Consolidated Quarterly Results of Operations (Tables)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Financial Data

(dollars in thousands, except per share data)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Year Ended December 31, 2013
Total interest income	$	28,580		$	29,034		$	31,973		$	34,437
Total interest expense		8,893			9,779			10,150			10,326
Net interest income		19,687			19,255			21,823			24,111
Provision for loan losses		2,600			2,400			2,400			2,400
Net interest income after provision for loan losses		17,087			16,855			19,423			21,711
Noninterest income		2,817			2,738			2,461			5,400
Noninterest expense		15,633			15,185			17,092			19,422
Income before income taxes		4,271			4,408			4,792			7,689
Income tax benefit		(4,013	)		(4,198	)		(5,673	)		(5,867	)
Net income		8,284			8,606			10,465			13,556
Less net income attributable to noncontrolling interest		—			—			—			—
Net income attributable to Company		8,284			8,606			10,465			13,556
Less preferred stock dividends		(95	)		(95	)		(62	)		(95	)
Income available to common shareholders	$	8,189		$	8,511		$	10,403		$	13,461
Earnings per common share-basic	$	0.59		$	0.51		$	0.55		$	0.71
Earnings per common share-diluted	$	0.58		$	0.49		$	0.54		$	0.69
(dollars in thousands, except per share data)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Year Ended December 31, 2012
Total interest income	$	25,355		$	25,781		$	26,927		$	28,394
Total interest expense		7,338			7,742			7,935			8,651
Net interest income		18,017			18,039			18,992			19,743
Provision for loan losses		2,635			1,800			1,800			4,800
Net interest income after provision for loan losses		15,382			16,239			17,192			14,943
Noninterest income		2,853			3,968			1,558			4,757
Noninterest expense		13,738			13,863			13,586			13,820
Income before income taxes		4,497			6,344			5,164			5,880
Income tax (benefit) expense(1)		(1,926	)		(2,952	)		(3,130	)		443
Net income		6,423			9,296			8,294			5,437
Less net income attributable to noncontrolling interest		(118	)		—			(17	)		(375	)
Net income attributable to Company		6,305			9,296			8,277			5,062
Less preferred stock dividends		(95	)		(94	)		(226	)		(95	)
Income available to common shareholders	$	6,210		$	9,202		$	8,051		$	4,967
Earnings per common share-basic	$	0.45		$	0.66		$	0.58		$	0.36
Earnings per common share-diluted	$	0.44		$	0.65		$	0.57		$	0.35

(1) For the fourth quarter of 2012, the income tax expense was due to an adjustment for actual income tax expense (benefit) for the year ended 2012 due to a reduction in the number of tax credit projects that actually were funded and closed compared to the previous estimate.