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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and Dividend Income        
Loans, including fees $ 22,512 $ 17,385 $ 41,248 $ 33,994
Loans held-for-sale 35 37 55 61
Securities:        
Taxable 2,392 2,607 4,562 5,570
Tax exempt 2,114 1,648 4,175 2,560
Dividends from FHLBC and FRBC stock 111 92 217 177
Interest bearing deposits with financial institutions 97 31 146 54
Total interest and dividend income 27,261 21,800 50,403 42,416
Interest Expense        
Savings, NOW, and money market deposits 501 233 845 456
Time deposits 1,444 1,025 2,619 2,004
Securities sold under repurchase agreements 104 4 183 6
Other short-term borrowings 276 146 605 252
Junior subordinated debentures 927 1,059 1,854 2,143
Senior notes 672 672 1,344 1,345
Notes payable and other borrowings 95   95  
Total interest expense 4,019 3,139 7,545 6,206
Net interest and dividend income 23,242 18,661 42,858 36,210
Release for loan and lease losses 1,450 750 728 750
Net interest and dividend income after (release) provisions for loan losses 21,792 17,911 42,130 35,460
Noninterest Income        
Trust income 1,645 1,638 3,140 3,096
Service charges on deposits 1,769 1,615 3,361 3,233
Secondary mortgage fees 195 223 357 399
Mortgage servicing rights mark to market loss (105) (429) 200 (562)
Mortgage servicing income 627 444 1,079 879
Net gain on sales of mortgage loans 1,240 1,473 2,157 2,620
Securities gains (losses), net 312 (131) 347 (267)
Increase in cash surrender value of BOLI 351 350 599 709
Death benefit realized on bank-owned life insurance     1,026  
Debit card interchange income 1,132 1,081 2,144 2,056
Losses on disposal and transfer of fixed assets, net   12   10
Other income 1,366 1,041 2,627 2,172
Total noninterest income 8,532 7,317 17,037 14,345
Noninterest Expense        
Salaries and employee benefits 12,355 10,545 22,562 21,118
Occupancy, furniture and equipment 1,652 1,462 3,210 3,028
Computer and data processing 2,741 1,112 4,085 2,202
FDIC insurance 165 165 321 313
General bank insurance 299 264 550 534
Amortization of core deposit intangible 97 25 118 50
Advertising expense 492 452 833 838
Debit card interchange expense 301 399 582 748
Legal fees 286 184 445 288
Other real estate expense, net 429 539 602 1,248
Other expense 3,469 2,839 6,332 5,673
Total noninterest expense 22,286 17,986 39,640 36,040
Income before income taxes 8,038 7,242 19,527 13,765
Provision for income taxes 1,777 2,096 3,777 4,192
Net income available to common stockholders $ 6,261 $ 5,146 $ 15,750 $ 9,573
Basic earnings per share (in dollars per share) $ 0.21 $ 0.17 $ 0.53 $ 0.32
Diluted earnings per share (in dollars per share) $ 0.21 $ 0.17 $ 0.52 $ 0.32