CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| Interest income | |||
| Interest and fees on loans | $ 66,600 | $ 58,861 | $ 51,842 |
| Interest and dividends on investments | 6,155 | 5,740 | 6,361 |
| Total interest income | 72,755 | 64,601 | 58,203 |
| Interest expense | 2,874 | 2,961 | 3,260 |
| Net interest income | 69,881 | 61,640 | 54,943 |
| Provision for loan losses | 900 | 1,000 | 1,700 |
| Net interest income after provision for loan losses | 68,981 | 60,640 | 53,243 |
| Non-interest income | |||
| Service charges on deposit accounts | 2,181 | 2,449 | 2,821 |
| Card processing | 4,451 | 4,250 | 4,185 |
| Mortgage banking | 8,478 | 7,316 | 6,444 |
| Other operating | 1,769 | 1,989 | 1,791 |
| Total non-interest income | 16,879 | 16,004 | 15,241 |
| Non-interest expense | |||
| Salaries and employee benefits | 31,441 | 29,892 | 27,584 |
| Occupancy, equipment and depreciation | 4,296 | 3,953 | 3,889 |
| Data processing | 2,866 | 2,831 | 2,792 |
| FDIC premiums | 631 | 754 | 810 |
| Card processing | 2,178 | 2,017 | 2,136 |
| Marketing and advertising | 1,044 | 853 | 934 |
| Merger-related expenses | 711 | ||
| Other | 6,521 | 6,468 | 6,477 |
| Total non-interest expense | 48,977 | 46,768 | 45,333 |
| Income before income tax expense | 36,883 | 29,876 | 23,151 |
| Income tax expense | 13,273 | 10,262 | 8,246 |
| Net income | $ 23,610 | $ 19,614 | $ 14,905 |
| Earnings per common share: | |||
| Basic | $ 1.33 | $ 1.21 | $ 1.02 |
| Diluted | $ 1.30 | $ 1.17 | $ 0.98 |
| Weighted average common shares outstanding: | |||
| Basic | 17,732,920 | 16,258,424 | 14,677,499 |
| Diluted | 18,214,924 | 16,829,205 | 15,134,025 |