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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest and fees on loans:        
Taxable $ 15,294 $ 13,341 $ 44,400 $ 40,072
Tax-exempt 770 585 2,301 1,714
Interest and dividends on investment securities:        
Taxable 575 792 1,879 2,508
Tax-exempt 861 858 2,611 2,498
Dividends 10 9 31 24
Interest on interest-bearing deposits in other banks 15 13 47 39
Interest on federal funds sold       9
Total interest income 17,525 15,598 51,269 46,864
Interest expense:        
Interest on deposits 1,356 1,229 3,961 3,689
Interest on short-term borrowings 116 11 282 23
Interest on long-term debt 353 245 1,067 756
Total interest expense 1,825 1,485 5,310 4,468
Net interest income 15,700 14,113 45,959 42,396
Provision for loan losses 1,200 900 3,600 2,400
Net interest income after provision for loan losses 14,500 13,213 42,359 39,996
Noninterest income:        
Service charges, fees and commissions 1,542 1,531 4,513 4,685
Merchant services income 1,257 1,183 3,209 2,936
Commission and fees on fiduciary activities 539 541 1,495 1,487
Wealth management income 271 224 979 627
Mortgage banking income 217 197 616 667
Life insurance investment income 199 192 594 569
Net gain on sale of investment securities available-for-sale   147 623 979
Total noninterest income 4,025 4,015 12,029 11,950
Noninterest expense:        
Salaries and employee benefits expense 5,466 5,397 16,702 16,243
Net occupancy and equipment expense 2,316 2,246 6,998 6,863
Merchant services expense 890 823 2,270 2,006
Amortization of intangible assets 297 296 899 896
Other expenses 3,048 2,944 8,879 8,303
Total noninterest expense 12,017 11,706 35,748 34,311
Income before income taxes 6,508 5,522 18,640 17,635
Income tax expense 1,390 1,113 3,785 3,751
Net income 5,118 4,409 14,855 13,884
Other comprehensive income (loss):        
Unrealized (loss) gain on investment securities available-for-sale (1,120) 826 1,003 134
Reclassification adjustment for net gain on sales included in net income   (147) (623) (979)
Other comprehensive (loss) income (1,120) 679 380 (845)
Income tax related to other comprehensive (loss) income (392) 237 133 (296)
Other comprehensive (loss) income, net of income taxes (728) 442 247 (549)
Comprehensive income $ 4,390 $ 4,851 $ 15,102 $ 13,335
Net income:        
Basic $ 0.69 $ 0.58 $ 2.01 $ 1.84
Diluted $ 0.69 $ 0.58 $ 2.01 $ 1.84
Average common shares outstanding:        
Basic 7,394,143 7,536,824 7,397,581 7,543,751
Diluted 7,394,143 7,536,824 7,397,581 7,543,751
Dividends declared $ 0.31 $ 0.31 $ 0.93 $ 0.93