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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST INCOME:        
Loans, including fees $ 22,252 $ 17,986 $ 43,911 $ 34,962
Securities 838 1,024 1,716 2,053
Other investments 113 81 223 159
Deposits in financial institutions 53 32 108 56
Total interest income 23,256 19,123 45,958 37,230
INTEREST EXPENSE:        
Transaction and savings deposits 695 621 1,377 1,198
Certificates and other time deposits 1,607 1,760 3,081 3,570
Other borrowed funds 31 36 61 80
Total interest expense 2,333 2,417 4,519 4,848
NET INTEREST INCOME 20,923 16,706 41,439 32,382
PROVISION FOR LOAN LOSSES 805   2,310 1,223
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 20,118 16,706 39,129 31,159
NONINTEREST INCOME:        
Customer service fees 917 634 1,780 1,165
Loan fees 671 462 1,042 1,012
Gain on sale of guaranteed portion of loans, net 960 793 1,605 1,223
Gain on sale of held-for-sale loans, net 157   232  
Other 250 89 381 185
Total noninterest income 2,955 1,978 5,040 3,585
NONINTEREST EXPENSE:        
Salaries and employee benefits 8,878 7,149 17,635 14,080
Occupancy 1,562 1,172 3,022 2,305
Professional and regulatory fees 3,605 1,767 5,072 2,547
Data processing 583 389 1,227 777
Software license and maintenance 392 341 754 656
Marketing 152 196 300 368
Loan related 263 85 372 202
Real estate acquired by foreclosure, net 382 62 395 231
Other 761 235 1,557 827
Total noninterest expense 16,578 11,396 30,334 21,993
INCOME BEFORE INCOME TAXES 6,495 7,288 13,835 12,751
PROVISION FOR INCOME TAXES 2,357 2,614 5,048 4,589
NET INCOME $ 4,138 $ 4,674 $ 8,787 $ 8,162
EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.16 $ 0.22 $ 0.34 $ 0.39
Diluted (in dollars per share) $ 0.16 $ 0.22 $ 0.33 $ 0.39