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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 15,270 $ 7,684
Taxable securities 1,437 1,647
Tax exempt securities 889 615
Dividends 113 48
Federal funds sold and other interest income 38 5
TOTAL INTEREST AND DIVIDEND INCOME 17,747 9,999
INTEREST EXPENSE    
Deposits 707 887
Short-term borrowings 175 11
Long-term borrowings 118 109
TOTAL INTEREST EXPENSE 1,000 1,007
NET INTEREST INCOME 16,747 8,992
Provision for loan losses 780 450
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 15,967 8,542
NONINTEREST INCOME    
Service charges on deposit accounts 935 603
Bank owned life insurance income 212 139
Trust fees 1,496 1,647
Insurance agency commissions 139 146
Security gains 0 10
Retirement plan consulting fees 489 504
Investment commissions 236 298
Net gains on sale of loans 402 123
Other operating income 1,037 567
TOTAL NONINTEREST INCOME 4,946 4,037
NONINTEREST EXPENSES    
Salaries and employee benefits 7,554 5,542
Occupancy and equipment 1,664 1,111
State and local taxes 393 245
Professional fees 529 476
Merger related cost 289 245
Advertising 345 217
FDIC insurance 283 177
Intangible amortization 337 167
Core processing charges 638 381
Other operating expenses 2,412 1,190
TOTAL NONINTEREST EXPENSES 14,444 9,751
INCOME BEFORE INCOME TAXES 6,469 2,828
INCOME TAXES 1,671 617
NET INCOME $ 4,798 $ 2,211
EARNINGS PER SHARE - basic and diluted $ 0.18 $ 0.12