XML 58 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Loans and leases $ 16,680 $ 12,651 $ 34,005 $ 25,126
Securities income 748 855 1,524 1,721
Short-term investments 92 59 207 119
Total interest income 17,520 13,565 35,736 26,966
Interest expense:        
Deposits 2,593 2,337 5,162 4,506
Notes payable and other borrowings 461 152 904 310
Junior subordinated notes 278 277 552 551
Total interest expense 3,332 2,766 6,618 5,367
Net interest income 14,188 10,799 29,118 21,599
Provision for loan and lease losses 520 (91) 1,204 89
Net interest income after provision for loan and lease losses 13,668 10,890 27,914 21,510
Non-interest income:        
Trust and investment services fee income 1,279 1,110 2,486 2,178
Service charges on deposits 693 600 1,389 1,167
Loan fees 499 380 1,001 769
Increase in cash surrender value of bank-owned life insurance 238 209 472 416
Gain on sale of loans and leases 1,064 0 1,717 0
Other 353 59 909 149
Total non-interest income 4,126 2,358 7,974 4,679
Non-interest expense:        
Compensation 6,924 4,741 14,278 9,798
Occupancy 486 315 986 638
Professional fees 1,515 895 2,504 1,527
Data processing 655 423 1,185 839
Marketing 701 364 1,343 711
Equipment 298 125 606 255
FDIC insurance 220 173 433 363
Collateral liquidation costs 78 85 380 243
Net loss (gain) on foreclosed properties 1 4 (15) 4
Other 1,096 624 2,006 1,222
Total non-interest expense 11,974 7,749 23,706 15,600
Income before income tax expense 5,820 5,499 12,182 10,589
Income tax expense 1,962 1,994 4,132 3,747
Net income $ 3,858 $ 3,505 $ 8,050 $ 6,842
Earnings per common share:        
Basic $ 0.89 $ 0.89 $ 1.86 $ 1.73
Diluted 0.89 0.88 1.86 1.72
Dividends declared per share $ 0.22 $ 0.21 $ 0.44 $ 0.42