Quarterly Results of Operations (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Results of Operations

The following table presents a summary of the quarterly results of operations for the years ended:

	December 31,
	2015								2014
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter(1)		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Interest income	$	22,451	$	23,657	$	23,056	$	29,983	$	21,392	$	22,284	$	22,417	$	22,292
Interest expense	3,014		3,022		3,044		3,612		2,983		3,041		3,048		3,056
Net interest income	19,437		20,635		20,012		26,371		18,409		19,243		19,369		19,236
Provision for credit losses	446		254		279		957		493		643		539		545
Non-interest income	6,144		6,310		6,561		8,464		5,686		6,509		5,954		6,221
Non-interest expense	16,801		16,157		16,711		31,470		15,125		15,792		15,179		16,301
Income before income taxes	8,334		10,534		9,583		2,408		8,477		9,317		9,605		8,611
Income tax expense	2,723		3,341		3,127		716		2,762		3,001		3,154		2,523
Net income	$	5,611	$	7,193	$	6,456	$	1,692	$	5,715	$	6,316	$	6,451	$	6,088
Per common share:
Basic	$	0.75	$	0.97	$	0.86	$	0.17	$	0.76	$	0.85	$	0.87	$	0.82
Diluted	$	0.75	$	0.96	$	0.86	$	0.17	$	0.75	$	0.85	$	0.86	$	0.82

(1) On October 16, 2015, the Company completed its acquisition of SBM. Fourth quarter 2015 results of operations include revenues and expenses incurred as a combined organization from the acquisition date through December 31, 2015. The decrease in basic and diluted EPS in the fourth quarter of 2015 was due to acquisition costs and the issuance of 2.7 million shares of Company common stock in connection with the acquisition. Refer to Note 2 and 3 for additional details of the acquisition.