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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 $ 35,600 $ 35,285 $ 32,706
Interest on investment securities:      
Taxable 4,582 4,197 3,757
Non-taxable 3,199 2,848 2,713
Other investments 369 329 301
TOTAL INTEREST INCOME 43,750 42,659 39,477
INTEREST EXPENSE:      
Interest on deposits 3,440 3,009 3,161
Interest on short-term borrowings 38 24 22
Interest on long-term debt 26 295 407
TOTAL INTEREST EXPENSE 3,504 3,328 3,590
NET INTEREST INCOME 40,246 39,331 35,887
PROVISION FOR LOAN LOSSES 913 1,366 930
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 39,333 37,965 34,957
NON-INTEREST INCOME:      
Trust income 3,286 3,262 2,903
Service charges and fees on deposit accounts 5,008 4,920 4,838
Net gain on sales of securities 1,082 495 149
Bank owned life insurance income 746 625 671
Gains from sales of loans 244 343 147
Other operating income 487 478 434
TOTAL NON-INTEREST INCOME 10,853 10,123 9,142
NON-INTEREST EXPENSE:      
Salaries and employee benefits 18,215 17,593 15,762
Equipment expenses 1,048 1,257 1,316
Occupancy expense, net 2,271 2,307 2,232
State franchise tax 1,114 1,001 955
Marketing 696 720 703
Amortization of intangibles 753 700 574
FDIC premiums 547 598 660
ATM expense 721 698 624
Computer maintenance and supplies 790 782 794
Telephone expense 746 707 690
Contracted services 1,033 842 880
Other real estate owned 624 489 285
Merger-related expenses 0 643 1,400
Other non-interest expense 4,703 4,055 3,969
TOTAL NON-INTEREST EXPENSE 33,261 32,392 30,844
INCOME BEFORE INCOME TAXES 16,925 15,696 13,255
PROVISION FOR INCOME TAXES 4,443 4,222 3,386
NET INCOME $ 12,482 $ 11,474 $ 9,869
Earnings per common share:      
Basic (in dollars per share) $ 1.26 $ 1.18 $ 1.06
Diluted (in dollars per share) $ 1.25 $ 1.17 $ 1.05
Weighted average common shares outstanding:      
Basic (in shares) 9,948,057 9,704,965 9,297,019
Diluted (in shares) 9,976,370 9,811,467 9,406,346