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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
INTEREST INCOME:        
Interest and fees on loans $ 17,505 $ 16,181 $ 50,252 $ 49,664
Taxable interest on investment securities 518 525 1,296 1,781
Nontaxable interest on investment securities 428 274 1,108 797
Interest and dividends on other assets 82 51 220 167
Total interest income 18,533 17,031 52,876 52,409
INTEREST EXPENSE:        
Deposits 939 1,061 2,786 3,501
Other borrowings 13 15 32 49
Total interest expense 952 1,076 2,818 3,550
Net interest income 17,581 15,955 50,058 48,859
Provision for loan losses on originated loans 150 215 990 415
Provision for loan losses on purchased loans 928 592 2,254 902
Net interest income after provision for loan losses 16,503 15,148 46,814 47,542
NONINTEREST INCOME:        
Bargain purchase gain on bank acquisition 0 0 399 0
Service charges and other fees 1,609 1,397 4,395 4,117
Merchant Visa income, net 259 182 642 534
Change in FDIC indemnification asset (350) (492) (336) (687)
Other income 1,064 440 2,122 1,535
Total noninterest income 2,582 1,527 7,222 5,499
NONINTEREST EXPENSE:        
Impairment loss on investment securities 0 14 26 112
Less: Portion recorded as other comprehensive loss 0 (14) 0 (52)
Impairment loss on investment securities, net 0 0 26 60
Compensation and employee benefits 8,014 7,224 23,220 21,709
Occupancy and equipment 2,190 1,880 6,105 5,497
Data processing 953 643 2,809 1,902
Marketing 477 435 1,189 1,207
Professional services 862 742 2,532 1,924
State and local taxes 292 295 876 925
Federal deposit insurance premium 237 245 744 783
Other real estate owned, net (162) 35 (260) 487
Other expense 1,422 1,004 3,769 3,477
Total noninterest expense 14,285 12,503 41,010 37,971
Income before income taxes 4,800 4,172 13,026 15,070
Income tax expense 1,510 1,309 4,161 4,843
Net income $ 3,290 $ 2,863 $ 8,865 $ 10,227
Basic earnings per common share (in usd per share) $ 0.20 $ 0.19 $ 0.57 $ 0.67
Diluted earnings per common share (in usd per share) $ 0.20 $ 0.19 $ 0.57 $ 0.67
Dividends declared per common share (in usd per share) $ 0.18 $ 0.08 $ 0.34 $ 0.42