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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and Dividend Income        
Loans, including fees $ 23,377 $ 18,208 $ 64,625 $ 52,202
Loans held-for-sale 39 34 94 95
Securities:        
Taxable 2,491 2,424 7,053 7,994
Tax exempt 2,064 1,628 6,239 4,188
Dividends from FHLBC and FRBC stock 121 94 338 271
Interest bearing deposits with financial institutions 84 37 230 91
Total interest and dividend income 28,176 22,425 78,579 64,841
Interest Expense        
Savings, NOW, and money market deposits 642 239 1,487 695
Time deposits 1,568 1,077 4,187 3,081
Securities sold under repurchase agreements 140 4 323 10
Other short-term borrowings 311 220 916 472
Junior subordinated debentures 930 930 2,784 3,073
Senior notes 672 672 2,016 2,017
Notes payable and other borrowings 173   268  
Total interest expense 4,436 3,142 11,981 9,348
Net interest and dividend income 23,740 19,283 66,598 55,493
Provision for loan and lease losses   300 728 1,050
Net interest and dividend income after (release) provisions for loan losses 23,740 18,983 65,870 54,443
Noninterest Income        
Mortgage servicing rights mark to market loss (11) (194) 189 (756)
Net gain on sales of mortgage loans 965 1,095 3,122 3,715
Securities gains (losses), net 13 102 360 (165)
Increase in cash surrender value of BOLI 347 362 946 1,071
Death benefit realized on bank-owned life insurance     1,026  
Debit card interchange income 1,135 1,075 3,279 3,131
Losses on disposal and transfer of fixed assets, net       10
Other income 1,128 1,567 3,755 3,739
Total noninterest income 7,814 7,843 24,851 22,188
Noninterest Expense        
Salaries and employee benefits 11,165 10,049 33,727 31,167
Occupancy, furniture and equipment 1,782 1,482 4,992 4,510
Computer and data processing 1,247 1,081 5,332 3,283
FDIC insurance 162 199 483 512
General bank insurance 230 246 780 780
Amortization of core deposit intangible 136 24 254 74
Advertising expense 492 255 1,325 1,093
Debit card interchange expense 320 285 902 1,033
Legal fees 243 162 688 450
Other real estate expense, net (370) 680 232 1,928
Other expense 3,304 2,455 9,636 8,128
Total noninterest expense 18,711 16,918 58,351 52,958
Income before income taxes 12,843 9,908 32,370 23,673
Provision for income taxes 3,201 1,831 6,978 6,023
Net income available to common stockholders $ 9,642 $ 8,077 $ 25,392 $ 17,650
Basic earnings per share (in dollars per share) $ 0.32 $ 0.27 $ 0.85 $ 0.60
Diluted earnings per share (in dollars per share) 0.32 0.27 0.84 0.59
Dividends declared per share (in dollars per share) $ 0.01 $ 0.01 $ 0.03 $ 0.03
Deposit Account        
Noninterest Income        
Service charges on deposits $ 1,923 $ 1,722 $ 5,284 $ 4,955
Fiduciary and Trust        
Noninterest Income        
Service charges on deposits 1,644 1,468 4,784 4,564
Mortgage Banking        
Noninterest Income        
Service charges on deposits 199 195 556 594
Bank Servicing        
Noninterest Income        
Service charges on deposits $ 471 $ 451 $ 1,550 $ 1,330