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Quarterly Results of Operations (Tables)
 12 Months Ended
Dec. 31, 2016
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 year ended:
 
 
December 31,
 
 
2016
 
2015
  
 
First
Quarter(1)
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter(2)
Interest income
 
$
31,981

 
$
32,775

 
$
32,594

 
$
32,276

 
$
22,448

 
$
23,657

 
$
23,056

 
$
29,983

Interest expense
 
4,029

 
4,271

 
4,222

 
4,032

 
3,014

 
3,022

 
3,044

 
3,612

Net interest income
 
27,952

 
28,504

 
28,372

 
28,244

 
19,434

 
20,635

 
20,012

 
26,371

Provision for credit losses
 
872

 
2,852

 
1,279

 
255

 
446

 
254

 
279

 
957

Non-interest income
 
7,917

 
10,552

 
11,001

 
10,151

 
6,147

 
6,310

 
6,561

 
8,464

Non-interest expense
 
22,909

 
22,330

 
22,149

 
22,508

 
16,801

 
16,157

 
16,711

 
31,470

Income before income taxes
 
12,088

 
13,874

 
15,945

 
15,632

 
8,334

 
10,534

 
9,583

 
2,408

Income tax expense
 
3,442

 
4,258

 
5,042

 
4,730

 
2,723

 
3,341

 
3,127

 
716

Net income
 
$
8,646

 
$
9,616

 
$
10,903

 
$
10,902

 
$
5,611

 
$
7,193

 
$
6,456

 
$
1,692

Per common share(3):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.56

 
$
0.62

 
$
0.70

 
$
0.70

 
$
0.50

 
$
0.64

 
$
0.58

 
$
0.11

Diluted
 
$
0.56

 
$
0.62

 
$
0.70

 
$
0.70

 
$
0.50

 
$
0.64

 
$
0.57

 
$
0.11


(1)
In the second quarter of 2016, the Company adopted ASU 2016-09 effective as of January 1, 2016. As such, first quarter 2016 financial results have been restated from previously reported within Form 10-Q.
(2)
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 4.1 million shares of Company common stock (as adjusted for the three-for-two common stock split effective September 30, 2016) in connection with the acquisition. Refer to Note 2 for additional details of the acquisition.
(3)
Earnings per share amounts have been adjusted to reflect the three-for-two split effective September 30, 2016, for all periods presented. Refer to Note 13.