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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income        
Interest and fees on loans $ 30,493 $ 26,560 $ 58,955 $ 52,513
Debt securities 1,507 1,353 2,943 2,656
Federal Funds and interest-bearing deposits 1,127 813 2,314 1,555
Total Interest Income 33,127 28,726 64,212 56,724
Interest expense        
Deposits 2,126 1,857 4,074 3,695
Repurchase agreements 1 1 2 3
Federal Home Loan Bank advances 12   12  
Note payable 3 264 7 515
Junior subordinated debt 109 79 202 153
Total interest expense 2,251 2,201 4,297 4,366
Net interest income 30,876 26,525 59,915 52,358
Provision (recapture) for loan losses 690 (694) 1,555 266
Net interest income after provision for loan losses 30,186 27,219 58,360 52,092
Noninterest income        
Deposit account service charges 1,497 1,517 2,975 3,017
Net gain on sale of assets 210 339 340 703
Card interchange fees 971 877 1,898 1,709
Earnings on bank-owned life insurance 465 335 916 661
Other 363 458 738 884
Total noninterest Income 3,506 3,526 6,867 6,974
Noninterest expense        
Salaries and employee benefits 12,496 11,299 25,191 22,723
Net occupancy expense 2,433 2,351 4,698 4,584
Regulatory fees 513 621 1,058 1,231
Data processing 666 651 1,349 1,293
Printing, stationery and office 480 370 891 717
Amortization of intangibles 248 271 503 549
Professional and director fees 686 706 1,605 1,331
Correspondent bank and customer related transaction expenses 68 78 135 152
Loan processing costs 75 133 193 205
Advertising, marketing and business development 475 508 981 687
Repossessed real estate and other asset expense 5 85 62 203
Security and protection expense 311 352 613 724
Telephone and communications 394 307 780 661
Other expenses 1,162 1,127 2,237 2,226
Total noninterest Expense 20,012 18,859 40,296 37,286
Net income before income tax expense 13,680 11,886 24,931 21,780
Income tax expense 2,638 3,181 4,777 6,213
Net income $ 11,042 $ 8,705 $ 20,154 $ 15,567
Earnings per common share        
Basic $ 0.44 $ 0.39 $ 0.81 $ 0.71
Diluted $ 0.44 $ 0.39 $ 0.81 $ 0.70