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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income:      
Loans $ 77,694 $ 70,564 $ 69,863
Mortgage-backed securities 6,051 6,845 7,403
Investment securities and other 2,118 2,444 2,891
Total interest income 85,863 79,853 80,157
Interest expense:      
Deposits (note 9) 4,301 4,103 4,709
Borrowed funds (note 10) 4,733 3,402 4,919
Total interest expense 9,034 7,505 9,628
Net interest income 76,829 72,348 70,529
Provision for loan losses (note 5) 1,275 2,630 2,800
Net interest income after provision for loan losses 75,554 69,718 67,729
Other income:      
Bankcard services revenue 3,537 3,478 3,584
Wealth management revenue 2,187 2,280 2,174
Fees and services charges 8,124 8,589 7,451
Loan servicing income (note 6) 268 816 748
Net gain on sale of loan servicing 111 408  
Net gain on sales of loans available-for-sale (note 15) 822 772 1,163
Net gain on sales of investment securities available-for-sale (note 4)   1,031 46
Net loss from other real estate operations (149) (390) (161)
Income from Bank Owned Life Insurance 1,501 1,477 1,404
Other 25 116 49
Total other income 16,426 18,577 16,458
Operating expenses:      
Compensation and employee benefits (notes 12 and 13) 31,946 31,427 28,762
Occupancy (note 14) 5,722 5,510 5,562
Equipment 3,725 3,278 2,724
Marketing 1,516 1,795 1,632
Federal deposit insurance 2,072 2,128 2,141
Data processing 4,731 4,239 3,996
Check card processing 1,815 1,934 1,768
Professional fees 1,865 2,267 2,449
Other operating expense 5,484 5,186 5,366
Amortization of core deposit intangible 21    
Federal Home Loan Bank advance prepayment fee (note 10)     4,265
Branch consolidation expense     579
Merger related expenses 1,878    
Total operating expenses 60,775 57,764 59,244
Income before provision for income taxes 31,205 30,531 24,943
Provision for income taxes (note 11) 10,883 10,611 8,613
Net income $ 20,322 $ 19,920 $ 16,330
Basic earnings per share $ 1.22 $ 1.19 $ 0.96
Diluted earnings per share $ 1.21 $ 1.19 $ 0.95
Average basic shares outstanding (note 16) 16,600 16,687 17,071
Average diluted shares outstanding (note 16) 16,811 16,797 17,157