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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
INTEREST INCOME    
Interest and fees on loans $ 26,753 $ 20,986
Interest on securities available for sale:    
Taxable 926 1,182
Tax-exempt 121 140
Interest on loans held for sale 11 10
Interest on interest-earning deposits 87 43
Total interest income 27,898 22,361
INTEREST EXPENSE    
Interest on savings and interest-bearing deposit accounts 1,160 791
Interest on certificates of deposit 1,489 663
Interest on borrowed funds 479 392
Interest on capital lease obligation 122 128
Subtotal - interest expense 3,250 1,974
Interest on interest-bearing demand - brokered 741 280
Interest on certificates of deposits - brokered 497 524
Total Interest expense 4,488 2,778
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES 23,410 19,583
Provision for loan losses 1,700 1,350
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 21,710 18,233
OTHER INCOME    
Wealth management fee income 4,295 4,031
Service charges and fees 807 805
Bank owned life insurance 342 537
Gain on loans held for sale at fair value (Mortgage banking) 121 $ 148
Gain on loans held for sale at lower of cost or fair value 124
Other income 473 $ 93
Securities gains, net 101 268
Total other income 6,263 5,882
OPERATING EXPENSES    
Salaries and employee benefits 10,908 9,425
Premises and equipment 2,864 2,616
Other operating expense 5,434 3,727
Total noninterest expense 19,206 15,768
INCOME BEFORE INCOME TAX EXPENSE 8,767 8,347
Income tax expense 3,278 3,339
NET INCOME $ 5,489 $ 5,008
EARNINGS PER SHARE    
Basic (in dollars per share) $ 0.35 $ 0.34
Diluted (in dollars per share) $ 0.34 $ 0.33
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING    
Basic (in shares) 15,858,278 14,909,722
Diluted (in shares) 16,016,972 15,070,352