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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
INTEREST INCOME:        
Loans, including fees $ 18,745 $ 16,121 $ 53,707 $ 47,434
Securities 954 870 3,007 2,407
Other investments 82 80 241 236
Deposits in financial institutions 36 75 92 293
Total interest income 19,817 17,146 57,047 50,370
INTEREST EXPENSE:        
Demand and savings deposits 657 708 1,855 2,501
Certificates and other time deposits 1,624 2,044 5,194 5,805
Other borrowed funds 24 100 104 401
Total interest expense 2,305 2,852 7,153 8,707
NET INTEREST INCOME 17,512 14,294 49,894 41,663
PROVISION FOR LOAN LOSSES 220 (1) 1,443 1,126
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 17,292 14,295 48,451 40,537
NONINTEREST INCOME:        
Customer service fees 694 470 1,859 1,350
Loan fees 422 295 1,434 931
Gain on sale of guaranteed portion of loans 1,050 240 2,273 1,032
Other 168 107 353 392
Total noninterest income 2,334 1,112 5,919 3,705
NONINTEREST EXPENSE:        
Salaries and employee benefits 8,131 6,629 22,211 19,373
Occupancy 1,138 1,189 3,443 3,499
Professional and regulatory fees 1,488 762 4,035 2,376
Data processing 403 347 1,180 1,066
Software license and maintenance 350 258 1,006 687
Marketing 191 242 559 504
Loan related 101 229 303 456
Real estate acquired by foreclosure, net 85 (552) 316 (624)
Other 673 633 1,500 1,906
Total noninterest expense 12,560 9,737 34,553 29,243
INCOME BEFORE INCOME TAXES 7,066 5,670 19,817 14,999
PROVISION FOR INCOME TAXES 2,533 2,109 7,122 5,453
NET INCOME $ 4,533 $ 3,561 $ 12,695 $ 9,546
EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.20 $ 0.17 $ 0.59 $ 0.46
Diluted (in dollars per share) $ 0.20 $ 0.17 $ 0.58 $ 0.46