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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income      
Loans and leases $ 71,960 $ 74,627 $ 69,135
Securities 3,148 2,845 2,962
Short-term investments 703 645 374
Total interest income 75,811 78,117 72,471
Interest expense      
Deposits 10,805 11,716 10,877
Federal Home Loan Bank advances and other borrowings 3,285 1,958 1,842
Junior subordinated notes 1,112 1,115 1,112
Total interest expense 15,202 14,789 13,831
Net interest income 60,609 63,328 58,640
Provision for loan and lease losses 6,172 7,818 3,386
Net interest income after provision for loan and lease losses 54,437 55,510 55,254
Non-interest income      
Trust and investment services fee income 6,670 5,356 4,954
Gain on sale of Small Business Administration loans 1,591 4,400 3,999
Gain on sale of residential mortgage loans 26 590 729
Service charges on deposits 3,013 2,990 2,812
Loan fees 1,988 2,430 2,187
Increase in cash surrender value of bank-owned life insurance 1,250 974 960
Net (loss) gain on sale of securities (403) 10 0
Swap fees 909 76 7
Other non-interest income 1,621 1,162 1,363
Total non-interest income 16,665 17,988 17,011
Non-interest expense      
Compensation 31,663 31,545 28,543
Occupancy 2,088 2,019 1,973
Professional fees 4,063 4,031 4,893
Data processing 2,701 3,298 2,378
Marketing 2,109 2,338 2,585
Equipment 1,211 1,189 1,230
Computer software 2,723 2,160 1,649
FDIC insurance 1,388 1,472 920
Collateral liquidation costs 829 262 472
Net (gain) loss on foreclosed properties (143) 122 (171)
Impairment of tax credit investments 2,784 3,691 0
SBA Recourse Provision 2,240 2,068 0
Other 3,215 2,238 2,902
Other non-interest expense 56,871 56,433 47,374
Income before income tax expense 14,231 17,065 24,891
Income tax expense 2,326 2,156 8,377
Net income $ 11,905 $ 14,909 $ 16,514
Earnings per common share:      
Basic $ 1.36 $ 1.71 $ 1.90
Diluted 1.36 1.71 1.90
Dividends declared per share $ 0.52 $ 0.48 $ 0.44