XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Interest and fees on loans $ 20,031 $ 15,839 $ 40,061 $ 31,409
Investment securities:        
U.S. Government and agency obligations 302 381 598 717
Mortgage-backed securities 1,038 660 2,115 1,378
State and political subdivisions 350 287 698 576
Other securities 272 221 516 431
Other interest-earning assets 51 67 104 168
Total interest income 22,044 17,455 44,092 34,679
Interest expense:        
Interest-bearing demand 65 30 127 63
Money market accounts 329 183 650 365
Savings accounts 18 9 37 17
Time deposits of $100,000 or more 448 170 815 408
Other time deposits 568 470 1,106 844
Other borrowings 342 241 651 468
Subordinated debentures 579 561 1,171 1,113
Total interest expense 2,349 1,664 4,557 3,278
Net interest income 19,695 15,791 39,535 31,401
Provision (credit) for loan losses 10 (1,136) 4,385 (3,023)
Net interest income after provision (credit) for loan losses 19,685 16,927 35,150 34,424
Noninterest income:        
Service charges and fees 2,556 2,450 5,105 4,878
Gain on sales of mortgage loans, net 722 621 1,123 969
Gain on sales/calls of investment securities, net 165 138 291 143
Other noninterest income 428 200 767 259
Total noninterest income 3,871 3,409 7,286 6,249
Noninterest expense:        
Salaries and employee benefits 9,587 8,289 18,929 16,203
Occupancy 2,669 2,201 5,340 4,485
Data processing 430 410 900 856
FDIC and other insurance 432 316 800 628
Other real estate, net 8 112 21 133
General and administrative 2,142 2,654 5,274 4,759
Total noninterest expense 15,268 13,982 31,264 27,064
Income before taxes 8,288 6,354 11,172 13,609
Taxes on income 2,876 2,193 3,891 4,913
Net income $ 5,412 $ 4,161 $ 7,281 $ 8,696
Basic earnings per common share $ 0.29 $ 0.22 $ 0.38 $ 0.46
Diluted earnings per common share 0.28 0.22 0.38 0.46
Common dividends declared per share $ 0.08 $ 0.06 $ 0.16 $ 0.12