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Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest Income        
Interest and fees on loans $ 17,636 $ 16,006 $ 34,608 $ 31,879
Interest and dividends on investment securities 3,028 3,116 6,311 6,340
Other interest income 269 208 503 379
Total interest income 20,933 19,330 41,422 38,598
Interest Expense        
Deposits 1,852 1,732 3,731 3,464
Retail repurchase agreements 3 5 7 9
Federal Home Loan Bank advances 455 488 957 957
Other borrowed funds 331 278 652 568
Total interest expense 2,641 2,503 5,347 4,998
Net Interest Income before Provision for (Recovery of Provision for) Loan Losses 18,292 16,827 36,075 33,600
Provision for (Recovery of provision for) loan losses 507 (788) (28) (1,926)
Net Interest Income after Provision for (Recovery of Provision for) Loan Losses 17,785 17,615 36,103 35,526
Noninterest Income        
Service charges on deposit accounts 1,561 1,433 3,118 2,867
Mortgage loan income 683 314 2,824 779
Cardholder and merchant services income 1,332 1,218 2,573 2,343
Trust and investment services 365 403 745 725
Bank-owned life insurance 269 268 538 518
Other service charges, commissions and fees 498 421 941 804
Other income 449 97 741 152
Total noninterest income 5,157 4,154 11,480 8,188
Noninterest Expense        
Personnel expense 9,906 10,462 20,044 21,056
Net occupancy expense 1,319 1,211 2,872 2,680
Furniture, equipment and data processing expense 1,921 1,875 4,051 3,864
Professional fees 575 528 1,025 1,067
Stationery, printing and supplies 127 141 287 317
Advertising and marketing 46 134 106 320
Other real estate owned expense 52 506 536 865
Credit/debit card expense 429 498 868 1,042
FDIC insurance 398 456 859 909
Loan collection expense 144 313 293 613
Merger-related expense 215 0 986 0
Core deposit premium intangible amortization 227 352 565 704
Other expense 1,400 1,351 2,668 2,398
Total noninterest expense 16,759 17,827 35,160 35,835
Income before income taxes 6,183 3,942 12,423 7,879
Income tax expense 2,291 1,419 4,617 2,837
Net income $ 3,892 $ 2,523 $ 7,806 $ 5,042
Weighted average number of shares outstanding - basic (shares) 24,294,424 24,202,012 24,293,214 24,192,744
Weighted average number of shares outstanding - diluted (shares) 24,316,019 24,214,578 24,314,165 24,204,832
Net income per share - basic and diluted (in dollars per share) $ 0.16 $ 0.10 $ 0.32 $ 0.21