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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST INCOME:        
Loans, including fees $ 22,839 $ 21,079 $ 45,067 $ 41,385
Securities:        
Taxable 452 337 723 776
Tax-exempt 1,086 384 1,896 384
Deposits in other financial institutions 150 50 292 124
Total interest income 24,527 21,850 47,978 42,669
INTEREST EXPENSE:        
Demand, money market and savings deposits 569 525 1,113 1,037
Certificates and other time deposits 1,665 1,211 3,225 2,355
Short-term borrowings 106 2 245 2
Subordinated debentures 120 162 237 325
Other borrowed funds 118 216 125 446
Total interest expense 2,578 2,116 4,945 4,165
NET INTEREST INCOME 21,949 19,734 43,033 38,504
Provision for loan losses (1,645) (1,420) (2,355) (2,103)
Net interest income after provision for loan losses 20,304 18,314 40,678 36,401
NONINTEREST INCOME:        
Nonsufficient funds fees 145 168 308 333
Service charges on deposit accounts 173 176 318 351
Gain on sale of branch assets 2,050
Loss on sale of other real estate (6)
Bank owned life insurance income 153 174 319 266
Other 741 429 1,521 869
Total noninterest income 1,212 947 4,516 1,813
NONINTEREST EXPENSE:        
Salaries and employee benefits 9,177 8,481 18,450 17,423
Net occupancy and equipment 1,214 1,274 2,446 2,358
Depreciation 415 409 832 776
Data processing and software amortization 622 827 1,275 1,453
Professional fees 401 397 935 877
Regulatory assessments and FDIC insurance 355 320 700 694
Core deposit intangibles amortization 195 207 394 415
Communications 274 358 554 692
Advertising 197 184 398 322
Other 1,073 965 2,192 1,998
Total noninterest expense 13,923 13,422 28,176 27,008
INCOME BEFORE INCOME TAXES 7,593 5,839 17,018 11,206
Provision for income taxes 2,339 1,956 5,409 3,852
NET INCOME 5,254 3,883 11,609 7,354
Preferred stock dividends 260 386
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 5,254 $ 3,623 $ 11,609 $ 6,968
EARNINGS PER COMMON SHARE:        
Basic (in dollars per share) $ 0.41 $ 0.37 $ 0.90 $ 0.71
Diluted (in dollars per share) $ 0.40 $ 0.36 $ 0.89 $ 0.70