interchange fees 467 484
Investment products income 284 377
BOLI income 484 508
Other income 794 215
Total non-interest income 3,431 3,164
NON-INTEREST EXPENSE:    
Salaries and employee benefits 8,882 9,063
Occupancy expense 2,350 2,339
Equipment expense 1,157 1,090
Data processing expense 1,019 1,188
Professional fees 536 471
Insurance expense 395 788
Advertising expense 313 382
Problem loan expense 134 33
Other expense 1,276 1,170
Total non-interest expense 16,062 16,524
INCOME BEFORE INCOME TAXES 2,141 1,126
INCOME TAX EXPENSE 711 300
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 1,430 $ 826
Basic earnings per share $ 0.08 $ 0.04
Diluted earnings per share $ 0.07 $ 0.04
Weighted average shares - basic 18,986,015 18,739,739
Weighted average shares - diluted 19,107,226 18,837,699