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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Interest and fees on loans $ 23,391 $ 22,146 $ 46,357 $ 41,306
Interest and dividends on taxable investment securities 4,738 4,553 9,419 8,916
Interest on tax-exempt investment securities 781 806 1,561 1,402
Other interest income 11 61 27 101
Total interest income 28,921 27,566 57,364 51,725
Interest expense:        
Interest on deposits 1,503 1,618 3,104 3,177
Interest on short-term borrowings 105 31 192 66
Interest on long-term borrowings 1,005 1,124 1,993 2,270
Total interest expense 2,613 2,773 5,289 5,513
Net interest income 26,308 24,793 52,075 46,212
Provision for loan losses 727 672 1,682 1,022
Net interest income after provision for loan losses 25,581 24,121 50,393 45,190
Other income:        
Insurance income 3,299 3,283 7,797 7,595
Trust and investment income 2,776 2,544 5,158 4,591
Electronic banking income 2,567 2,312 5,102 4,292
Deposit account service charges 2,563 2,848 5,166 5,143
Net gain on investment securities 767 11 863 611
Mortgage banking income 265 412 425 715
Net loss on asset disposals and other transactions (769) (136) (800) (1,239)
Other non-interest income 897 527 1,773 1,098
Total other income 12,365 11,801 25,484 22,806
Other expenses:        
Salaries and employee benefit costs 13,972 14,560 28,297 31,921
Net occupancy and equipment expense 2,581 3,138 5,387 5,433
Professional fees 2,123 1,808 3,582 4,255
Electronic banking expense 1,485 1,320 2,918 2,444
Data processing and software expense 1,013 1,025 1,762 1,760
Amortization of other intangible assets 1,007 1,144 2,015 1,817
Communication expense 584 592 1,212 1,094
FDIC insurance expense 540 530 1,157 954
Franchise tax expense 483 502 1,021 1,050
Marketing expense 414 1,071 812 1,716
Foreclosed real estate and other loan expenses 100 551 351 872
Other non-interest expense 2,203 2,537 4,273 8,376
Total other expenses 26,505 28,778 52,787 61,692
Income before income taxes 11,441 7,144 23,090 6,304
Income tax expense 3,479 2,231 7,133 2,080
Net income $ 7,962 $ 4,913 $ 15,957 $ 4,224
Earnings per common share - basic $ 0.44 $ 0.27 $ 0.88 $ 0.25
Earnings per common share - diluted $ 0.44 $ 0.27 $ 0.88 $ 0.24
Weighted-average number of common shares outstanding - basic 17,980,797 18,116,090 18,026,272 16,965,603
Weighted-average number of common shares outstanding - diluted 18,113,812 18,253,918 18,154,260 17,094,095
Cash dividends declared $ 2,904 $ 2,758 $ 5,652 $ 5,030
Cash dividends declared per common share $ 0.16 $ 0.15000 $ 0.31 $ 0.3000