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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income        
Loans $ 16,910 $ 14,163 $ 32,010 $ 28,335
Securities held-to-maturity 9,824 8,128 19,359 15,940
Securities available-for-sale 1,723 1,143 3,334 2,107
Federal funds sold and interest-bearing deposits in other banks 349 308 742 623
Total interest income 28,806 23,742 55,445 47,005
Interest expense        
Savings and NOW deposits 1,500 938 2,727 1,776
Money market accounts 1,234 781 2,508 1,576
Time deposits 1,902 1,394 3,553 2,752
Securities sold under agreements to repurchase 120 126 223 241
Other borrowed funds and subordinated debentures 1,945 2,247 3,873 4,554
Total interest expense 6,701 5,486 12,884 10,899
Net interest income 22,105 18,256 42,561 36,106
Provision for loan losses 490 350 890 800
Net interest income after provision for loan losses 21,615 17,906 41,671 35,306
Other operating income        
Service charges on deposit accounts 2,074 1,962 4,090 3,899
Lockbox fees 861 883 1,632 1,672
Net gains on sales of securities   45   45
Gains on sales of mortgage loans 269 798 370 798
Other income 1,087 955 2,108 1,883
Total other operating income 4,291 4,643 8,200 8,297
Operating expenses        
Salaries and employee benefits 10,719 10,040 21,862 19,816
Occupancy 1,495 1,551 3,236 3,130
Equipment 757 679 1,463 1,315
FDIC assessments 440 592 878 1,160
Other 3,786 3,426 7,483 6,549
Total operating expenses 17,197 16,288 34,922 31,970
Income before income taxes 8,709 6,261 14,949 11,633
Provision for income taxes 552 20 696 84
Net income $ 8,157 $ 6,241 $ 14,253 $ 11,549
Class A Common Stock [Member]        
Share data:        
Weighted average number of shares outstanding, basic 3,603,729 3,600,729 3,602,229 3,600,729
Weighted average number of shares outstanding, diluted 5,567,909 5,567,909 5,567,909 5,567,909
Basic earnings per share $ 1.78 $ 1.36 $ 3.11 $ 2.52
Diluted earnings per share $ 1.47 $ 1.12 $ 2.56 $ 2.07
Class B Common Stock [Member]        
Share data:        
Weighted average number of shares outstanding, basic 1,964,180 1,967,180 1,965,680 1,967,180
Weighted average number of shares outstanding, diluted 1,964,180 1,967,180 1,965,680 1,967,180
Basic earnings per share $ 0.89 $ 0.68 $ 1.55 $ 1.26
Diluted earnings per share $ 0.89 $ 0.68 $ 1.55 $ 1.26