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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME        
Loans, including fees $ 25,278 $ 21,652 $ 50,253 $ 39,880
Securities available-for-sale:        
Taxable 871 897 1,842 1,770
Tax-exempt 411 76 836 112
Federal funds sold and other earning assets 743 368 1,315 609
Total interest income 27,303 22,993 54,246 42,371
INTEREST EXPENSE        
Deposits 5,788 3,238 11,039 5,639
Securities sold under agreements to repurchase 6 11 14 23
Federal Home Loan Bank advances and other borrowings 117 206 221 360
Subordinated debt 590 0 1,173 0
Total interest expense 6,501 3,455 12,447 6,022
Net interest income 20,802 19,538 41,799 36,349
Provision for loan losses 393 617 1,190 1,305
Net interest income after provision for loan losses 20,409 18,921 40,609 35,044
NONINTEREST INCOME        
Customer service fees 707 557 1,361 1,135
Gain (loss) on sale of securities, net 33 (1) 33 (1)
Mortgage banking 392 322 674 688
Interchange and debit card transaction fees 143 121 318 267
Merger termination fee 6,400 0 6,400 0
Other 741 578 1,328 984
Total noninterest income 8,416 1,577 10,114 3,073
NONINTEREST EXPENSE        
Salaries and employee benefits 8,984 7,649 17,382 14,825
Occupancy and equipment 1,658 1,522 3,298 3,055
FDIC insurance 180 317 359 419
Other real estate and loan related expense 242 926 732 1,596
Advertising and marketing 259 215 554 399
Data processing 577 600 1,192 1,127
Professional services 489 587 1,151 1,259
Amortization of intangibles 342 229 686 417
Software as service contracts 568 492 1,136 970
Merger related and restructuring expenses 1,796 1,123 2,719 1,621
Other 1,714 1,611 3,179 2,848
Total noninterest expense 16,809 15,271 32,388 28,536
Income before income tax expense 12,016 5,227 18,335 9,581
Income tax expense 2,895 1,295 4,483 2,235
Net income $ 9,121 $ 3,932 $ 13,852 $ 7,346
EARNINGS PER COMMON SHARE        
Basic (in dollars per share) $ 0.65 $ 0.32 $ 0.99 $ 0.63
Diluted (in dollars per share) $ 0.65 $ 0.32 $ 0.99 $ 0.62
Weighted average common shares outstanding        
Basic (in shares) 13,951,643 12,201,185 13,946,856 11,708,746
Diluted (in shares) 14,046,500 12,320,498 14,036,790 11,822,497