XML 17 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income:    
Interest and fees on loans $ 13,592 $ 11,052
Interest on investment securities 3,221 2,361
Interest on certificates of deposit investments 73 0
Interest on deposits with other financial institutions 93 26
Total interest income 16,979 13,439
Interest expense:    
Interest on deposits 579 532
Interest on securities sold under agreements to repurchase 18 14
Interest on FHLB borrowings 150 153
Interest on subordinated debentures 145 128
Total interest expense 892 827
Net interest income 16,087 12,612
Provision for loan losses 113 265
Net interest income after provision for loan losses 15,974 12,347
Other income:    
Trust revenues 981 920
Brokerage commissions 448 278
Insurance commissions 1,333 635
Service charges 1,509 1,189
Securities gains, net 260 229
Mortgage banking revenue, net 95 167
ATM / debit card revenue 1,489 1,006
Bank Owned Life Insurance Income 9 0
Other 520 375
Total other income 6,644 4,799
Other expense:    
Salaries and employee benefits 7,847 6,056
Net occupancy and equipment expense 2,879 1,979
Net Other Real Estate Owned (Income) Expense (19) (8)
FDIC insurance 266 203
Amortization of intangible assets 455 155
Stationery and supplies 201 152
Legal and professional 784 582
Marketing and donations 962 217
Other 1,796 1,468
Total other expense 15,171 10,804
Income before income taxes 7,447 6,342
Income taxes 2,641 2,303
Net income 4,806 4,039
Dividends on preferred shares 550 550
Net income available to common stockholders $ 4,256 $ 3,489
Per share data:    
Basic earnings per common share $ 0.50 $ 0.50
Diluted net income per common share available to common stockholders $ 0.49 $ 0.48