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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest and fees on loans:        
Taxable $ 13,876 $ 7,213 $ 41,035 $ 21,819
Tax-exempt 465 396 1,607 1,210
Interest and dividends on investment securities:        
Taxable 1,007 386 2,877 1,239
Tax-exempt 816 658 2,462 1,927
Dividends 2 22 32 57
Interest on interest-bearing deposits in other banks 10 18 29 68
Interest on federal funds sold 16   64  
Total interest income 16,192 8,693 48,106 26,320
Interest expense:        
Interest on deposits 1,354 647 4,125 1,968
Interest on short-term borrowings 9 6 67 17
Interest on long-term debt 279 299 864 961
Total interest expense 1,642 952 5,056 2,946
Net interest income 14,550 7,741 43,050 23,374
Provision for loan losses 666 525 2,724 1,325
Net interest income after provision for loan losses 13,884 7,216 40,326 22,049
Noninterest income:        
Service charges, fees and commissions 1,634 1,006 4,815 3,426
Merchant services income 1,002 1,174 2,784 3,123
Commission and fees on fiduciary activities 575 487 1,690 1,281
Wealth management income 217 130 569 320
Mortgage banking income 142 80 434 246
Life insurance investment income 109 117 565 356
Net gain on sale of investment securities available-for-sale 701 33 861 158
Total noninterest income 4,380 3,027 11,718 8,910
Noninterest expense:        
Salaries and employee benefits expense 4,754 3,340 14,883 10,415
Net occupancy and equipment expense 2,020 685 6,080 2,187
Merchant services expense 662 740 1,722 1,947
Amortization of intangible assets 334 55 1,010 175
Acquisition related expense 109 220 1,725 225
Other expenses 3,205 2,325 9,190 6,397
Total noninterest expense 11,084 7,365 34,610 21,346
Income before income taxes 7,180 2,878 17,434 9,613
Income tax expense 1,944 392 4,169 1,762
Net income 5,236 2,486 13,265 7,851
Other comprehensive income (loss):        
Unrealized gain (loss) on investment securities available-for-sale (825) (20) 2,811 (3,240)
Reclassification adjustment for net gain on sales included in net income (701) (33) (861) (158)
Other comprehensive income (loss) (1,526) (53) 1,950 (3,398)
Income tax expense (benefit) related to other comprehensive income (loss) (534) (18) 682 (1,155)
Other comprehensive income (loss), net of income taxes (992) (35) 1,268 (2,243)
Comprehensive income $ 4,244 $ 2,451 $ 14,533 $ 5,608
Net income:        
Basic $ 0.70 $ 0.56 $ 1.76 $ 1.76
Diluted $ 0.70 $ 0.56 $ 1.76 $ 1.76
Average common shares outstanding:        
Basic 7,548,358 4,473,846 7,548,983 4,469,480
Diluted 7,548,358 4,473,846 7,566,456 4,469,480
Dividends declared $ 0.31 $ 0.31 $ 0.93 $ 0.93