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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income        
Interest and fees on loans $ 16,420 $ 14,346 $ 32,271 $ 28,155
Interest and dividends on investments 1,489 1,297 3,092 2,747
Total interest income 17,909 15,643 35,363 30,902
Interest expense 698 740 1,452 1,500
Net interest income 17,211 14,903 33,911 29,402
Provision for loan losses 225 450 425 600
Net interest income after provision for loan losses 16,986 14,453 33,486 28,802
Non-interest income        
Service charges on deposit accounts 531 614 1,044 1,257
Card processing 1,136 1,066 2,167 2,068
Mortgage banking 2,277 2,025 4,025 3,797
Other operating 454 438 925 1,165
Total non-interest income 4,398 4,143 8,161 8,287
Non-interest expense        
Salaries and employee benefits 7,959 7,308 15,843 14,502
Occupancy, equipment and depreciation 1,076 955 2,064 1,945
Data processing 740 764 1,447 1,379
FDIC premiums 188 191 383 378
Card processing 549 534 1,139 1,004
Other real estate owned 5 40 37 57
Marketing and advertising 290 204 459 377
Other 1,593 1,487 3,163 3,060
Total non-interest expense 12,400 11,483 24,535 22,702
Income before income tax expense 8,984 7,113 17,112 14,387
Income tax expense 3,407 2,449 6,292 4,925
Net income $ 5,577 $ 4,664 $ 10,820 $ 9,462
Earnings per common share:        
Basic $ 0.31 $ 0.31 $ 0.61 $ 0.63
Diluted $ 0.31 $ 0.30 $ 0.60 $ 0.61
Weighted average common shares outstanding:        
Basic 17,738,182 15,197,106 17,685,235 14,984,885
Diluted 18,173,034 15,684,499 18,148,713 15,493,816