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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME        
Interest and fees on loans $ 27,129 $ 26,121 $ 79,642 $ 77,425
Securities 1,334 973 3,990 2,746
Federal Funds and interest‑bearing deposits 1,106 601 2,661 1,769
Total Interest Income 29,569 27,695 86,293 81,940
INTEREST EXPENSE        
Deposits 1,964 1,851 5,659 5,159
Repurchase agreements 2   5 3
Note payable 269 260 784 805
Junior subordinated debt 83 67 236 194
Total Interest Expense 2,318 2,178 6,684 6,161
NET INTEREST INCOME 27,251 25,517 79,609 75,779
PROVISION (RECAPTURE) FOR LOAN LOSS (1,654) 1,225 (1,388) 3,925
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSS 28,905 24,292 80,997 71,854
NONINTEREST INCOME        
Deposit account service charges 1,395 1,695 4,412 4,947
Net gain on sale of assets 828 107 1,531 640
Card interchange fees 803 837 2,512 2,522
Earnings on bank-owned life insurance 459 339 1,120 1,016
Other 601 573 1,485 2,224
Total Noninterest Income 4,086 3,551 11,060 11,349
NONINTEREST EXPENSE        
Salaries and employee benefits 11,829 10,997 34,552 33,058
Net occupancy expense 2,221 2,322 6,805 7,652
Regulatory fees 458 546 1,689 1,694
Data processing 662 621 1,955 1,861
Printing, stationery and office 348 395 1,065 1,094
Amortization of intangibles 267 290 816 884
Professional and director fees 606 615 1,937 1,801
Correspondent bank and customer related transaction expenses 67 82 219 243
Loan processing costs 115 77 320 317
Advertising, marketing and business development 266 173 953 570
Repossessed real estate and other asset expense 340 98 543 219
Security and protection expense 331 473 1,055 1,355
Other expenses 1,507 1,341 4,394 4,116
Total Noninterest Expense 19,017 18,030 56,303 54,864
NET INCOME BEFORE INCOME TAX EXPENSE 13,974 9,813 35,754 28,339
INCOME TAX EXPENSE 3,927 3,032 10,140 8,688
NET INCOME $ 10,047 $ 6,781 $ 25,614 $ 19,651
EARNINGS PER COMMON SHARE        
Basic $ 0.46 $ 0.31 $ 1.16 $ 0.89
Diluted $ 0.45 $ 0.31 $ 1.16 $ 0.88