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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income    
Loans and leases $ 19,661 $ 17,522
Securities 856 779
Short-term investments 205 146
Total interest income 20,722 18,447
Interest expense    
Deposits 2,830 2,673
Federal Home Loan Bank advances and other borrowings 1,416 612
Junior subordinated notes 274 274
Total interest expense 4,520 3,559
Net interest income 16,202 14,888
Provision for loan and lease losses 2,476 572
Net interest income after provision for loan and lease losses 13,726 14,316
Non-interest income    
Trust and investment service fees 1,898 1,629
Gain on sale of Small Business Administration loans 269 360
Service charges on deposits 784 765
Loan fees 527 458
Increase in cash surrender value of bank-owned life insurance 292 311
Swap Fee Income 633 199
Other non-interest income 264 341
Total non-interest income 4,667 4,063
Non-interest expense    
Compensation 9,071 8,683
Occupancy 529 475
Professional fees 1,035 1,010
Data processing 611 584
Marketing 333 370
Equipment 343 283
Computer software 742 683
FDIC insurance 299 380
Collateral liquidation costs 1 92
Impairment of tax credit investments 113 113
SBA Recourse (Benefit) Provision (295) 6
Other non-interest expense 1,125 881
Total non-interest expense 13,907 13,560
Income before income tax expense 4,486 4,819
Income tax expense 837 1,422
Net income $ 3,649 $ 3,397
Earnings per common share    
Basic $ 0.42 $ 0.39
Diluted 0.42 0.39
Dividends declared per share $ 0.14 $ 0.13