v2.4.0.8
CONSOLIDATED INCOME STATEMENTS (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 income:        
Loans $ 11,404 $ 9,108 $ 31,735 $ 28,111
Securities AFS 799 304 1,741 480
Fed funds sold, FHLB stock and deposits 181 112 514 287
Total interest income 12,384 9,524 33,990 28,878
Interest expense:        
Deposits 953 781 2,595 2,328
Borrowings 284 105 682 232
Total interest expense 1,237 886 3,277 2,560
Net interest income 11,147 8,638 30,713 26,318
Provision for loan losses 0 445 235 1,753
Net interest income after provision for loan losses 11,147 8,193 30,478 24,565
Noninterest income:        
Asset management, consulting and other fees 6,309 4,597 17,388 13,508
Other income 428 491 1,316 1,323
Total noninterest income 6,737 5,088 18,704 14,831
Noninterest expense:        
Compensation and benefits 8,764 7,172 25,278 21,437
Occupancy and depreciation 1,867 1,870 5,499 4,712
Professional services and marketing costs 1,192 982 4,540 3,013
Other expenses 1,272 914 4,195 3,197
Total noninterest expense 13,095 10,938 39,512 32,359
Income before taxes on income 4,789 2,343 9,670 7,037
Taxes on income 2,130 890 4,282 2,674
Net income $ 2,659 $ 1,453 $ 5,388 $ 4,363
Net income per share:        
Basic $ 0.34 $ 0.20 $ 0.70 $ 0.59
Diluted $ 0.32 $ 0.19 $ 0.66 $ 0.57
Shares used to compute net income per share:        
Basic 7,735,350 7,414,527 7,734,372 7,402,044
Diluted 8,240,424 7,756,475 8,188,633 7,708,028