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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest Income        
Interest and fees on loans $ 19,949 $ 18,208 $ 39,807 $ 36,764
Interest on securities        
Taxable 2,781 2,480 5,535 4,724
Tax-exempt 511 282 966 530
Other investments 292 297 604 603
Total Interest Income 23,533 21,267 46,912 42,621
Interest Expense        
Deposits 1,478 1,152 2,921 2,266
Other borrowings and subordinated debentures 563 485 1,033 962
Total Interest Expense 2,041 1,637 3,954 3,228
Net Interest Income 21,492 19,630 42,958 39,393
Provision for loan losses 583 (734) 224 (1,264)
Net Interest Income After Provision for Loan Losses 20,909 20,364 42,734 40,657
Non-interest Income        
Service charges on deposit accounts 3,175 3,038 6,184 5,883
Interchange income 2,005 1,976 3,927 3,854
Net gains (losses) on assets        
Mortgage loans 3,344 2,529 5,915 4,171
Securities (34) 185 (7) 347
Mortgage loan servicing, net (158) (334) 667 (1,312)
Title insurance fees 323 253 587 541
Other 1,791 1,933 3,512 3,905
Total Non-Interest Income 10,446 9,580 20,785 17,389
Non-interest Expense        
Compensation and employee benefits 13,380 12,000 27,527 23,881
Occupancy, net 1,920 1,856 4,062 4,063
Data processing 1,937 1,936 3,874 4,037
Furniture, fixtures and equipment 1,005 965 1,982 1,949
Communications 678 722 1,361 1,610
Loan and collection 670 571 1,083 1,396
Advertising 519 478 1,025 955
Legal and professional 389 345 826 758
Interchange expense 292 267 575 533
FDIC deposit insurance 202 331 400 665
Credit card and bank service fees 136 198 327 385
Other 1,633 1,226 3,288 2,708
Total Non-Interest Expense 22,761 20,895 46,330 42,940
Income Before Income Tax 8,594 9,049 17,189 15,106
Income tax expense 2,663 2,611 5,284 4,568
Net Income $ 5,931 $ 6,438 $ 11,905 $ 10,538
Net Income Per Common Share        
Basic (in dollars per share) [1] $ 0.28 $ 0.30 $ 0.56 $ 0.49
Diluted (in dollars per share) 0.27 0.30 0.55 0.48
Dividends Per Common Share        
Declared (in dollars per share) 0.10 0.08 0.20 0.16
Paid (in dollars per share) $ 0.10 $ 0.08 $ 0.20 $ 0.16
[1] Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.