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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income:      
Loans (including fee income) $ 126,420 $ 116,723 $ 88,760
Mortgage-backed securities, CMOs and other asset-backed securities 15,231 13,483 11,173
U.S. GSE securities 1,198 1,294 1,630
State and municipal obligations 3,788 3,777 3,198
Corporate bonds 1,233 1,124 840
Deposits with banks 278 147 47
Other interest and dividend income 1,701 1,168 592
Total interest income 149,849 137,716 106,240
Interest expense:      
Savings, NOW and money market deposits 7,858 5,250 4,002
Certificates of deposit of $100,000 or more 1,843 932 929
Other time deposits 725 684 673
Federal funds purchased and repurchase agreements 1,571 1,075 474
Federal Home Loan Bank advances 6,105 3,001 1,425
Subordinated debentures 4,539 4,539 1,261
Junior subordinated debentures 48 1,364 1,365
Total interest expense 22,689 16,845 10,129
Net interest income 127,160 120,871 96,111
Provision for loan losses 14,050 5,550 4,000
Net interest income after provision for loan losses 113,110 115,321 92,111
Non-interest income:      
Service charges and other fees 8,996 8,407 7,054
Net securities gains (losses) 38 449 (8)
Title fee income 2,394 1,833 1,866
Gain on sale of Small Business Administration loans 1,689 1,097 507
BOLI income 2,250 1,929 1,225
Other operating income 2,735 2,331 2,024
Total non-interest income 18,102 16,046 12,668
Non-interest expense:      
Salaries and employee benefits 45,766 40,913 33,871
Occupancy and equipment 13,998 12,798 11,045
Technology and communications 5,753 4,897 3,599
Marketing and advertising 4,742 4,048 3,125
Professional services 3,153 3,646 2,327
FDIC assessments 1,310 1,635 1,593
Acquisition costs and branch restructuring 8,020 (920) 9,766
Amortization of other intangible assets 1,047 2,637 1,447
Other operating expenses 7,938 7,427 6,117
Total non-interest expense 91,727 77,081 72,890
Income before income taxes 39,485 54,286 31,889
Income tax expense 18,946 18,795 10,778
Net income $ 20,539 $ 35,491 $ 21,111
Basic earnings per share (in dollars per share) $ 1.04 $ 2.01 $ 1.43
Diluted earnings per share (in dollars per share) $ 1.04 $ 2.00 $ 1.43