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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and Dividend Income        
Loans, including fees $ 17,385 $ 13,039 $ 33,994 $ 26,097
Loans held-for-sale 37 39 61 67
Securities:        
Taxable 2,607 4,382 5,570 8,593
Tax exempt 1,975 220 3,040 399
Dividends from Federal Reserve Bank and Federal Home Loan Bank stock 92 84 177 168
Interest bearing deposits with financial institutions 31 15 54 34
Total interest and dividend income 22,127 17,779 42,896 35,358
Interest Expense        
Savings, NOW, and money market deposits 233 193 456 384
Time deposits 1,025 869 2,004 1,691
Other short-term borrowings 150 26 258 46
Junior subordinated debentures 1,059 1,083 2,143 2,167
Senior notes 672   1,345  
Subordinated debt   243   482
Notes payable and other borrowings   2   4
Total interest expense 3,139 2,416 6,206 4,774
Net interest and dividend income 18,988 15,363 36,690 30,584
Loan loss reserve release 750   750  
Net interest and dividend income after release for loan losses 18,238 15,363 35,940 30,584
Noninterest Income        
Trust income 1,638 1,502 3,096 2,871
Service charges on deposits 1,615 1,646 3,233 3,205
Secondary mortgage fees 223 280 399 473
Mortgage servicing rights mark to market loss (429) (733) (562) (1,774)
Mortgage servicing gain / (loss), net of changes in fair value 444 422 879 843
Net gain on sales of mortgage loans 1,473 1,642 2,620 2,854
Securities loss, net (131)   (267) (61)
Increase in cash surrender value of bank-owned life insurance 350 319 709 604
Debit card interchange income 1,081 1,049 2,056 1,996
(Loss) gain on disposal and transfer of fixed assets 12   10 (1)
Other income 1,041 1,150 2,172 2,542
Total noninterest income 7,317 7,277 14,345 13,552
Noninterest Expense        
Salaries and employee benefits 10,545 8,814 21,118 17,840
Occupancy expense, net 1,462 1,346 3,028 2,927
Furniture and equipment expense 1,112 1,063 2,202 1,988
FDIC insurance 165 362 313 565
General bank insurance 264 272 534 570
Amortization of core deposit intangible 25   50  
Advertising expense 452 435 838 782
Debit card interchange expense 399 620 748 823
Legal fees 184 191 288 352
Other real estate expense, net 539 879 1,248 1,617
Other expense 2,839 2,718 5,673 5,500
Total noninterest expense 17,986 16,700 36,040 32,964
Income before income taxes 7,569 5,940 14,245 11,172
Provision for income taxes 2,112 2,095 4,216 4,005
Net income $ 5,457 $ 3,845 $ 10,029 $ 7,167
Basic earnings per share (in dollars per share) $ 0.19 $ 0.13 $ 0.34 $ 0.24
Diluted earnings per share (in dollars per share) $ 0.18 $ 0.13 $ 0.33 $ 0.24