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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest Income        
Interest and fees on loans $ 36,092 $ 31,367 $ 71,813 $ 61,201
Taxable interest on investments 4,941 4,386 9,935 8,611
Nontaxable interest on investments 624 658 1,268 1,330
Dividend income 174 343 404 629
Other interest income 606 335 1,026 596
Total interest income 42,437 37,089 84,446 72,367
Interest Expense        
Interest on deposits 9,156 4,459 17,579 8,208
Interest on borrowings 885 2,298 1,859 4,078
Interest on subordinated debentures 823 851 1,540 1,698
Total interest expense 10,864 7,608 20,978 13,984
Net interest income 31,573 29,481 63,468 58,383
Provision for credit losses 1,173 983 1,917 486
Net interest income after provision for credit losses 30,400 28,498 61,551 57,897
Non-Interest Income        
Mortgage banking income, net 1,742 1,609 2,994 3,000
Brokerage and insurance commissions 732 685 1,317 1,335
Bank-owned life insurance 603 609 1,197 1,217
Customer loan swap fees 285 180 810 267
Net gain on sale of securities 27 31 27 31
Other income 613 785 1,621 1,674
Total non-interest income 10,037 9,501 19,426 18,305
Non-Interest Expense        
Salaries and employee benefits 13,461 12,728 26,439 25,290
Furniture, equipment and data processing 2,723 2,549 5,403 5,135
Net occupancy costs 1,639 1,625 3,553 3,498
Consulting and professional fees 974 1,116 1,787 1,920
Debit card expense 883 776 1,706 1,506
Regulatory assessments 437 501 909 1,000
Amortization of intangible assets 176 181 352 362
Other real estate owned and collection costs, net 409 251 102 326
Other expenses 3,256 3,168 6,490 6,162
Total non-interest expense 23,958 22,895 46,741 45,199
Income before income tax expense 16,479 15,104 34,236 31,003
Income tax expense 3,275 2,887 6,759 5,966
Net Income $ 13,204 $ 12,217 $ 27,477 $ 25,037
Per Share Data        
Basic earnings per share $ 0.85 $ 0.78 $ 1.76 $ 1.60
Diluted earnings per share $ 0.85 $ 0.78 $ 1.76 $ 1.60
Weighted average number of common shares outstanding 15,519,827 15,572,848 15,555,770 15,557,500
Diluted weighted average number of common shares outstanding 15,559,760 15,629,779 15,595,654 15,615,038
Cash dividends declared per share $ 0.30 $ 0.30 $ 0.60 $ 0.55
Debit Card [Member]        
Non-Interest Income        
Revenue $ 2,281 $ 2,126 $ 4,291 $ 4,055
Deposit Account [Member]        
Non-Interest Income        
Revenue 2,209 2,069 4,232 4,036
Fiduciary and Trust [Member]        
Non-Interest Income        
Revenue $ 1,545 $ 1,407 $ 2,937 $ 2,690