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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 63,109 $ 44,657 $ 30,901
Taxable securities 5,058 5,903 7,282
Tax exempt securities 3,650 2,951 2,523
Dividends 515 287 190
Federal funds sold and other interest income 166 29 19
TOTAL INTEREST AND DIVIDEND INCOME 72,498 53,827 40,915
INTEREST EXPENSE      
Deposits 3,221 3,489 4,008
Short-term borrowings 689 177 46
Long-term borrowings 468 424 525
TOTAL INTEREST EXPENSE 4,378 4,090 4,579
NET INTEREST INCOME 68,120 49,737 36,336
Provision for loan losses 3,870 3,510 1,880
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 64,250 46,227 34,456
NONINTEREST INCOME      
Service charges on deposit accounts 4,010 3,253 2,627
Bank owned life insurance income, including death benefits 814 702 459
Trust fees 6,235 6,156 6,092
Insurance agency commissions 1,560 569 354
Security gains 73 94 457
Retirement plan consulting fees 1,990 2,130 1,809
Investment commissions 1,210 1,172 1,026
Net gains on sale of loans 2,843 1,101 358
Other operating income 4,509 3,129 2,121
TOTAL NONINTEREST INCOME 23,244 18,306 15,303
NONINTEREST EXPENSE      
Salaries and employee benefits 31,908 26,638 20,878
Occupancy and equipment 6,615 5,452 4,505
State and local taxes 1,544 1,171 878
Professional fees 2,757 3,180 2,451
Merger related costs 563 6,392 0
Advertising 1,332 1,325 1,112
FDIC insurance 1,055 937 733
Intangible amortization 1,461 983 767
Core processing charges 2,699 2,176 1,571
Other operating expenses 9,518 5,725 5,267
TOTAL NONINTEREST EXPENSE 59,452 53,979 38,162
INCOME BEFORE INCOME TAXES 28,042 10,554 11,597
INCOME TAXES 7,485 2,499 2,632
NET INCOME $ 20,557 $ 8,055 $ 8,965
EARNINGS PER SHARE: Basic and Diluted $ 0.76 $ 0.36 $ 0.48