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CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Loans:    
Taxable $ 28,842 $ 23,541
Tax exempt 317 323
Investment securities:    
Taxable 1,457 2,902
Tax exempt 912 921
Federal funds sold and cash investments 311 280
Total interest income 31,839 27,967
Interest expense:    
Deposits 2,386 2,222
Short-term borrowings 80 68
FHLB advances and other borrowings 566 136
Subordinated debt 873 1,057
Trust preferred debentures 473 443
Total interest expense 4,378 3,926
Net interest income 27,461 24,041
Provision for loan losses 1,533 1,125
Net interest income after provision for loan losses 25,928 22,916
Noninterest income:    
Commercial FHA revenue 6,695 6,562
Residential mortgage banking revenue 2,916 1,121
Wealth management revenue 2,872 1,785
Service charges on deposit accounts 892 907
Interchange revenue 977 964
Gain on sales of investment securities, net 67 204
Other-than-temporary impairment on investment securities   (824)
Gain on sales of other real estate owned 36 (4)
Other income 1,875 1,903
Total noninterest income 16,330 12,618
Noninterest expense:    
Salaries and employee benefits 17,115 15,387
Occupancy and equipment 3,184 3,310
Data processing 2,796 2,620
FDIC insurance 370 463
Professional 2,992 1,701
Marketing 642 643
Communications 546 516
Loan expense 420 486
Other real estate owned 412 152
Amortization of intangible assets 525 580
Other expense 1,783 1,780
Total noninterest expense 30,785 27,638
Income before income taxes 11,473 7,896
Income taxes 2,983 2,777
Net income available to common shareholders $ 8,490 $ 5,119
Per common share data:    
Basic earnings per common share $ 0.54 $ 0.43
Diluted earnings per common share $ 0.52 $ 0.42
Weighted average common shares outstanding 15,736,412 11,957,381
Weighted average diluted common shares outstanding 16,351,637 12,229,293