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Condensed Consolidated Statements of Income (unaudited) - 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 $ 13,610 $ 11,724 $ 27,202 $ 22,776
Interest on investment securities 3,172 2,430 6,393 4,791
Interest on certificates of deposit investments 83 0 156 0
Interest on federal funds sold 1 0 1 0
Interest on deposits with other financial institutions 17 18 110 44
Total interest income 16,883 14,172 33,862 27,611
Interest expense:        
Interest on deposits 575 513 1,154 1,045
Interest on securities sold under agreements to repurchase 21 15 39 29
Interest on FHLB borrowings 165 157 315 310
Interest on other borrowings 3 13 3 13
Interest on subordinated debentures 149 130 294 258
Total interest expense 913 828 1,805 1,655
Net interest income 15,970 13,344 32,057 25,956
Provision for loan losses 733 143 846 408
Net interest income after provision for loan losses 15,237 13,201 31,211 25,548
Other income:        
Trust revenues 794 860 1,775 1,780
Brokerage commissions 466 306 914 584
Insurance commissions 735 474 2,068 1,109
Service charges 1,644 1,278 3,153 2,467
Securities gains, net 404 1 664 230
Mortgage banking revenue, net 238 210 333 377
ATM / debit card revenue 1,472 1,018 2,961 2,024
Bank Owned Life Insurance Income 174 0 183 0
Other 532 390 1,052 765
Total other income 6,459 4,537 13,103 9,336
Other expense:        
Salaries and employee benefits 7,602 6,297 15,449 12,353
Net occupancy and equipment expense 2,646 1,926 5,525 3,905
Net Other Real Estate Owned (Income) Expense 10 9 (9) 1
FDIC insurance 281 202 547 405
Amortization of intangible assets 402 156 857 311
Stationery and supplies 190 143 391 295
Legal and professional 917 600 1,701 1,182
Marketing and donations 239 277 1,201 494
Other 1,856 1,620 3,652 3,088
Total other expense 14,143 11,230 29,314 22,034
Income before income taxes 7,553 6,508 15,000 12,850
Income taxes 2,624 2,352 5,265 4,655
Net income 4,929 4,156 9,735 8,195
Dividends on preferred shares 275 550 825 1,100
Net income available to common stockholders $ 4,654 $ 3,606 $ 8,910 $ 7,095
Per share data:        
Basic earnings per common share $ 0.51 $ 0.50 $ 1.01 $ 1.00
Diluted net income per common share available to common stockholders 0.50 0.49 0.99 0.97
Common Stock, Dividends, Per Share, Declared $ 0.30 $ 0.29 $ 0.30 $ 0.29