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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income:      
Loans (including fee income) $ 144,380 $ 126,420 $ 116,723
Mortgage-backed securities, CMOs and other asset-backed securities 16,591 15,231 13,483
U.S. GSE securities 837 1,198 1,294
State and municipal obligations 2,812 3,788 3,777
Corporate bonds 1,422 1,233 1,124
Deposits with banks 1,076 278 147
Other interest and dividend income 1,866 1,701 1,168
Total interest income 168,984 149,849 137,716
Interest expense:      
Savings, NOW and money market deposits 15,928 7,858 5,250
Certificates of deposit of $100,000 or more 3,007 1,843 932
Other time deposits 1,801 725 684
Federal funds purchased and repurchase agreements 1,200 1,571 1,075
FHLB advances 5,729 6,105 3,001
Subordinated debentures 4,539 4,539 4,539
Junior subordinated debentures   48 1,364
Total interest expense 32,204 22,689 16,845
Net interest income 136,780 127,160 120,871
Provision for loan losses 1,800 14,050 5,550
Net interest income after provision for loan losses 134,980 113,110 115,321
Non-interest income:      
Service charges and other fees 9,853 8,996 8,407
Net securities (losses) gains (7,921) 38 449
Title fee income 1,797 2,394 1,833
Gain on sale of Small Business Administration ("SBA") loans 2,078 1,689 1,097
BOLI income 2,219 2,250 1,929
Other operating income 3,542 2,735 2,331
Total non-interest income 11,568 18,102 16,046
Non-interest expense:      
Salaries and employee benefits 50,458 46,560 41,557
Occupancy and equipment 13,245 13,998 12,798
Technology and communications 6,465 5,753 4,897
Marketing and advertising 4,597 4,742 4,048
Professional services 4,004 3,153 3,646
FDIC assessments 1,665 1,310 1,635
Net fraud loss 8,900    
Office relocation costs 750    
Restructuring Costs   8,020  
Reversal of accrued acquisition costs     (920)
Amortization of other intangible assets 917 1,047 2,637
Other operating expenses 7,179 7,144 6,783
Total non-interest expense 98,180 91,727 77,081
Income before income taxes 48,368 39,485 54,286
Income tax expense 9,141 18,946 18,795
Net income $ 39,227 $ 20,539 $ 35,491
Basic earnings per share (in dollars per share) $ 1.97 $ 1.04 $ 2.01
Diluted earnings per share (in dollars per share) $ 1.97 $ 1.04 $ 2.00