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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income        
Loans, including fees $ 26,565,000 $ 26,323,000 $ 77,463,000 $ 55,079,000
Securities, taxable 1,382,000 1,992,000 4,556,000 4,619,000
Securities, tax-exempt 512,000 553,000 1,572,000 1,110,000
Other interest-earning assets 42,000 32,000 161,000 163,000
Total interest income 28,501,000 28,900,000 83,752,000 60,971,000
Interest expense        
Deposits 1,969,000 1,971,000 5,642,000 6,279,000
Short-term borrowings 39,000 34,000 116,000 83,000
Federal Home Loan Bank advances 203,000 166,000 506,000 472,000
Other borrowings 665,000 740,000 1,973,000 1,532,000
Total interest expense 2,876,000 2,911,000 8,237,000 8,366,000
Net interest income 25,625,000 25,989,000 75,515,000 52,605,000
Provision for loan losses (500,000) (400,000) (1,500,000) (3,000,000)
Net interest income after provision for loan losses 26,125,000 26,389,000 77,015,000 55,605,000
Noninterest income        
Services charges on accounts 862,000 862,000 2,444,000 1,749,000
Credit and debit card income 1,005,000 782,000 3,296,000 1,629,000
Mortgage banking activities 1,073,000 569,000 2,784,000 981,000
Earnings on bank owned life insurance 272,000 299,000 820,000 880,000
Other income 1,065,000 387,000 2,648,000 1,456,000
Total noninterest income 4,277,000 2,899,000 11,992,000 6,695,000
Noninterest expense        
Salaries and benefits 10,745,000 10,685,000 31,903,000 23,393,000
Occupancy 1,526,000 1,515,000 4,578,000 3,141,000
Furniture and equipment 569,000 560,000 1,788,000 1,175,000
Data processing costs 1,958,000 1,585,000 5,599,000 3,606,000
FDIC insurance costs 355,000 331,000 1,315,000 733,000
Merger-related costs 0 1,250,000 0 5,081,000
Other expense 4,540,000 4,815,000 14,101,000 8,885,000
Total noninterest expenses 19,693,000 20,741,000 59,284,000 46,014,000
Income before federal income tax expense 10,709,000 8,547,000 29,723,000 16,286,000
Federal income tax expense 3,373,000 2,600,000 9,183,000 5,248,000
Net income $ 7,336,000 $ 5,947,000 $ 20,540,000 $ 11,038,000
Basic earnings per share (in Dollars per share) $ 0.45 $ 0.35 $ 1.23 $ 0.89
Diluted earnings per share (in Dollars per share) 0.45 0.35 1.23 0.89
Cash dividends per share (in Dollars per share) $ 0.15 $ 0.12 $ 0.43 $ 2.36
Average basic shares outstanding (in Shares) 16,425,933 16,852,050 16,708,444 12,362,316
Average diluted shares outstanding (in Shares) 16,461,794 16,926,249 16,743,625 12,399,009