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Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Loans:      
Taxable $ 21,077 $ 20,802 $ 16,699
Tax-exempt 268 328 261
Investment securities:      
Taxable 4,584 4,119 2,801
Tax-exempt 3,068 2,601 2,351
Total interest income 28,997 27,850 22,112
Interest expense:      
Deposits 1,071 1,235 1,377
Subordinated debentures 699 686 446
Borrowings 1,311 1,265 1,258
Total interest expense 3,081 3,186 3,081
Net interest income 25,916 24,664 19,031
Provision for loan losses (700) 600 800
Net interest income after provision for loan losses 26,616 24,064 18,231
Non-interest income:      
Fees and service charges 7,331 7,424 5,757
Gains on sales of loans, net 7,993 5,880 3,777
Increase in cash surrender value of bank owned life insurance 514 523 561
Gains (losses) on sales of investment securities, net (119) 99 0
Other 1,291 1,145 610
Total non-interest income 17,010 15,071 10,705
Non-interest expense:      
Compensation and benefits 15,230 14,347 10,578
Occupancy and equipment 4,252 4,397 3,333
Acquisition costs 0 0 1,886
Data processing 1,391 1,416 992
Amortization of intangibles 1,355 1,296 749
Professional fees 1,048 1,096 1,102
Advertising 618 534 435
Federal deposit insurance premiums 433 518 441
Foreclosure and real estate owned expense 65 102 370
Other 4,814 4,354 3,649
Total non-interest expense 29,206 28,060 23,535
Earnings before income taxes 14,420 11,075 5,401
Income tax expense 3,914 3,026 746
Net earnings $ 10,506 $ 8,049 $ 4,655
Earnings per share:      
Basic (in dollars per share) [1] $ 3.00 $ 2.30 $ 1.37
Diluted (in dollars per share) [1] $ 2.91 $ 2.27 $ 1.35
[1] All per share amounts have been adjusted to give effect to the 5% stock dividends paid during December 2015, 2014 and 2013.