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Condensed Consolidated Statements of Operations (unaudited) - 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 $ 18,208 $ 17,751 $ 36,764 $ 34,990
Interest on securities        
Taxable 2,480 1,869 4,724 3,627
Tax-exempt 282 222 530 439
Other investments 297 289 603 627
Total Interest Income 21,267 20,131 42,621 39,683
Interest Expense        
Deposits 1,152 967 2,266 1,974
Other borrowings 485 463 962 917
Total Interest Expense 1,637 1,430 3,228 2,891
Net Interest Income 19,630 18,701 39,393 36,792
Provision for loan losses (734) (134) (1,264) (793)
Net Interest Income After Provision for Loan Losses 20,364 18,835 40,657 37,585
Non-Interest Income        
Service charges on deposit accounts 3,038 3,117 5,883 5,967
Interchange income 1,976 2,240 3,854 4,382
Net gains (losses) on assets        
Mortgage loans 2,529 1,784 4,171 3,923
Securities 185 (33) 347 52
Mortgage loan servicing, net (334) 1,452 (1,312) 1,032
Title insurance fees 253 337 541 593
Other 1,933 2,090 3,905 4,000
Total Non-Interest Income 9,580 10,987 17,389 19,949
Non-Interest Expense        
Compensation and employee benefits 12,000 11,791 23,881 23,576
Occupancy, net 1,856 2,040 4,063 4,459
Data processing 1,936 2,027 4,037 3,957
Furniture, fixtures and equipment 965 965 1,949 1,917
Communications 722 694 1,610 1,430
Loan and collection 571 967 1,396 2,122
Advertising 478 448 955 932
Legal and professional 345 453 758 833
FDIC deposit insurance 331 351 665 694
Interchange expense 267 289 533 580
Credit card and bank service fees 198 203 385 405
Vehicle service contract counterparty contingencies (1) 30 29 59
Provision for loss reimbursement on sold loans 0 45 (15) (24)
Costs (recoveries) related to unfunded lending commitments (80) 4 (67) 20
Net gains on other real estate and repossessed assets (159) (139) (165) (178)
Other 1,466 1,411 2,926 2,948
Total Non-Interest Expense 20,895 21,579 42,940 43,730
Income Before Income Tax 9,049 8,243 15,106 13,804
Income tax expense 2,611 2,624 4,568 4,404
Net Income $ 6,438 $ 5,619 $ 10,538 $ 9,400
Net Income Per Common Share        
Basic (in dollars per share) [1] $ 0.30 $ 0.25 $ 0.49 $ 0.41
Diluted (in dollars per share) 0.30 0.24 0.48 0.40
Dividends Per Common Share        
Declared (in dollars per share) 0.08 0.06 0.16 0.12
Paid (in dollars per share) $ 0.08 $ 0.06 $ 0.16 $ 0.12
[1] Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.