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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest Income      
Loans $ 37,049 $ 27,875 $ 20,843
Securities – taxable 3,728 3,036 2,891
Securities – non-taxable 312 58 1,611
Other earning assets 358 246 191
Total interest income 41,447 31,215 25,536
Interest Expense      
Deposits 8,755 7,653 6,861
Other borrowed funds 1,939 1,275 1,227
Total interest expense 10,694 8,928 8,088
Net Interest Income 30,753 22,287 17,448
Provision for Loan Losses 1,946 349 324
Net Interest Income After Provision for Loan Losses 28,807 21,938 17,124
Noninterest Income      
Service charges and fees 764 707 687
Mortgage banking activities 9,000 5,609 8,682
Other-than-temporary impairment      
Total loss related to other than temporarily impaired securities 0 0 (129)
Portion of loss recognized in other comprehensive income (loss) 0 0 80
Other-than-temporary impairment loss recognized in net income 0 0 (49)
Gain (loss) on sale of securities 0 538 (63)
Loss on asset disposals (34) (78) (146)
Other 411 398 406
Total noninterest income 10,141 7,174 9,517
Noninterest Expense      
Salaries and employee benefits 14,271 12,348 10,250
Marketing, advertising, and promotion 1,756 1,455 1,858
Consulting and professional fees 2,374 1,902 2,152
Data processing 1,016 995 911
Loan expenses 631 626 799
Premises and equipment 2,768 2,937 2,196
Deposit insurance premium 643 591 451
Other 1,824 1,808 1,865
Total noninterest expense 25,283 22,662 20,482
Income Before Income Taxes 13,665 6,450 6,159
Income Tax Provision 4,736 2,126 1,566
Net Income $ 8,929 $ 4,324 $ 4,593
Income Per Share of Common Stock (in dollars per share)      
Basic (in dollars per share) $ 1.97 $ 0.96 $ 1.51
Diluted (in dollars per share) $ 1.96 $ 0.96 $ 1.51
Weighted-Average Number of Common Shares Outstanding      
Basic (shares) 4,528,528 4,497,007 3,041,666
Diluted (shares) 4,554,219 4,507,995 3,050,001
Dividends Declared Per Share (in dollars per share) $ 0.24 $ 0.24 $ 0.22