XML 19 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income      
Loans and leases $ 86,228 $ 71,960 $ 74,627
Securities 3,842 3,148 2,845
Short-term investments 1,205 703 645
Total interest income 91,275 75,811 78,117
Interest expense      
Deposits 15,533 10,805 11,716
Federal Home Loan Bank advances and other borrowings 7,288 3,285 1,958
Junior subordinated notes 1,112 1,112 1,115
Total interest expense 23,933 15,202 14,789
Net interest income 67,342 60,609 63,328
Provision for loan and lease losses 5,492 6,172 7,818
Net interest income after provision for loan and lease losses 61,850 54,437 55,510
Non-interest income      
Trust and investment services fee income 7,744 6,670 5,356
Gain on sale of Small Business Administration loans 1,451 1,591 4,400
Gain on sale of residential mortgage loans 0 26 590
Service charges on deposits 3,062 3,013 2,990
Loan fees 1,783 1,988 2,430
Increase in cash surrender value of bank-owned life insurance 1,191 1,250 974
Net (loss) gain on sale of securities (4) (403) 10
Swap fees 1,670 909 76
Other non-interest income 1,270 1,621 1,162
Total non-interest income 18,167 16,665 17,988
Non-interest expense      
Compensation 37,439 31,663 31,545
Occupancy 2,192 2,088 2,019
Professional fees 3,869 4,063 4,031
Data processing 2,362 2,701 3,298
Marketing 2,135 2,109 2,338
Equipment 1,434 1,211 1,189
Computer software 3,015 2,723 2,160
FDIC insurance 1,478 1,388 1,472
Collateral liquidation costs 646 829 262
Net loss (gain) on foreclosed properties 367 (143) 122
Impairment of tax credit investments 2,083 2,784 3,691
SBA recourse provision 1,913 2,240 2,068
Other non-interest expense 3,430 3,215 2,238
Total non-interest expense 62,363 56,871 56,433
Income before income tax expense 17,654 14,231 17,065
Income tax expense 1,351 2,326 2,156
Net income $ 16,303 $ 11,905 $ 14,909
Earnings per common share:      
Basic $ 1.86 $ 1.36 $ 1.71
Diluted 1.86 1.36 1.71
Dividends declared per share $ 0.56 $ 0.52 $ 0.48