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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest Income:    
Interest and fees on loans $ 9,521 $ 5,068
Interest and dividends on investment securities: Taxable 697 682
Interest and dividends on investment securities: Exempt from federal taxes 242 334
Interest on cash and cash equivalents 34 21
Total interest and dividend income 10,494 6,105
Interest Expense:    
Interest on NOW, money market and savings 484 164
Interest on time deposits 301 117
Interest on brokered deposits 92 62
Interest on FHLB advances 169 94
Interest on repurchase agreements 6 11
Interest on junior subordinated debentures 92 81
Interest on subordinated debt 104 104
Interest on other borrowings 14 17
Total interest expense 1,262 650
Net interest income 9,232 5,455
Provision for credit losses 325 330
Net interest income after provision for credit losses 8,907 5,125
Non-interest Income:    
Service charges 363 307
Wealth management 374 397
Mortgage banking 36 32
Increase in cash surrender value of BOLI 55 55
Gains on sale of investment securities, net   31
Gain on sale of loans   39
Gains from insurance proceeds 80 1,150
Other fees 398 318
Total non-interest income 1,306 2,329
Non-interest Expense:    
Salaries and employee benefits 3,641 3,126
Furniture and equipment 496 329
Occupancy 719 468
Professional and consulting 393 497
Advertising and marketing 166 183
Printing and supplies 50 33
FDIC insurance 195 129
PA shares tax 225 162
Telecommunications 90 61
Postage 35 21
Gain on sale or write down of OREO, net (1)  
Due diligence and merger expense 51  
Other expenses 685 409
Total non-interest expense 6,745 5,418
Income before income tax expense 3,468 2,036
Income tax expense 1,027 480
Net income $ 2,441 $ 1,556
Earnings per common share:    
Basic $ 0.57 $ 0.55
Diluted 0.57 0.54
Cash dividends per common share $ 0.07 $ 0.07
Weighted average common shares outstanding:    
Basic 4,246,593 2,832,521
Diluted 4,274,209 2,869,119