XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income        
Interest and fees on loans $ 31,513 $ 27,129 $ 90,468 $ 79,642
Debt securities 1,535 1,334 4,478 3,990
Federal Funds and interest-bearing deposits 1,617 1,106 3,931 2,661
Total Interest Income 34,665 29,569 98,877 86,293
Interest expense        
Deposits 2,961 1,964 7,035 5,659
Repurchase agreements 1 2 3 5
Federal Home Loan Bank advances 61   73  
Note payable 4 269 11 784
Junior subordinated debt 112 83 314 236
Total interest expense 3,139 2,318 7,436 6,684
Net interest income 31,526 27,251 91,441 79,609
Provision (recapture) for loan losses (1,142) (1,654) 413 (1,388)
Net interest income after provision for loan losses 32,668 28,905 91,028 80,997
Noninterest income        
Deposit account service charges 1,597 1,395 4,572 4,412
Net gain on sale of assets 152 828 492 1,531
Card interchange fees 922 803 2,820 2,512
Earnings on bank-owned life insurance 443 459 1,359 1,120
Other 412 601 1,150 1,485
Total noninterest Income 3,526 4,086 10,393 11,060
Noninterest expense        
Salaries and employee benefits 12,499 11,829 37,690 34,552
Net occupancy expense 2,428 2,221 7,126 6,805
Regulatory fees 488 458 1,546 1,689
Data processing 664 662 2,013 1,955
Printing, stationery and office 503 348 1,394 1,065
Amortization of intangibles 245 267 748 816
Professional and director fees 809 606 2,414 1,937
Correspondent bank and customer related transaction expenses 66 67 201 219
Loan processing costs 102 115 295 320
Advertising, marketing and business development 437 266 1,418 953
Repossessed real estate and other asset expense 3 340 65 543
Security and protection expense 346 331 959 1,055
Telephone and communications 342 311 1,122 972
Other expenses 1,032 1,196 3,269 3,422
Total noninterest expense 19,964 19,017 60,260 56,303
Net income before income tax expense 16,230 13,974 41,161 35,754
Income tax expense 3,207 3,927 7,984 10,140
Net income $ 13,023 $ 10,047 $ 33,177 $ 25,614
Earnings per common share        
Basic $ 0.52 $ 0.46 $ 1.34 $ 1.16
Diluted $ 0.52 $ 0.45 $ 1.33 $ 1.16