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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income    
Interest and fees on loans $ 38,006 $ 35,017
Interest and dividends on securities:    
Taxable 1,548 2,140
Tax-exempt 954 883
Dividends 330 352
Interest on federal funds sold and other short-term investments 246 134
Total interest income 41,084 38,526
Interest expense    
Deposits 5,109 3,939
Borrowings 2,834 3,267
Total interest expense 7,943 7,206
Net interest income 33,141 31,320
Provision for loan losses 1,100 3,000
Net interest income after provision for loan losses 32,041 28,320
Noninterest income    
Annuities and insurance commissions 39 40
Income on bank owned life insurance 703 612
Net gains on sale of loans held-for-sale 21 35
Deposit, loan and other income 643 515
Net gains on sales of securities available-for-sale 1,596
Total noninterest income 3,002 1,202
Noninterest expenses    
Salaries and employee benefits 8,206 7,599
Occupancy and equipment 2,255 2,247
FDIC insurance 895 595
Professional and consulting 718 711
Marketing and advertising 256 184
Data processing 1,149 1,024
Amortization of core deposit intangible 193 217
Increase in valuation allowance, loans held-for-sale 2,600
Other expenses 1,977 1,776
Total noninterest expenses 18,249 14,353
Income before income tax expense 16,794 15,169
Income tax expense 4,914 4,778
Net income 11,880 10,391
Less: Preferred stock dividends 22
Net income available to common stockholders $ 11,880 $ 10,369
Earnings per common share    
Basic $ 0.37 $ 0.35
Diluted 0.37 0.34
Dividends per common share $ 0.075 $ 0.075