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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income      
Interest and fees on loans $ 40,642 $ 31,949 $ 23,727
Interest on deposits with other banks 274 223 200
Interest on investment securities - taxable 958 1,272 1,348
Interest on tax exempt loans and securities 2,226 2,724 2,240
Total interest income 44,100 36,168 27,515
Interest expense      
Interest on deposits 6,246 5,563 3,999
Interest on repurchase agreements 83 291 567
Interest on FHLB and other borrowings 692 515 542
Interest on subordinated debt 2,204 1,142 79
Total interest expense 9,225 7,511 5,187
Net interest income 34,875 28,657 22,328
Provision for loan losses 2,493 2,582 2,260
Net interest income after provision for loan losses 32,382 26,075 20,068
Noninterest income      
Service charges on deposit accounts 646 677 673
Income on bank owned life insurance 653 588 460
Visa debit card and interchange income 987 777 641
Mortgage fee income 29,472 17,557 20,801
Gain on sale of portfolio loans 1,413 1,550 2,218
Insurance and investment services income 5,071 3,851 1,862
Gain on sale of securities 130 413 145
Gain (loss) on derivatives 675 (2) 59
Gain on sale of subsidiary     (626)
Other operating income 647 133 83
Total noninterest income 39,694 25,544 27,568
Noninterest expense      
Salary and employee benefits 39,676 31,191 27,067
Occupancy expense 3,671 2,949 1,838
Equipment depreciation and maintenance 2,070 1,535 1,257
Data processing and communications 4,115 2,865 2,324
Mortgage processing 3,158 2,514 2,407
Marketing, contributions and sponsorships 1,376 1,163 1,465
Professional fees 3,255 2,545 1,977
Printing, postage and supplies 781 750 788
Insurance, tax and assessment expense 1,530 1,574 847
Travel, entertainment, dues and subscriptions 1,699 1,430 1,244
Other operating expenses 903 1,120 1,419
Total noninterest expense 62,234 49,636 42,633
Income before income taxes 9,842 1,983 5,003
Income tax expense (benefit) 3,026 (96) 983
Net Income 6,816 2,079 4,020
Preferred dividends 575 332 85
Net Income available to common shareholders $ 6,241 $ 1,747 $ 3,935
Earnings per share - basic (in dollars per share) $ 0.78 $ 0.22 $ 0.59
Earnings per share - diluted (in dollars per share) $ 0.76 $ 0.22 $ 0.57
Weighted average shares outstanding - basic (in shares) 8,014,316 7,905,468 6,657,093
Weighted average shares outstanding - diluted (in shares) 9,977,616 8,102,117 6,939,028