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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 $ 17,428 $ 12,064 $ 33,090 $ 23,778
Interest on securities available for sale:        
Taxable 977 1,085 2,038 2,362
Tax-exempt 189 195 393 392
Interest on loans held for sale 15 50 25 246
Interest-earning deposits 21 66 33 114
Total interest income 18,630 13,460 35,579 26,892
INTEREST EXPENSE        
Interest on savings and interest-bearing deposit accounts 574 328 1,057 635
Interest on certificates of deposit over $100,000 165 212 317 427
Interest on other time deposits 468 274 702 559
Interest on borrowed funds 382 92 772 184
Interest on capital lease obligation 118 106 237 212
Total interest expense 1,707 1,012 3,085 2,017
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES 16,923 12,448 32,494 24,875
Provision for loan losses 1,150 500 2,475 1,350
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 15,773 11,948 30,019 23,525
OTHER INCOME        
Wealth management fee income 4,005 3,628 7,759 6,996
Service charges and fees 708 688 1,402 1,364
Bank owned life insurance 276 276 542 548
Gain on loans held for sale at fair value (Mortgage banking) 112 391 224 861
Gain on loans held for sale at lower of cost or fair value 176    176 522
Other income 117 15 188 22
Securities gains, net 79 238 177 527
Total other income 5,473 5,236 10,468 10,840
OPERATING EXPENSES        
Salaries and employee benefits 9,089 7,935 17,937 15,014
Premises and equipment 2,334 2,338 4,772 4,642
Other operating expense 3,507 3,806 6,560 6,716
Total operating expenses 14,930 14,079 29,269 26,372
INCOME BEFORE INCOME TAX EXPENSE 6,316 3,105 11,218 7,993
Income tax expense 2,533 1,096 4,404 3,091
NET INCOME $ 3,783 $ 2,009 $ 6,814 $ 4,902
EARNINGS PER COMMON SHARE        
Basic (in dollars per share) $ 0.32 $ 0.23 $ 0.58 $ 0.55
Diluted (in dollars per share) $ 0.32 $ 0.22 $ 0.58 $ 0.55
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Basic 11,721,256 8,909,170 11,664,410 8,889,971
Diluted 11,846,075 8,955,384 11,814,806 8,942,267