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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Loans receivable, including fees:        
Taxable $ 22,767 $ 20,761 $ 66,494 $ 59,909
Tax-exempt 627 824 2,036 2,519
Securities:        
Taxable 4,238 5,187 13,945 15,251
Tax-exempt 240 229 721 610
Total interest income 27,872 27,001 83,196 78,289
Interest Expense        
Deposits 1,603 1,490 4,710 4,325
Short-term borrowings 259 331 693 840
Long-term debt 85 325 238 939
Total interest expense 1,947 2,146 5,641 6,104
Net interest income 25,925 24,855 77,555 72,185
Provision for loan losses 2,250 2,100 6,350 4,100
Net interest income after provision for loan losses 23,675 22,755 71,205 68,085
Noninterest Income        
Card income 3,948 3,828 11,948 11,643
Service charges on deposit accounts 2,247 2,399 6,440 6,668
Other noninterest income 1,169 1,122 3,614 3,326
Net gains on sales of loans 99 254 1,044 528
Net gains on sales/call of securities 12 26 428 37
Total noninterest income 7,475 7,629 23,474 22,202
Noninterest Expenses        
Salaries and employee benefits 10,481 11,204 33,444 33,686
Occupancy 2,096 2,133 7,237 6,712
Furniture and equipment 689 908 2,143 2,932
Advertising and marketing 432 519 1,194 1,288
Data processing 3,658 3,223 10,888 9,793
Regulatory assessments and related fees 535 544 1,658 1,697
Telephone 855 838 2,506 2,664
Loan expense 473 153 2,081 1,169
Merger-related expenses 1,691 0 1,691 0
Professional services 300 371 1,759 973
State shares tax 485 545 1,583 1,631
Other 1,881 1,938 6,223 5,634
Total noninterest expenses 23,576 22,376 72,407 68,179
Income before taxes 7,574 8,008 22,272 22,108
Provision for federal income taxes 2,759 2,507 7,558 6,582
Net income $ 4,815 $ 5,501 $ 14,714 $ 15,526
Net Income per Common Share        
Basic (in dollars per share) $ 0.34 $ 0.39 $ 1.04 $ 1.09
Diluted (in dollars per share) 0.33 0.38 1.02 1.07
Cash Dividends per Common Share (in dollars per share) $ 0.07 $ 0 $ 0.21 $ 0
Average Common and Common Equivalent Shares Outstanding        
Basic (in shares) 14,067 14,201 14,116 14,182
Diluted (in shares) 14,350 14,442 14,381 14,391