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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Loans (including fee income) $ 27,424 $ 14,995 $ 62,385 $ 42,377
Mortgage-backed securities, CMOs and other asset-backed securities 2,842 2,687 7,877 7,927
U.S. GSE securities 358 623 1,144 2,128
State and municipal obligations 816 613 2,309 2,005
Corporate bonds 211 195 580 560
Deposits with banks 9 8 27 23
Other interest and dividend income 84 98 309 287
Total interest income 31,744 19,219 74,631 55,307
Interest expense:        
Savings, NOW and money market deposits 1,222 808 2,827 2,446
Certificates of deposit of $100 or more 280 203 687 587
Other time deposits 234 111 477 327
Federal funds purchased and repurchase agreements 82 149 320 418
Federal Home Loan Bank advances 374 245 963 792
Subordinated debentures 126   126  
Junior subordinated debentures 341 341 1,024 1,024
Total interest expense 2,659 1,857 6,424 5,594
Net interest income 29,085 17,362 68,207 49,713
Provision for loan losses 1,500 500 3,000 1,700
Net interest income after provision for loan losses 27,585 16,862 65,207 48,013
Non-interest income:        
Service charges on deposit accounts 977 765 2,693 2,442
Fees for other customer services 963 806 2,349 2,081
Net securities gains (losses)   9 (10) (1,119)
Title fee income 425 400 1,380 1,183
Other operating income 1,561 582 2,845 1,069
Total non-interest income 3,926 2,562 9,257 5,656
Non-interest expense:        
Salaries and employee benefits 9,976 6,656 25,056 19,274
Occupancy and equipment 3,229 1,997 7,689 5,545
Technology and communications 950 811 2,563 2,294
Marketing and advertising 870 726 2,293 1,796
Professional services 611 433 1,697 1,189
FDIC assessments 472 318 1,091 952
Acquisition costs and branch restructuring 904   9,283 4,734
Amortization of other intangible assets 677 96 770 250
Other operating expenses 1,684 1,057 4,275 3,197
Total non-interest expense 19,373 12,094 54,717 39,231
Income before income taxes 12,138 7,330 19,747 14,438
Income tax expense 4,248 2,459 6,631 4,843
Net income $ 7,890 $ 4,871 $ 13,116 $ 9,595
Basic earnings per share (in dollars per share) $ 0.45 $ 0.42 $ 0.94 $ 0.83
Diluted earnings per share (in dollars per share) $ 0.45 $ 0.42 $ 0.94 $ 0.83