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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and fees on loans    
Taxable $ 15,550 $ 13,291
Tax-exempt 121 145
Interest and dividends on securities    
Taxable 1,128 1,084
Tax-exempt 723 642
Interest on interest bearing deposits with other banks 152 3
Total interest income 17,674 15,165
Interest expense    
Interest on deposits 2,390 2,170
Interest on short-term borrowings 994 240
Interest on long-term borrowings and subordinated debentures 660 976
Total interest expense 4,044 3,386
Net interest income 13,630 11,779
Provision for loan losses 250 250
Net interest income after provision for loan losses 13,380 11,529
Noninterest income    
Insurance commissions 968 924
Service fees related to deposit accounts 1,168 978
Realized securities gains (losses), net (58) 393
Bank owned life insurance income 250 256
Other 251 255
Total noninterest income 2,579 2,806
Noninterest expenses    
Salaries, commissions and employee benefits 5,187 4,682
Net occupancy expense 567 540
Equipment expense 735 656
Professional fees 285 472
Marketing and Advertising Expense 108 99
Amortization of intangibles 97 50
FDIC premiums 210 300
Business Combination, Acquisition Related Costs 109 112
Foreclosed properties expense 104 124
Gain on sales of foreclosed properties, net (156) (6)
Write-downs of foreclosed properties 418 109
Litigation Settlement 9,900 0
Other 1,452 1,416
Total noninterest expenses 19,016 8,554
Income (loss) before income tax expense (benefit) (3,057) 5,781
Income tax expense (benefit) (1,441) 1,719
Net income (loss) (1,616) 4,062
Net income (loss) applicable to common shares $ (1,616) $ 4,062
Basic earnings per common share $ (0.15) $ 0.38
Diluted earnings per common share $ (0.15) $ 0.38