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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest Income        
Loans $ 9,043 $ 6,571 $ 17,433 $ 12,700
Securities – taxable 945 987 1,667 1,736
Securities – non-taxable 59 0 59 58
Other earning assets 83 54 158 151
Total interest income 10,130 7,612 19,317 14,645
Interest Expense        
Deposits 2,137 1,922 4,090 3,782
Other borrowed funds 421 317 881 624
Total interest expense 2,558 2,239 4,971 4,406
Net Interest Income 7,572 5,373 14,346 10,239
Provision (Credit) for Loan Losses 304 (73) 746 74
Net Interest Income After Provision (Credit) for Loan Losses 7,268 5,446 13,600 10,165
Noninterest Income        
Service charges and fees 193 187 369 354
Mortgage banking activities 2,214 1,229 5,100 2,129
Gain on sale of securities 0 125 0 484
Loss on asset disposals (33) (18) (47) (31)
Other 102 99 202 197
Total noninterest income 2,476 1,622 5,624 3,133
Noninterest Expense        
Salaries and employee benefits 3,787 2,948 7,365 5,955
Marketing, advertising, and promotion 334 387 786 767
Consulting and professional services 564 465 1,156 898
Data processing 233 239 481 473
Loan expenses 181 136 362 250
Premises and equipment 691 761 1,333 1,462
Deposit insurance premium 160 138 310 282
Other 377 486 791 911
Total noninterest expense 6,327 5,560 12,584 10,998
Income Before Income Taxes 3,417 1,508 6,640 2,300
Income Tax Provision 1,152 531 2,312 723
Net Income $ 2,265 $ 977 $ 4,328 $ 1,577
Income Per Share of Common Stock        
Basic (in dollars per share) $ 0.50 $ 0.22 $ 0.96 $ 0.35
Diluted (in dollars per share) $ 0.50 $ 0.22 $ 0.95 $ 0.35
Weighted-Average Number of Common Shares Outstanding        
Basic (in shares) 4,529,823 4,496,219 4,523,336 4,495,449
Diluted (in shares) 4,550,034 4,504,302 4,536,736 4,503,010
Dividends Declared Per Share (in dollars per share) $ 0.06 $ 0.06 $ 0.12 $ 0.12