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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and dividend income        
Loans $ 24,226 $ 10,249 $ 45,420 $ 20,332
Securities and other 5,439 4,105 10,430 8,186
Total interest and dividend income 29,665 14,354 55,850 28,518
Interest expense        
Deposits 2,539 1,599 4,749 3,176
Borrowings 3,317 1,373 5,920 2,624
Total interest expense 5,856 2,972 10,669 5,800
Net interest income 23,809 11,382 45,181 22,718
Provision for loan losses 736 150 1,531 615
Net interest income after provision for loan losses 23,073 11,232 43,650 22,103
Non-interest income        
Trust and investment management fee income 3,324 955 6,188 1,903
Insurance and brokerage service income 327 0 691 0
Customer service fees 1,991 252 3,351 463
Gain on sales of securities, net 0 1,699 0 3,135
Bank-owned life insurance income 386 118 785 343
Other income 530 590 1,489 1,098
Total non-interest income 6,558 3,614 12,504 6,942
Non-interest expense        
Salaries and employee benefits 10,127 4,799 20,448 9,816
Occupancy and equipment 3,013 1,152 5,679 2,310
Loss on premises and equipment, net 0 0 95 0
Outside services 716 139 1,313 249
Professional services 489 710 929 834
Communication 290 271 658 364
Amortization of intangible assets 188 1 345 2
Merger expenses 2,459 492 5,571 492
Other expenses 2,764 1,167 5,839 2,661
Total non-interest expense 20,046 8,731 40,877 16,728
Income before income taxes 9,585 6,115 15,277 12,317
Income tax expense 3,029 1,804 4,510 3,600
Net income $ 6,556 $ 4,311 $ 10,767 $ 8,717
Earnings per share:        
Basic (in dollars per share) $ 0.43 $ 0.48 $ 0.72 $ 0.97
Diluted (in dollars per share) $ 0.42 $ 0.47 $ 0.72 $ 0.96
Weighted average common shares outstanding:        
Basic (in shares) 15,393,458 9,031,974 14,934,850 9,022,886
Diluted (in shares) 15,506,258 9,129,452 15,049,317 9,125,051