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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income:    
Interest and fees on loans $ 21,554 $ 17,920
Interest on investments 3,985 4,618
Other interest income 82 156
Total interest income 25,621 22,694
Deposits:    
Interest bearing demand 584 413
Savings 15 11
Time 131 85
Other borrowings 25 26
Total interest expense 755 535
Net interest income 24,866 22,159
Loan loss (provision)/ recovery 0 0
Net interest income after loan loss (provision)/ recovery 24,866 22,159
Non-interest income:    
Service charges on deposit accounts 1,651 1,372
Card issuer and merchant services fees, net 2,276 1,835
Earnings on BOLI 286 258
Mortgage banking income, net 1,147 495
Swap fee income 256 666
SBA gain on sales and fee income 798 174
ATM income 423 243
Other income 639 413
Total non-interest income 7,476 5,456
Non-interest expense:    
Salaries and employee benefits 12,628 13,029
Occupancy 1,744 2,680
Information technology 1,181 1,397
Equipment 467 448
Communications 593 610
Federal Deposit Insurance Corporation (FDIC) insurance 517 377
OREO (income) expense 10 212
Professional services 891 1,598
Card issuer 872 909
Insurance 160 175
CDI Amortization 374 205
Other expenses 1,898 2,878
Total non-interest expense 21,335 24,518
Income before income taxes 11,007 3,097
Income tax provision (4,245) (1,157)
Net income $ 6,762 $ 1,940
Basic and diluted income per share:    
Net income per common share (in dollars per share) $ 0.09 $ 0.03
Net income per common share (diluted) (in dollars per share) $ 0.09 $ 0.03