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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest and fees on loans:        
Taxable $ 13,159 $ 7,229 $ 27,159 $ 14,606
Tax-exempt 507 404 1,142 814
Interest and dividends on investment securities:        
Taxable 942 414 1,870 853
Tax-exempt 817 646 1,646 1,269
Dividends 14 16 30 35
Interest on interest-bearing deposits in other banks 9 28 19 50
Interest on federal funds sold 34   48  
Total interest income 15,482 8,737 31,914 17,627
Interest expense:        
Interest on deposits 1,414 650 2,771 1,321
Interest on short-term borrowings 24 6 58 11
Interest on long-term debt 289 305 585 662
Total interest expense 1,727 961 3,414 1,994
Net interest income 13,755 7,776 28,500 15,633
Provision for loan losses 1,201 500 2,058 800
Net interest income after provision for loan losses 12,554 7,276 26,442 14,833
Noninterest income:        
Service charges, fees and commissions 1,557 1,459 3,181 2,420
Merchant services income 888 918 1,782 1,949
Commission and fees on fiduciary activities 548 403 1,115 794
Wealth management income 165 100 352 190
Mortgage banking income 193 33 292 166
Life insurance investment income 267 120 456 239
Net gain on sale of investment securities available-for-sale 160 24 160 125
Total noninterest income 3,778 3,057 7,338 5,883
Noninterest expense:        
Salaries and employee benefits expense 4,961 3,492 10,129 7,075
Net occupancy and equipment expense 2,327 701 4,060 1,502
Merchant services expense 495 582 1,060 1,207
Amortization of intangible assets 333 56 676 120
Acquisition related expense 1,008 5 1,616 5
Other expenses 3,115 2,020 5,985 4,072
Total noninterest expense 12,239 6,856 23,526 13,981
Income before income taxes 4,093 3,477 10,254 6,735
Income tax expense 762 633 2,225 1,370
Net income 3,331 2,844 8,029 5,365
Other comprehensive income (loss):        
Unrealized gain (loss) on investment securities available-for-sale 1,242 (2,744) 3,636 (3,220)
Reclassification adjustment for net gain on sales included in net income (160) (24) (160) (125)
Other comprehensive income (loss) 1,082 (2,768) 3,476 (3,345)
Income tax expense (benefit) related to other comprehensive income (loss) 378 (941) 1,216 (1,137)
Other comprehensive income (loss), net of income taxes 704 (1,827) 2,260 (2,208)
Comprehensive income $ 4,035 $ 1,017 $ 10,289 $ 3,157
Net income:        
Basic $ 0.44 $ 0.64 $ 1.06 $ 1.20
Diluted $ 0.44 $ 0.64 $ 1.06 $ 1.20
Average common shares outstanding:        
Basic 7,548,358 4,467,261 7,549,300 4,467,261
Diluted 7,570,883 4,467,261 7,575,655 4,467,261
Dividends declared $ 0.31 $ 0.31 $ 0.62 $ 0.62