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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income    
Interest and fees on loans $ 12,431 $ 8,764
Interest on deposits with other banks 88 64
Interest on investment securities - taxable 310 239
Interest on tax exempt loans and securities 553 571
Total interest income 13,382 9,638
Interest expense    
Interest on deposits 1,888 1,367
Interest on repurchase agreements 21 24
Interest on FHLB and other borrowings 226 157
Interest on subordinated debt 552 543
Total interest expense 2,687 2,091
Net interest income 10,695 7,547
Provision for loan losses 625 659
Net interest income after provision for loan losses 10,070 6,888
Noninterest income    
Service charges on deposit accounts 173 132
Income on bank owned life insurance 161 167
Visa debit card and interchange income 292 209
Mortgage fee income 6,785 6,309
Gain on sale of portfolio loans 149 346
Insurance and investment services income 1,117 1,698
Gain on sale of securities 381 121
Gain on derivatives 401 2,249
Other operating income 217 168
Total noninterest income 9,676 11,399
Noninterest expense    
Salary and employee benefits 11,260 9,734
Occupancy expense 1,010 875
Equipment depreciation and maintenance 574 483
Data processing and communications 1,165 926
Mortgage processing 861 746
Marketing, contributions and sponsorships 299 337
Professional fees 705 662
Printing, postage and supplies 222 186
Insurance, tax and assessment expense 400 428
Travel, entertainment, dues and subscriptions 395 320
Other operating expenses 243 258
Total noninterest expense 17,134 14,955
Income before income taxes 2,612 3,332
Income tax expense 816 1,229
Net Income 1,796 2,103
Preferred dividends 186 142
Net Income available to common shareholders $ 1,610 $ 1,961
Earnings per share - basic (in dollars per share) $ 0.20 $ 0.25
Earnings per share - diluted (in dollars per share) 0.20 $ 0.24
Cash dividends declared $ 0.02  
Weighted average shares outstanding - basic (in shares) 8,061,998 7,983,285
Weighted average shares outstanding - diluted (in shares) 9,901,250 8,135,058