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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest Income        
Loans, including fees $ 15,315 $ 14,585 $ 29,930 $ 29,673
Investment securities 2,189 1,662 4,389 3,329
Other interest-earning assets 239 494 439 667
Total interest income 17,743 16,741 34,758 33,669
Interest Expense        
Deposits 891 918 1,770 1,807
Other borrowings 553 581 1,071 1,122
Total interest expense 1,444 1,499 2,841 2,929
Net interest income before (reversal of) provision for loan and lease losses 16,299 15,242 31,917 30,740
(Reversal of) provision for loan and lease losses (1,000)   (1,000)  
Net interest income after (reversal of) provision for loan and lease losses 17,299 15,242 32,917 30,740
Non-Interest Income        
Fees and service charges 1,194 1,213 2,403 2,420
Net gain on sale of mortgage loans 530 484 988 870
Earnings on BOLI 289 215 576 426
Other mortgage fee income 148 118 239 256
Gain on sale of investment securities 87   638 505
Gain on derivative instruments 65   597  
Other income 270 241 549 795
Total non-interest income 2,583 2,271 5,990 5,272
Non-Interest Expense        
Salaries and employee benefits 6,607 5,786 12,925 12,045
Professional services 1,972 1,702 3,858 3,108
Occupancy and equipment 1,649 1,748 3,276 3,335
Information technology 630 541 1,230 1,142
Regulatory assessments 315 300 625 597
Loan department expense 259 260 486 546
Sales and marketing 246 295 490 612
Amortization of intangible assets 243 262 486 524
Communication costs 125 144 250 285
OREO Write-downs     217  
Other expense 1,018 391 1,842 1,048
Total non-interest expense 13,064 11,429 25,685 23,242
Income before income taxes 6,818 6,084 13,222 12,770
Income tax expense 2,603 2,284 5,022 4,901
Net income 4,215 3,800 8,200 7,869
Accretion on preferred stock   70   70
Net income available to common shareholders $ 4,215 $ 3,730 $ 8,200 $ 7,799
Earnings Per Common Share        
Basic (in dollars per share) $ 0.12 $ 0.11 $ 0.24 $ 0.23
Diluted (in dollars per share) 0.12 0.11 0.24 0.23
Dividends Declared Per Common Share (in dollars per share) $ 0.06 $ 0.06 $ 0.12 $ 0.11