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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest and dividend income        
Loans and leases, including fees $ 12,880,000 $ 11,057,000 $ 25,200,000 $ 21,408,000
Taxable securities 2,003,000 1,876,000 4,251,000 3,701,000
Tax-exempt securities 732,000 $ 733,000 1,457,000 $ 1,474,000
Dividend income on securities 48,000   93,000  
Federal funds sold and other 6,000 $ 16,000 18,000 $ 51,000
Total interest income 15,669,000 13,682,000 31,019,000 26,634,000
Interest expense        
Deposits 449,000 553,000 893,000 1,111,000
Short-term borrowings 21,000 $ 4,000 31,000 $ 9,000
Long-term borrowings 3,000   7,000  
Subordinated debentures 178,000 $ 175,000 352,000 $ 349,000
Total interest expense 651,000 732,000 1,283,000 1,469,000
Net interest income $ 15,018,000 12,950,000 $ 29,736,000 25,165,000
Provision for loan losses   200,000   350,000
Net interest income after provision for loan losses $ 15,018,000 12,750,000 $ 29,736,000 24,815,000
Non-interest Income        
Service charges on deposits 2,278,000 2,039,000 4,269,000 3,925,000
Net gains on sale of securities available-for-sale 307,000 183,000 323,000 287,000
Other income 2,069,000 1,796,000 4,069,000 3,513,000
Total non-interest income 4,654,000 4,018,000 8,661,000 7,725,000
Other operating expense        
Salaries and employee benefits 6,125,000 5,328,000 13,020,000 11,313,000
Occupancy and equipment 1,666,000 1,532,000 3,326,000 3,037,000
Other 4,960,000 4,148,000 9,865,000 7,386,000
Total other operating expense 12,751,000 11,008,000 26,211,000 21,736,000
Income before taxes 6,921,000 5,760,000 12,186,000 10,804,000
Provision for income taxes 2,364,000 1,523,000 3,891,000 2,768,000
Net income $ 4,557,000 $ 4,237,000 $ 8,295,000 $ 8,036,000
PER SHARE DATA        
Book value $ 13.88 $ 13.34 $ 13.88 $ 13.34
Cash dividends 0.10 0.08 0.2 0.16
Earnings per share basic 0.34 0.30 0.61 0.57
Earnings per share diluted $ 0.33 $ 0.30 $ 0.60 $ 0.56
Average shares outstanding, basic 13,560,091 14,086,939 13,619,050 14,157,103
Average shares outstanding, diluted 13,686,206 14,212,532 13,745,467 14,291,359
Total shareholder equity (in thousands) $ 186,106,000 $ 186,922,000 $ 186,106,000 $ 186,922,000
Shares outstanding 13,404,812 14,009,139 13,404,812 14,009,139
Dividends Paid $ 1,361,581 $ 1,137,910 $ 2,730,579 $ 2,267,656