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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Loans (including fee income) $ 37,612 $ 35,613
Mortgage-backed securities, CMOs and other asset-backed securities 4,789 3,724
U.S. GSE securities 192 279
State and municipal obligations 627 812
Corporate bonds 336 355
Deposits with banks 544 90
Other interest and dividend income 415 491
Total interest income 44,515 41,364
Interest expense:    
Savings, NOW and money market deposits 6,369 2,514
Certificates of deposit of $100,000 or more 983 517
Other time deposits 562 195
Federal funds purchased and repurchase agreements 45 606
FHLB advances 1,098 1,858
Subordinated debentures 1,135 1,135
Total interest expense 10,192 6,825
Net interest income 34,323 34,539
Provision for loan losses 600 800
Net interest income after provision for loan losses 33,723 33,739
Non-interest income:    
Service charges and other fees 2,428 2,163
Title fee income 306 505
Gain on sale of Small Business Administration ("SBA") loans 217 371
BOLI income 553 546
Other operating income 1,714 528
Total non-interest income 5,218 4,113
Non-interest expense:    
Salaries and employee benefits 13,280 12,812
Occupancy and equipment 3,531 3,243
Technology and communications 1,789 1,643
Marketing and advertising 1,023 962
Professional services 757 1,212
FDIC assessments 238 464
Amortization of other intangible assets 213 246
Other operating expenses 1,768 2,016
Total non-interest expense 22,599 22,598
Income before income taxes 16,342 15,254
Income tax expense 3,415 3,181
Net income $ 12,927 $ 12,073
Basic earnings per share (in dollars per share) $ 0.65 $ 0.61
Diluted earnings per share (in dollars per share) $ 0.65 $ 0.61