XML 53 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest Income        
Interest and fees on loans $ 16,395 $ 14,855 $ 48,274 $ 43,312
Interest and dividends on investment securities 3,219 3,400 9,559 10,826
Other interest income 216 140 595 447
Total interest income 19,830 18,395 58,428 54,585
Interest Expense        
Deposits 1,726 1,725 5,190 5,168
Retail repurchase agreements 7 5 16 11
Federal Home Loan Bank advances 507 521 1,464 1,504
Other borrowed funds 280 296 848 857
Total interest expense 2,520 2,547 7,518 7,540
Net Interest Income before Recovery of Loan Losses 17,310 15,848 50,910 47,045
Recovery of provision for loan losses (64) (1,679) (1,990) (4,048)
Net Interest Income after Recovery of Loan Losses 17,374 17,527 52,900 51,093
Noninterest Income        
Service charges on deposit accounts 1,738 1,583 4,605 4,766
Mortgage loan income 381 205 1,159 640
Cardholder and merchant services income 1,253 1,183 3,596 3,505
Trust and investment services 376 344 1,101 1,101
Bank-owned life insurance 381 273 899 803
Other service charges, commissions and fees 477 290 1,281 974
Securities gains, net 0 34 0 754
Other income 394 73 547 278
Total noninterest income 5,000 3,985 13,188 12,821
Noninterest Expense        
Personnel expense 9,984 12,616 31,040 32,965
Net occupancy expense 1,591 1,521 4,271 4,586
Furniture, equipment and data processing expense 2,113 2,208 5,977 6,258
Professional fees 572 699 1,639 1,799
Stationery, printing and supplies 144 149 461 484
Advertising and marketing 114 142 434 442
Other real estate owned expense 556 (29) 1,421 1,186
Credit/debit card expense 558 520 1,600 1,719
FDIC insurance 413 412 1,322 1,646
Loan collection expense (76) 198 537 1,406
Core deposit premium intangible amortization 370 352 1,074 1,056
Other expense 1,088 1,227 3,486 4,542
Total noninterest expense 17,427 20,015 53,262 58,089
Income before income taxes 4,947 1,497 12,826 5,825
Income tax expense (benefit) 3,430 (276) 6,267 (17)
Net income (loss) $ 1,517 $ 1,773 $ 6,559 $ 5,842
Weighted average number of shares outstanding - basic (shares) 24,265,346 21,739,009 24,217,211 21,853,866
Weighted average number of shares outstanding - diluted (shares) 24,279,112 21,746,965 24,229,885 21,865,972
Net income per share - basic and diluted (in dollars per share) $ 0.06 $ 0.08 $ 0.27 $ 0.27