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Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Interest and fees on loans $ 12,198 $ 11,391 $ 34,974 $ 33,242
Interest on investment securities 2,682 2,392 7,473 7,460
Interest on certificates of deposit investments 6 0 6 0
Interest on deposits with other financial institutions 57 24 101 67
Total interest income 14,943 13,807 42,554 40,769
Interest expense:        
Interest on deposits 645 586 1,690 1,778
Interest on securities sold under agreements to repurchase 14 11 43 33
Interest on FHLB borrowings 155 78 465 211
Interest on other borrowings 1 0 14 1
Interest on subordinated debentures 132 130 390 385
Total interest expense 947 805 2,602 2,408
Net interest income 13,996 13,002 39,952 38,361
Provision for loan losses 481 44 889 495
Net interest income after provision for loan losses 13,515 12,958 39,063 37,866
Other income:        
Trust revenues 795 813 2,575 2,594
Brokerage commissions 329 265 913 748
Insurance commissions 459 448 1,568 1,447
Service charges 1,536 1,412 4,003 3,909
Securities gains, net 1 (20) 231 714
Mortgage banking revenue, net 172 185 549 441
ATM / debit card revenue 1,200 958 3,224 2,933
Other 517 341 1,282 1,087
Total other income 5,009 4,402 14,345 13,873
Other expense:        
Salaries and employee benefits 6,522 6,216 18,875 18,323
Net occupancy and equipment expense 2,424 2,056 6,329 6,319
Net Other Real Estate Owned (Income) Expense (1) 41 0 23
FDIC insurance 236 199 641 604
Amortization of intangible assets 155 162 466 487
Stationery and supplies 180 152 475 480
Legal and professional 660 514 1,842 1,753
Marketing and donations 296 246 790 755
Other 2,410 1,504 5,498 4,520
Total other expense 12,882 11,090 34,916 33,264
Income before income taxes 5,642 6,270 18,492 18,475
Income taxes 1,979 2,355 6,634 6,924
Net income 3,663 3,915 11,858 11,551
Dividends on preferred shares 550 1,105 1,650 3,313
Net income available to common stockholders $ 3,113 $ 2,810 $ 10,208 $ 8,238
Per share data:        
Basic earnings per common share $ 0.37 $ 0.48 $ 1.35 $ 1.40
Diluted net income per common share available to common stockholders 0.37 0.47 1.33 1.38
Cash dividends declared per common share $ 0.00 $ 0.00 $ 0.29 $ 0.26