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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST AND DIVIDEND INCOME:        
Loans including fees $ 25,215 $ 21,749 $ 71,100 $ 59,478
Securities:        
Taxable 1,970 2,257 6,286 7,026
Tax-exempt 692 825 2,266 2,575
Dividends 192 127 524 418
Total interest and dividend income 28,069 24,958 80,176 69,497
INTEREST EXPENSE:        
Deposits 2,345 2,195 6,709 6,288
Borrowed funds 1,225 633 2,819 2,341
Subordinated debentures 982 197 2,940 590
Total interest expense 4,552 3,025 12,468 9,219
NET INTEREST INCOME 23,517 21,933 67,708 60,278
PROVISION FOR LOAN LOSSES 1,400 622 3,550 2,038
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 22,117 21,311 64,158 58,240
NON-INTEREST INCOME:        
Service charges on deposit accounts 1,244 1,162 3,499 3,149
Other service charges and fees 587 653 1,675 1,837
Wealth and asset management fees 952 795 2,775 2,298
Net realized gains on available-for-sale securities 5 0 1,543 1,005
Net realized and unrealized gains on trading securities 160 235 475 265
Mortgage banking 237 388 668 706
Bank owned life insurance 592 281 1,308 807
Card processing and interchange income 942 876 2,790 2,499
Gain on sale of branch     536 0
Other 313 81 625 501
Total non-interest income 5,032 4,471 15,894 13,067
NON-INTEREST EXPENSES:        
Salaries and benefits 9,101 8,506 27,008 23,905
Net occupancy expense 2,219 2,212 7,016 5,932
Amortization of core deposit intangible 305 347 967 779
Data processing 1,031 1,022 3,011 3,395
State and local taxes 710 595 2,063 1,645
Legal, professional, and examination fees 561 464 1,776 1,202
Advertising 495 427 1,527 1,306
FDIC insurance premiums 295 387 869 1,049
Prepayment penalties - long-term borrowings     0 1,506
Core processing conversion costs 0 42 0 1,597
Merger costs 0 266 0 481
Card processing and interchange expenses 541 587 1,577 1,670
Other 2,360 2,241 6,635 6,196
Total non-interest expenses 17,618 17,096 52,449 50,663
INCOME BEFORE INCOME TAXES 9,531 8,686 27,603 20,644
INCOME TAX EXPENSE 2,285 2,270 7,194 5,144
NET INCOME $ 7,246 $ 6,416 $ 20,409 $ 15,500
EARNINGS PER SHARE:        
Basic $ 0.47 $ 0.44 $ 1.34 $ 1.07
Diluted 0.47 0.44 1.34 1.07
DIVIDENDS PER SHARE:        
Cash dividends per share $ 0.165 $ 0.165 $ 0.495 $ 0.495