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Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest Income    
Interest and fees on loans $ 16,972 $ 15,873
Interest and dividends on investment securities 3,283 3,224
Other interest income 234 171
Total interest income 20,489 19,268
Interest Expense    
Deposits 1,879 1,731
Retail repurchase agreements 4 4
Federal Home Loan Bank advances 502 469
Other borrowed funds 321 290
Total interest expense 2,706 2,494
Net Interest Income before Recovery of Loan Losses 17,783 16,774
Recovery of provision for loan losses (535) (1,137)
Net Interest Income after Recovery of Loan Losses 18,318 17,911
Noninterest Income    
Service charges on deposit accounts 1,557 1,434
Mortgage loan income 2,141 465
Cardholder and merchant services income 1,241 1,125
Trust and investment services 380 322
Bank-owned life insurance 269 250
Other service charges, commissions and fees 443 383
Other income 292 55
Total noninterest income 6,323 4,034
Noninterest Expense    
Personnel expense 10,138 10,594
Net occupancy expense 1,553 1,469
Furniture, equipment and data processing expense 2,130 1,989
Professional fees 450 539
Stationery, printing and supplies 160 176
Advertising and marketing 60 186
Other real estate owned expense 484 360
Credit/debit card expense 439 543
FDIC insurance 461 453
Loan collection expense 149 300
Merger-related expense 771 0
Core deposit premium intangible amortization 338 352
Other expense 1,268 1,047
Total noninterest expense 18,401 18,008
Income before income taxes 6,240 3,937
Income tax expense 2,326 1,418
Net income $ 3,914 $ 2,519
Weighted average number of shares outstanding - basic (shares) 24,292,004 24,183,396
Weighted average number of shares outstanding - diluted (shares) 24,314,112 24,195,108
Net income per share - basic and diluted (in dollars per share) $ 0.16 $ 0.10