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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income      
Loans $ 44,316 $ 38,092 $ 34,242
Investment securities 1,577 1,784 1,813
Federal funds sold 137 72 63
Total interest income 46,030 39,948 36,118
Interest expense      
Deposits 3,585 2,820 2,862
Borrowings 3,916 4,088 4,235
Total interest expense 7,501 6,908 7,097
Net interest income 38,529 33,040 29,021
Provision for loan losses 3,200 4,175 3,475
Net interest income after provision for loan losses 35,329 28,865 25,546
Noninterest income      
Loan and mortgage fee income 5,273 2,854 1,235
Service fees on deposit accounts 893 923 879
Income from bank owned life insurance 685 667 658
Gain on sale of investment securities 297 230  
Other income 1,268 1,106 1,030
Total noninterest income 8,416 5,780 3,802
Noninterest expenses      
Compensation and benefits 17,048 14,043 12,302
Occupancy 3,310 2,978 3,056
Other real estate owned expenses 1,142 647 179
Data processing and related costs 2,447 2,514 2,406
Insurance 855 832 818
Professional fees 987 952 858
Marketing 870 774 731
Other 1,550 2,167 1,462
Total noninterest expenses 28,209 24,907 21,812
Income before income tax expense 15,536 9,738 7,536
Income tax expense 5,369 3,113 2,416
Net income 10,167 6,625 5,120
Preferred stock dividend   915 771
Gain on redemption of preferred stock     (20)
Net income available to common shareholders $ 10,167 $ 5,710 $ 4,369
Earnings per common share      
Basic $ 1.64 $ 1.15 $ 1.02
Diluted $ 1.55 $ 1.10 $ 0.98
Weighted average common shares outstanding      
Basic 6,204,518 4,980,595 4,279,992
Diluted 6,560,739 5,199,376 4,458,918