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Consolidated Statements of Income (Unaudited) - 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 $ 30,385 $ 25,215 $ 85,817 $ 71,100
Securities:        
Taxable 2,698 1,970 6,862 6,286
Tax-exempt 677 692 2,054 2,266
Dividends 280 192 793 524
Total interest and dividend income 34,040 28,069 95,526 80,176
INTEREST EXPENSE:        
Deposits 4,812 2,345 11,423 6,709
Borrowed funds 1,334 1,225 4,426 2,819
Subordinated debentures 1,016 982 2,873 2,940
Total interest expense 7,162 4,552 18,722 12,468
NET INTEREST INCOME 26,878 23,517 76,804 67,708
PROVISION FOR LOAN LOSSES 1,095 1,400 4,631 3,550
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 25,783 22,117 72,173 64,158
NON-INTEREST INCOME:        
Service charges on deposit accounts 1,584 1,244 4,102 3,499
Other service charges and fees 732 587 2,073 1,675
Wealth and asset management fees 1,031 952 3,151 2,775
Net realized gains on available-for-sale securities 0 5 0 1,543
Net realized and unrealized gains on trading securities 421 160 672 475
Mortgage banking 283 237 801 668
Bank owned life insurance 335 592 1,074 1,308
Card processing and interchange income 1,066 942 3,140 2,790
Gain on sale of branch     0 536
Other 481 313 1,277 625
Total non-interest income 5,933 5,032 16,290 15,894
NON-INTEREST EXPENSES:        
Salaries and benefits 11,429 9,101 31,095 27,008
Net occupancy expense 2,650 2,219 7,780 7,016
Amortization of core deposit intangible 222 305 718 967
Data processing 1,149 1,031 3,370 3,011
State and local taxes 808 710 2,494 2,063
Legal, professional, and examination fees 603 561 1,661 1,776
Advertising 554 495 1,732 1,527
FDIC insurance premiums 361 295 1,037 869
Card processing and interchange expenses 767 541 2,139 1,577
Other 2,251 2,360 7,310 6,635
Total non-interest expenses 20,794 17,618 59,336 52,449
INCOME BEFORE INCOME TAXES 10,922 9,531 29,127 27,603
INCOME TAX EXPENSE 1,686 2,285 4,353 7,194
NET INCOME $ 9,236 $ 7,246 $ 24,774 $ 20,409
EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.60 $ 0.47 $ 1.62 $ 1.34
Diluted (in dollars per share) 0.60 0.47 1.62 1.34
DIVIDENDS PER SHARE:        
Cash dividends per share (in dollars per share) $ 0.17 $ 0.165 $ 0.5 $ 0.495