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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income    
Loans $ 17,558 $ 13,801
Loans held for sale 661 332
Securities available for sale, nontaxable 418 123
Securities available for sale, taxable 1,602 1,935
Securities held to maturity, nontaxable 62 55
Securities held to maturity, taxable 465 577
Federal Home Loan Bank stock dividends 214 182
Other interest earning assets 80 15
Total interest income 21,060 17,020
Interest expense    
Deposits 1,621 1,612
Federal Home Loan Bank advances 955 530
Repurchase agreements and other 8 5
Total interest expense 2,584 2,147
Net interest income 18,476 14,873
Provision for loan losses 1,475 2,155
Net interest income after provision for loan losses 17,001 12,718
Non-interest income    
Insurance agency income 473 336
Brokerage income 322 300
Deposit related fees 1,290 1,326
Mortgage servicing fees 735 698
Mortgage servicing rights valuation (3) (435)
Mortgage servicing rights amortization (448) (468)
Other service fees 29 18
Net gains (losses):    
Securities available for sale (includes $29 and $153, respectively, accumulated other comprehensive income reclassifications for unrealized net gains on available for sale securities) 29 153
Mortgage banking income 1,323 1,382
Real estate owned and other repossessed assets, net (52) (13)
Debit/credit card fees 923 885
Trust fees 282  
Other income 481 476
Total non-interest income 5,384 4,658
Non-interest expense    
Salaries and employee benefits (includes $0 and $(278), respectively, accumulated other comprehensive income reclassifications from prior service credit on postretirement plan). 8,975 7,088
Occupancy 964 862
Equipment and data processing 2,079 1,835
Financial institutions tax 490 442
Advertising 124 127
Amortization of intangible assets 83 13
FDIC insurance premiums 188 326
Other insurance premiums 112 89
Legal and consulting fees 229 80
Other professional fees 520 187
Real estate owned and other repossessed asset expenses 62 72
Acquisition costs 4,962  
Other expenses 1,502 1,343
Total non-interest expenses 20,290 12,464
Income before income taxes 2,095 4,912
Income tax expense (includes $10 and $151 income tax expense from reclassification items) 557 1,592
Net income 1,538 3,320
Other comprehensive income    
Unrealized gain on securities, available for sale, net of reclassifications and tax of $520 and $3,460, respectively 965 6,429
Accretion of unrealized losses on securities transferred from available for sale to held to maturity, net of tax of $18 and $18, respectively 33 34
Accretion of unrecognized actuarial gains and amortization of prior service credit on postretirement plan, net of tax of $0 and $(97), respectively recognized in net income   (181)
Total other comprehensive income 998 6,282
Comprehensive income $ 2,536 $ 9,602
Earnings per share    
Basic $ 0.03 $ 0.07
Diluted $ 0.03 $ 0.07