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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited)
Results of operations on a quarterly basis were as follows:
 
 
 
Year Ended December 31, 2014
 
 
First
  Quarter  
 
Second
  Quarter  
 
Third
  Quarter  
 
Fourth
  Quarter  
 
 
(Dollars in thousands, except per share amounts)
Interest income
 
$
17,613

 
$
30,023

 
$
35,031

 
$
38,439

Interest expense
 
872

 
1,426

 
1,724

 
1,659

Net interest income
 
16,741

 
28,597

 
33,307

 
36,780

Provision for loan losses
 
458

 
691

 
594

 
2,851

Net interest income after provision for loan losses
 
16,283

 
27,906

 
32,713

 
33,929

Noninterest income
 
2,307

 
4,780

 
5,483

 
3,897

Noninterest expense
 
14,779

 
26,994

 
28,363

 
29,243

Income before provision for income taxes
 
3,811

 
5,692

 
9,833

 
8,583

Income tax expense
 
1,268

 
1,544

 
2,765

 
1,328

Net income
 
$
2,543

 
$
4,148

 
$
7,068

 
$
7,255

Basic earnings per common share
 
$
0.16

 
$
0.16

 
$
0.23

 
$
0.24

Diluted earnings per common share
 
0.16

 
0.16

 
0.23

 
0.24

Cash dividends declared on common stock
 
0.16

 

 
0.09

 
0.25

 
 
 
Year Ended December 31, 2013
 
 
First
  Quarter  
 
Second
  Quarter  
 
Third
  Quarter  
 
Fourth
  Quarter  
 
 
(Dollars in thousands, except per share amounts)
Interest income
 
$
17,484

 
$
16,859

 
$
18,533

 
$
18,552

Interest expense
 
946

 
919

 
952

 
907

Net interest income
 
16,538

 
15,940

 
17,581

 
17,645

Provision for loan losses
 
858

 
1,308

 
1,078

 
428

Net interest income after provision for loan losses
 
15,680

 
14,632

 
16,503

 
17,217

Noninterest income
 
2,282

 
2,357

 
2,582

 
2,430

Noninterest expense
 
13,719

 
13,007

 
14,285

 
18,504

Income before provision for income taxes
 
4,243

 
3,982

 
4,800

 
1,143

Income tax expense
 
1,358

 
1,292

 
1,510

 
433

Net income
 
$
2,885

 
$
2,690

 
$
3,290

 
$
710

Basic earnings per common share
 
$
0.19

 
$
0.18

 
$
0.20

 
$
0.04

Diluted earnings per common share
 
0.19

 
0.18

 
0.20

 
0.04

Cash dividends declared on common stock
 
0.08

 
0.08

 
0.18

 
0.08