Consolidated Statements of Income - USD ($) $ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Interest income |
|
|
|
| Loans and leases |
$ 74,627
|
$ 69,135
|
$ 54,047
|
| Securities income |
2,845
|
2,962
|
3,342
|
| Short-term investments |
645
|
374
|
312
|
| Total interest income |
78,117
|
72,471
|
57,701
|
| Interest expense |
|
|
|
| Deposits |
11,716
|
10,877
|
9,470
|
| Federal Home Loan Bank advances and other borrowings |
1,958
|
1,842
|
989
|
| Junior subordinated notes |
1,115
|
1,112
|
1,112
|
| Total interest expense |
14,789
|
13,831
|
11,571
|
| Net interest income |
63,328
|
58,640
|
46,130
|
| Provision for loan and lease losses |
7,818
|
3,386
|
1,236
|
| Net interest income after provision for loan and lease losses |
55,510
|
55,254
|
44,894
|
| Non-interest income |
|
|
|
| Trust and investment services fee income |
5,356
|
4,954
|
4,434
|
| Gain on sale of Small Business Association loans |
4,400
|
3,999
|
318
|
| Gain on sale of residential mortgage loans |
590
|
729
|
74
|
| Service charges on deposits |
2,990
|
2,812
|
2,469
|
| Loan fees |
2,430
|
2,187
|
1,577
|
| Increase in cash surrender value of bank-owned life insurance |
974
|
960
|
862
|
| Other non-interest income |
1,248
|
1,370
|
369
|
| Total non-interest income |
17,988
|
17,011
|
10,103
|
| Non-interest expense |
|
|
|
| Compensation |
31,545
|
28,543
|
21,477
|
| Occupancy |
2,019
|
1,973
|
1,391
|
| Professional fees |
4,031
|
4,893
|
3,405
|
| Data processing |
3,298
|
2,378
|
1,710
|
| Marketing |
2,338
|
2,585
|
1,662
|
| Equipment |
1,189
|
1,230
|
650
|
| FDIC insurance |
1,472
|
920
|
758
|
| Collateral liquidation costs |
262
|
472
|
320
|
| Net loss (gain) on foreclosed properties |
122
|
(171)
|
(10)
|
| Impairment of tax credit investments |
3,691
|
0
|
0
|
| SBA Recourse Provision |
2,068
|
0
|
0
|
| Other |
4,398
|
4,551
|
2,412
|
| Other non-interest expense |
56,433
|
47,374
|
33,775
|
| Income before income tax expense |
17,065
|
24,891
|
21,222
|
| Income tax expense |
2,156
|
8,377
|
7,083
|
| Net income |
$ 14,909
|
$ 16,514
|
$ 14,139
|
| Earnings per common share: |
|
|
|
| Basic |
$ 1.71
|
$ 1.90
|
$ 1.76
|
| Diluted |
1.71
|
1.90
|
1.75
|
| Dividends declared per share |
$ 0.48
|
$ 0.44
|
$ 0.42
|