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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
INTEREST INCOME:        
Loans, including fees $ 22,601 $ 18,745 $ 66,512 $ 53,707
Securities 809 954 2,525 3,007
Other investments 111 82 334 241
Deposits in financial institutions 78 36 186 92
Total interest income 23,599 19,817 69,557 57,047
INTEREST EXPENSE:        
Transaction and savings deposits 696 657 2,073 1,855
Certificates and other time deposits 1,651 1,624 4,732 5,194
Other borrowed funds 90 24 151 104
Total interest expense 2,437 2,305 6,956 7,153
NET INTEREST INCOME 21,162 17,512 62,601 49,894
PROVISION FOR LOAN LOSSES 3,054 220 5,364 1,443
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 18,108 17,292 57,237 48,451
NONINTEREST INCOME:        
Customer service fees 867 694 2,647 1,859
Loan fees 680 422 1,722 1,434
Gain on sale of guaranteed portion of loans, net 908 1,050 2,513 2,273
Gain on sale of held-for-sale loans, net 113   345  
Other 303 168 684 353
Total noninterest income 2,871 2,334 7,911 5,919
NONINTEREST EXPENSE:        
Salaries and employee benefits 8,562 8,131 26,197 22,211
Occupancy 1,332 1,138 4,354 3,443
Professional and regulatory fees 1,988 1,488 7,060 4,035
Data processing 610 403 1,837 1,180
Software license and maintenance 352 350 1,106 1,006
Marketing 160 191 460 559
Loan related 185 101 557 303
Real estate acquired by foreclosure, net 339 85 734 316
Other 844 673 2,401 1,500
Total noninterest expense 14,372 12,560 44,706 34,553
INCOME BEFORE INCOME TAXES 6,607 7,066 20,442 19,817
PROVISION FOR INCOME TAXES 2,528 2,533 7,576 7,122
NET INCOME $ 4,079 $ 4,533 $ 12,866 $ 12,695
EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.16 $ 0.20 $ 0.49 $ 0.59
Diluted (in dollars per share) $ 0.15 $ 0.20 $ 0.49 $ 0.58