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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income      
Loans $ 79,795 $ 57,903 $ 52,619
Loans held for sale 3,301 1,755 1,396
Securities available for sale, nontaxable 1,668 1,129 35
Securities available for sale, taxable 5,579 6,915 10,141
Securities held to maturity, nontaxable 214 248 96
Securities held to maturity, taxable 1,764 1,989 590
Federal Home Loan Bank stock dividends 961 723 723
Other interest earning assets 228 67 35
Total interest income 93,510 70,729 65,635
Interest expense      
Deposits 8,437 5,922 6,526
Federal Home Loan Bank advances 4,699 2,486 1,334
Repurchase agreements and other 21 20 1,253
Total interest expense 13,157 8,428 9,113
Net interest income 80,353 62,301 56,522
Provision for loan losses 4,253 5,387 2,135
Net interest income after provision for loan losses 76,100 56,914 54,387
Non-interest income      
Insurance agency income 2,006 1,686  
Non-deposit investment income 1,158 1,281 1,115
Deposit related fees 5,636 5,486 5,384
Mortgage servicing fees 3,005 2,833 2,730
Mortgage servicing rights valuation (9) 39 19
Mortgage servicing rights amortization (1,944) (2,094) (1,800)
Other service fees 125 135 75
Net gains (losses):      
Securities available for sale (includes $566, $604 and $142, respectively, accumulated other comprehensive income reclassifications for unrealized net gains on available for sale securities) 566 604 142
Mortgage banking income 6,503 6,444 6,841
Real estate owned and other repossessed assets, net (189) (93) (445)
Debit/credit card fees 4,215 3,846 3,684
Trust fee income 1,618    
Other income 2,549 1,909 1,972
Total non-interest income 25,239 22,076 19,717
Non-interest expense      
Salaries and employee benefits (includes $0, $1,278 and $315, respectively accumulated other comprehensive income reclassifications for prior service credit on the postretirement plan). 34,807 28,600 26,724
Occupancy 3,943 3,373 3,249
Equipment and data processing 8,944 7,564 6,865
Financial institutions tax 1,648 1,694 1,241
Advertising 991 845 737
Amortization of intangible assets 422 69 54
FDIC insurance premiums 1,078 940 1,241
Other insurance premiums 450 328 355
Legal and consulting fees 724 953 1,227
Other professional fees 2,151 1,046 1,733
Prepayment penalty     1,280
Real estate owned and other repossessed asset expenses 135 191 338
Merger related expenses 5,001 787  
Other expenses 7,965 5,629 4,885
Total non-interest expenses 68,259 52,019 49,929
Income before income taxes 33,080 26,971 24,175
Income tax expense (includes $198, $147 and $160 income tax expense from reclassification items) 11,295 8,143 7,893
Earnings available to common shareholders 21,785 18,828 16,282
Net income 21,785 18,828 16,282
Other comprehensive income (loss)      
Unrealized gains (losses) on securities available for sale, net of reclassifications and tax of $1,093, $(344) and $444, respectively 2,578 (638) 824
Accretion of unrealized losses on securities transferred from available for sale to held to maturity, net of tax of $66, $86, and $21, respectively 129 160 39
Unrealized gains (losses) and amortization of prior service credit on postretirement plan, net of tax of $0, $(447) and $(46), respectively   (831) (85)
Reversal of disproportionate tax effect from postretirement plan upon settlement   (511)  
Total other comprehensive income (loss) 2,707 (1,820) 778
Comprehensive income $ 24,492 $ 17,008 $ 17,060
Earnings per share      
Basic $ 0.44 $ 0.40 $ 0.34
Diluted $ 0.44 $ 0.40 $ 0.34