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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income        
Loans, including fees $ 25,587,000 $ 16,657,000 $ 50,898,000 $ 28,756,000
Securities, taxable 1,489,000 1,393,000 3,174,000 2,627,000
Securities, tax-exempt 523,000 374,000 1,060,000 557,000
Other interest-earning assets 64,000 58,000 120,000 130,000
Total interest income 27,663,000 18,482,000 55,252,000 32,070,000
Interest expense        
Deposits 1,775,000 2,272,000 3,675,000 4,307,000
Short-term borrowings 39,000 27,000 76,000 49,000
Federal Home Loan Bank advances 151,000 156,000 303,000 306,000
Other borrowings 657,000 474,000 1,308,000 791,000
Total interest expense 2,622,000 2,929,000 5,362,000 5,453,000
Net interest income 25,041,000 15,553,000 49,890,000 26,617,000
Provision for loan losses (600,000) (700,000) (1,000,000) (2,600,000)
Net interest income after provision for loan losses 25,641,000 16,253,000 50,890,000 29,217,000
Noninterest income        
Services charges on accounts 812,000 522,000 1,582,000 887,000
Credit and debit card income 1,079,000 593,000 2,291,000 894,000
Mortgage banking activities 999,000 349,000 1,687,000 412,000
Earnings on bank owned life insurance 262,000 282,000 548,000 581,000
Other income 869,000 542,000 1,607,000 1,020,000
Total noninterest income 4,021,000 2,288,000 7,715,000 3,794,000
Noninterest expense        
Salaries and benefits 11,074,000 7,037,000 21,158,000 12,267,000
Occupancy 1,479,000 914,000 3,052,000 1,626,000
Furniture and equipment 596,000 368,000 1,220,000 615,000
Data processing costs 1,872,000 1,440,000 3,642,000 2,376,000
FDIC insurance costs 483,000 224,000 960,000 401,000
Merger-related costs 0 3,453,000 0 3,830,000
Other expense 4,846,000 2,630,000 9,559,000 4,158,000
Total noninterest expenses 20,350,000 16,066,000 39,591,000 25,273,000
Income before federal income tax expense 9,312,000 2,475,000 19,014,000 7,738,000
Federal income tax expense 2,754,000 966,000 5,810,000 2,649,000
Net income $ 6,558,000 $ 1,509,000 $ 13,204,000 $ 5,089,000
Basic earnings per share (in Dollars per share) $ 0.39 $ 0.13 $ 0.78 $ 0.50
Diluted earnings per share (in Dollars per share) 0.39 0.13 0.78 0.50
Cash dividends per share (in Dollars per share) $ 0.14 $ 2.12 $ 0.28 $ 2.24
Average basic shares outstanding (in Shares) 16,767,393 11,406,908 16,852,002 10,080,242
Average diluted shares outstanding (in Shares) 16,803,846 11,435,867 16,887,702 10,094,725