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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income:      
Loans, including fees $ 86,346 $ 79,284 $ 68,259
Securities, taxable 13,724 10,432 6,707
Securities, exempt from Federal tax 2,256 2,290 2,183
Other investments and interest-bearing deposits in other financial institutions 4,585 2,425 1,594
Total interest income 106,911 94,431 78,743
Interest expense:      
Deposits 3,991 3,199 2,403
Subordinated debt 1,394    
Short-term borrowings 2 12 19
Total interest expense 5,387 3,211 2,422
Net interest income before provision for loan losses 101,524 91,220 76,321
Provision for loan losses 99 1,237 32
Net interest income after provision for loan losses 101,425 89,983 76,289
Noninterest income:      
Service charges and fees on deposit accounts 3,231 3,116 2,803
Increase in cash surrender value of life insurance 1,666 1,747 1,697
Gain on sales of SBA loans 1,108 796 843
Servicing income 973 1,398 1,143
Gain on proceeds from company-owned life insurance   1,119  
Gain (loss) on sales of securities (6) 1,099 642
Other 2,640 2,350 1,857
Total noninterest income 9,612 11,625 8,985
Noninterest expense:      
Salaries and employee benefits 37,029 34,660 35,146
Occupancy and equipment 4,578 4,378 4,300
Professional fees 2,982 3,471 1,828
Other 16,149 15,130 17,399
Total noninterest expense 60,738 57,639 58,673
Income before income taxes 50,299 43,969 26,601
Income tax expense 26,471 16,588 10,104
Net income 23,828 27,381 16,497
Dividends on preferred stock   (1,512) (1,792)
Net income available to common shareholders 23,828 25,869 14,705
Undistributed earnings allocated to Series C preferred stock   (1,278) (912)
Distributed and undistributed earnings allocated to common shareholders $ 23,828 $ 24,591 $ 13,793
Earnings per common share:      
Basic (in dollars per share) $ 0.63 $ 0.72 $ 0.48
Diluted (in dollars per share) $ 0.62 $ 0.72 $ 0.48