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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest and fees on loans    
Taxable $ 20,222 $ 15,550
Tax-exempt 144 121
Interest and dividends on securities    
Taxable 1,372 1,128
Tax-exempt 1,019 723
Interest on interest bearing deposits with other banks 140 152
Total interest income 22,897 17,674
Interest expense    
Interest on deposits 3,549 2,390
Interest on short-term borrowings 1,405 994
Interest on long-term borrowings and subordinated debentures 686 660
Total interest expense 5,640 4,044
Net interest income 17,257 13,630
Provision for loan losses 500 250
Net interest income after provision for loan losses 16,757 13,380
Noninterest income    
Insurance commissions 1,113 968
Fees and Commissions, Fiduciary and Trust Activities 667 100
Service fees related to deposit accounts 1,091 683
Fees and Commissions, Credit and Debit Cards 749 534
Realized securities gains (losses), net 732 (58)
Bank owned life insurance income 275 250
Other 249 102
Total noninterest income 4,876 2,579
Noninterest expenses    
Salaries, commissions and employee benefits 6,821 5,187
Net occupancy expense 832 567
Equipment expense 1,083 735
Professional fees 333 285
Marketing and Advertising Expense 103 108
Amortization of intangibles 436 97
FDIC premiums 240 210
Business Combination, Acquisition Related Costs 0 109
Foreclosed properties expense 132 104
Gain on sales of foreclosed properties, net (64) (156)
Write-downs of foreclosed properties 257 418
Litigation Settlement 0 9,900
Other 2,141 1,452
Total noninterest expenses 12,314 19,016
Income (loss) before income tax expense 9,319 (3,057)
Income tax expense (benefit) 1,876 (1,441)
Net income (loss) $ 7,443 $ (1,616)
Basic earnings (loss) per common share $ 0.60 $ (0.15)
Diluted earnings (loss) per common share $ 0.60 $ (0.15)