XML 19 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest Income      
Loans, including fees $ 61,275 $ 59,599 $ 56,145
Investment securities 8,904 7,311 7,238
Other interest-earning assets 1,168 1,180 705
Total interest income 71,347 68,090 64,088
Interest Expense      
Deposits 3,576 3,615 3,567
Other borrowings 2,161 2,216 1,590
Total interest expense 5,737 5,831 5,157
Net interest income before (reversal of) provision for loan and lease losses 65,610 62,259 58,931
(Reversal of) provision for loan and lease losses (1,500)    
Net interest income after (reversal of) provision for loan and lease losses 67,110 62,259 58,931
Non-Interest Income      
Fees and service charges 5,165 5,158 5,594
Net gain on sale of mortgage loans 2,365 1,602 1,330
Gain on derivative instruments 1,212    
Earnings on Bank Owned Life Insurance 1,158 855 774
Gain on sale of investment securities 891 641 646
Other mortgage fee income 631 452 290
Gain on extinguishment of debt   552  
Other income 792 879 941
Total non-interest income 12,214 10,139 9,575
Non-Interest Expense      
Salaries and employee benefits 26,626 23,814 23,476
Professional services 6,901 7,790 4,801
Occupancy and equipment 6,530 6,682 6,576
Information technology 2,446 2,298 3,025
Sales and marketing 1,035 1,017 843
Loan department expense 1,024 1,030 1,113
Regulatory assessments 1,019 1,212 1,164
Amortization of intangible assets 944 1,049 1,057
Merger, restructure, and integration 826 (77) 9,190
Communication costs 492 562 638
Write-downs on other real estate owned 217    
Other expense 3,254 2,790 2,909
Total non-interest expense 51,314 48,167 54,792
Income before income taxes 28,010 24,231 13,714
Income tax expense 11,077 8,882 4,749
Net income 16,933 15,349 8,965
Accretion on preferred stock   70 168
Net income available to common shareholders $ 16,933 $ 15,279 $ 8,797
Earnings Per Common Share      
Basic (in dollars per share) $ 0.49 $ 0.45 $ 0.27
Diluted (in dollars per share) 0.49 0.44 0.27
Dividends Declared Per Common Share (in dollars per share) $ 0.24 $ 0.23 $ 0.08