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Consolidated Statements of Income (Unaudited) - 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 $ 28,975 $ 23,915 $ 55,432 $ 45,885
Securities:        
Taxable 2,180 2,125 4,164 4,316
Tax-exempt 683 774 1,377 1,574
Dividends 261 189 513 332
Total interest and dividend income 32,099 27,003 61,486 52,107
INTEREST EXPENSE:        
Deposits 3,687 2,243 6,611 4,364
Borrowed funds 1,604 785 3,092 1,594
Subordinated debentures 982 986 1,857 1,958
Total interest expense 6,273 4,014 11,560 7,916
NET INTEREST INCOME 25,826 22,989 49,926 44,191
PROVISION FOR LOAN LOSSES 1,905 1,134 3,536 2,150
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 23,921 21,855 46,390 42,041
NON-INTEREST INCOME:        
Service charges on deposit accounts 1,271 1,165 2,518 2,255
Other service charges and fees 723 559 1,341 1,088
Wealth and asset management fees 1,090 952 2,120 1,823
Net realized gains on available-for-sale securities 0 155 0 1,538
Net realized and unrealized gains on trading securities 237 127 251 315
Mortgage banking 310 247 518 431
Bank owned life insurance 339 364 739 716
Card processing and interchange income 1,103 970 2,074 1,848
Gain on sale of branch 0 536 0 536
Other 533 14 796 312
Total non-interest income 5,606 5,089 10,357 10,862
NON-INTEREST EXPENSES:        
Salaries and benefits 10,131 8,902 19,666 17,907
Net occupancy expense 2,634 2,257 5,130 4,797
Amortization of core deposit intangible 248 331 496 662
Data processing 1,147 1,019 2,221 1,980
State and local taxes 833 614 1,686 1,353
Legal, professional, and examination fees 550 666 1,058 1,215
Advertising 581 619 1,178 1,032
FDIC insurance premiums 378 370 676 574
Card processing and interchange expenses 638 614 1,372 1,036
Other 2,403 2,405 5,059 4,275
Total non-interest expenses 19,543 17,797 38,542 34,831
INCOME BEFORE INCOME TAXES 9,984 9,147 18,205 18,072
INCOME TAX EXPENSE 1,543 2,464 2,667 4,909
NET INCOME $ 8,441 $ 6,683 $ 15,538 $ 13,163
EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.55 $ 0.44 $ 1.02 $ 0.87
Diluted (in dollars per share) 0.55 0.44 1.02 0.87
DIVIDENDS PER SHARE:        
Cash dividends per share (in dollars per share) $ 0.165 $ 0.165 $ 0.33 $ 0.33