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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income        
Interest and fees on loans $ 19,849 $ 17,918 $ 39,316 $ 35,737
Interest on money market investments and federal funds sold 115 38 196 61
Interest and dividends on securities        
U.S. government agencies and corporations 190 100 384 206
Tax-exempt obligations of states and political subdivisions 1,105 1,136 2,232 2,278
Corporate bonds and other 453 38 878 71
Total interest income 21,712 19,230 43,006 38,353
Interest expense        
Savings and interest-bearing deposits 248 186 520 405
Certificates of deposit, $100 or more 317 354 670 729
Other time deposits 463 468 951 953
Borrowings 878 885 1,748 1,766
Trust preferred capital notes 235 189 472 377
Total interest expense 2,141 2,082 4,361 4,230
Net interest income 19,571 17,148 38,645 34,123
Provision for loan losses 3,265 3,120 6,775 6,300
Net interest income after provision for loan losses 16,306 14,028 31,870 27,823
Noninterest income        
Gains on sales of loans 1,647 3,577 2,837 5,278
Service charges on deposit accounts 1,116 996 2,178 1,920
Other service charges and fees 1,615 1,472 2,996 2,976
Net gains on sales/calls of available for sale securities 3 4 3 6
Other income 885 914 2,064 1,881
Total noninterest income 5,266 6,963 10,078 12,061
Noninterest expenses        
Salaries and employee benefits 9,065 8,229 18,224 15,298
Occupancy expenses 2,183 1,770 4,315 3,538
Other expenses 5,008 4,549 10,071 8,741
Total noninterest expenses 16,256 14,548 32,610 27,577
Income before income taxes 5,316 6,443 9,338 12,307
Income tax expense 1,574 2,265 2,703 4,123
Net income $ 3,742 $ 4,178 $ 6,635 $ 8,184
Per common share data        
Net income – basic (in Dollars per share) $ 1.10 $ 1.28 $ 1.95 $ 2.50
Net income – assuming dilution (in Dollars per share) $ 1.09 $ 1.22 $ 1.91 $ 2.41
Weighted average number of shares – basic (in Shares) 3,405,245 3,276,039 3,403,042 3,271,376
Weighted average number of shares – assuming dilution (in Shares) 3,442,468 3,413,052 3,467,054 3,392,165