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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income        
Loans $ 24,031 $ 20,697 $ 70,065 $ 58,266
Loans held for sale 1,264 882 3,134 2,415
Securities available for sale, nontaxable 333 416 1,077 1,252
Securities available for sale, taxable 1,176 1,276 3,584 4,357
Securities held to maturity, nontaxable 69 49 181 163
Securities held to maturity, taxable 374 424 1,194 1,343
Federal Home Loan Bank stock dividends 289 253 843 694
Other interest earning assets 154 51 323 171
Total interest income 27,690 24,048 80,401 68,661
Interest expense        
Deposits 5,044 2,226 11,931 5,834
Federal Home Loan Bank advances 1,023 1,315 4,019 3,334
Repurchase agreements and other   4   20
Total interest expense 6,067 3,545 15,950 9,188
Net interest income 21,623 20,503 64,451 59,473
Provision for loan losses 251 721 520 3,038
Net interest income after provision for loan losses 21,372 19,782 63,931 56,435
Non-interest income        
Insurance agency income 545 509 1,635 1,454
Brokerage income 339 271 911 894
Mortgage servicing fees 821 760 2,446 2,225
Mortgage servicing rights valuation (6) (10) (17) (15)
Mortgage servicing rights amortization (477) (491) (1,519) (1,426)
Net gains (losses):        
Securities available for sale (includes $0, $236, $233, and $566, respectively, accumulated other comprehensive income reclassifications for unrealized net gains on available for sale securities)   236 233 566
Mortgage banking income 1,409 1,688 3,972 5,128
Real estate owned and other repossessed assets, net (45) (73) (236) (143)
Other income 557 475 1,530 1,442
Total non-interest income 6,146 6,305 17,817 18,779
Non-interest expense        
Salaries and employee benefits 9,107 8,736 28,042 26,460
Occupancy 1,094 1,013 3,144 2,920
Equipment and data processing 2,032 2,303 6,558 6,688
Financial institutions tax 495 348 1,486 1,348
Advertising 340 285 865 674
Amortization of intangible assets 128 113 373 308
FDIC insurance premiums 294 301 872 829
Other insurance premiums 85 115 303 336
Legal and consulting fees 356 156 802 569
Other professional fees 651 666 1,541 1,606
Supervisory fees 34   118  
Real estate owned and other repossessed asset expenses 25 33 95 118
Acquisition costs       4,962
Other expenses 1,131 1,395 3,703 4,112
Total non-interest expenses 15,772 15,464 47,902 50,930
Income before income taxes 11,746 10,623 33,846 24,284
Income tax expense (includes $0, $83, $49 and $198 income tax expense from reclassification items) 2,217 3,067 6,220 7,001
Net income 9,529 7,556 27,626 17,283
Other comprehensive (loss) income        
Unrealized (loss) gain on securities, available for sale, net of reclassifications and tax of $(463), $262, $(1,912) and $1,624, respectively (1,741) 486 (7,194) 3,013
Accretion of unrealized losses on securities transferred from available for sale to held to maturity, net of tax of $10, $18, $26 and $53, respectively 35 33 96 98
Total other comprehensive (loss) income (1,706) 519 (7,098) 3,111
Comprehensive income $ 7,823 $ 8,075 $ 20,528 $ 20,394
Earnings per share        
Basic $ 0.19 $ 0.15 $ 0.55 $ 0.35
Diluted $ 0.19 $ 0.15 $ 0.55 $ 0.35
Deposit Account        
Non-interest income        
Deposit related fees $ 1,494 $ 1,499 $ 4,186 $ 4,200
Financial Service, Other        
Non-interest income        
Deposit related fees 26 21 125 83
Credit and Debit Card        
Non-interest income        
Deposit related fees 1,000 971 3,126 3,220
Fiduciary and Trust        
Non-interest income        
Deposit related fees $ 483 $ 449 $ 1,425 $ 1,151