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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME        
Interest and fees on loans $ 16,364 $ 13,275 $ 44,777 $ 37,695
Interest on deposits with other banks 103 89 284 250
Interest on investment securities - taxable 869 693 2,655 1,884
Interest on tax exempt loans and securities 840 573 2,458 1,683
Total interest income 18,176 14,630 50,174 41,512
INTEREST EXPENSE        
Interest on deposits 3,110 2,083 7,938 5,952
Interest on repurchase agreements 10 20 49 56
Interest on FHLB and other borrowings 1,199 548 3,110 1,216
Interest on subordinated debt 333 565 1,433 1,674
Total interest expense 4,652 3,216 12,530 8,898
NET INTEREST INCOME 13,524 11,414 37,644 32,614
Provision for loan losses 1,069 96 2,148 1,137
Net interest income after provision for loan losses 12,455 11,318 35,496 31,477
NONINTEREST INCOME        
Service charges on deposit accounts 275 207 741 559
Income on bank owned life insurance 520 151 958 453
Interchange and debit card transaction fees 167 293 459 906
Mortgage fee income 9,008 10,018 24,634 28,604
Gain on sale of portfolio loans 5 265 217 477
Insurance and investment services income 199 147 540 395
Gain on sale of available-for-sale securities, net 1 105 327 455
Gain (loss) on derivatives, net (728) (1,306) 509 (2,216)
Commercial swap fee income 6 52 419 322
Holding gain on equity securities 623 0 583 0
Other operating income 435 226 958 594
Total noninterest income 10,511 10,158 30,345 30,549
NONINTEREST EXPENSES        
Salary and employee benefits 11,520 11,249 34,487 33,009
Occupancy expense 1,049 1,042 3,178 3,083
Equipment depreciation and maintenance 834 783 2,439 2,214
Data processing and communications 938 1,139 2,735 3,833
Mortgage processing 867 818 2,751 2,455
Marketing, contributions, and sponsorships 271 263 966 867
Professional fees 1,015 851 2,548 2,264
Printing, postage, and supplies 198 320 597 783
Insurance, tax, and assessment expense 487 475 1,333 1,403
Travel, entertainment, dues, and subscriptions 712 562 1,991 1,621
Other operating expenses 526 464 1,380 1,254
Total noninterest expense 18,417 17,966 54,405 52,786
Income before income taxes 4,549 3,510 11,436 9,240
Income tax expense 970 1,192 2,432 3,088
Net income 3,579 2,318 9,004 6,152
Preferred dividends 123 123 366 374
Net income available to common shareholders - basic $ 3,456 $ 2,195 $ 8,638 $ 5,778
Earnings per share from continuing operations - basic (in dollars per share) $ 0.30 $ 0.21 $ 0.80 $ 0.56
Earnings per share from continuing operations - diluted (in dollars per share) 0.29 0.21 0.77 0.56
Cash dividends declared (in dollars per share) $ 0.03 $ 0.025    
Cash dividends paid (in dollars per share)     $ 0.08 $ 0.075
Weighted average shares outstanding - basic (in shares) 11,416,202 10,443,443 10,845,166 10,262,944
Weighted average shares outstanding - diluted (in shares) 13,113,259 12,410,070 11,690,314 10,288,534