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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest and dividend income:        
Interest and fees on loans $ 36,064 $ 33,450 $ 102,238 $ 96,477
Interest and dividends on investment securities 6,005 7,094 19,108 23,088
Dividends on non-marketable securities 234 160 619 581
Interest on interest-bearing bank deposits 276 60 687 644
Total interest and dividend income 42,579 40,764 122,652 120,790
Interest expense:        
Interest on deposits 4,068 3,479 11,759 10,305
Interest on borrowings 613 221 1,380 630
Total interest expense 4,681 3,700 13,139 10,935
Net interest income before provision for loan losses 37,898 37,064 109,513 109,855
Provision for loan losses 3,880 5,293 9,700 22,369
Net interest income after provision for loan losses 34,018 31,771 99,813 87,486
Non-interest income:        
Service charges 3,585 3,662 10,458 10,387
Bank card fees 3,076 2,828 9,014 8,530
Gain on sale of mortgages, net 668 819 1,716 2,251
Bank-owned life insurance income 475 497 1,417 1,378
Other non-interest income 1,611 2,135 7,149 5,299
OREO related income 136 1,667 449 2,190
Total non-interest income 9,551 11,608 30,203 30,035
Non-interest expense:        
Salaries and benefits 19,363 20,091 59,662 60,315
Occupancy and equipment 5,208 5,666 15,887 17,440
Telecommunications and data processing 1,702 1,487 4,841 4,599
Marketing and business development 683 687 1,878 1,802
FDIC deposit insurance 715 734 2,106 2,719
Bank card expenses 971 1,133 2,751 3,009
Professional fees 754 909 2,441 2,343
Other non-interest expense 2,700 2,198 7,839 6,265
Problem asset workout 1,636 1,172 3,389 3,104
Gain on OREO sales, net (497) (2,077) (2,254) (4,120)
Intangible asset amortization 1,370 1,370 4,110 4,110
Total non-interest expense 34,605 33,370 102,650 101,586
Income before income taxes 8,964 10,009 27,366 15,935
Income tax expense 1,733 1,695 2,668 2,866
Net income $ 7,231 $ 8,314 $ 24,698 $ 13,069
Income per share-basic (in dollars per share) $ 0.27 $ 0.30 $ 0.92 $ 0.45
Income per share-diluted (in dollars per share) $ 0.26 $ 0.30 $ 0.89 $ 0.45
Weighted average number of common shares outstanding:        
Basic (Shares) 26,947,821 27,654,827 26,902,128 28,991,094
Diluted (Shares) 27,628,734 27,898,756 27,636,675 29,111,322