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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest Income      
Interest and fees on loans $ 48,347 $ 47,534 $ 47,907
Interest on investment securities:      
Taxable 7,787 8,969 10,468
Nontaxable 2,253 2,450 2,669
Interest on deposits in other banks 715 372 182
Interest on federal funds sold, securities purchased under agreements to resell, and money market mutual funds 184 46 10
Total interest income 59,286 59,371 61,236
Interest Expense      
Interest on deposits 2,136 2,355 2,961
Interest on federal funds purchased 1
Interest on securities sold under agreements to repurchase 77 2,941 4,062
Interest on Federal Home Loan Bank advances 427 735 752
Interest on subordinated notes payable to unconsolidated trusts 870 723 866
Total interest expense 3,510 6,755 8,641
Net interest income 55,776 52,616 52,595
Provision for loan losses (211) (644) (3,429)
Net interest income after provision for loan losses 55,987 53,260 56,024
Noninterest Income      
Service charges and fees on deposits 7,987 7,856 7,590
Allotment processing fees 2,716 3,232 4,321
Other service charges, commissions, and fees 5,347 5,558 5,545
Trust income 2,704 2,664 2,373
Net gain on sales of available for sale investment securities 20 3,998 171
Net gain on sales of cost method investment securities 82 0
Gains on sale of mortgage loans, net 662 942 824
Income from company-owned life insurance 1,138 1,016 937
Gain on debt extinguishment 0 4,050 0
Legal settlement 0 1,450 0
Other 509 420 450
Total noninterest income 21,165 31,186 22,211
Noninterest Expense      
Salaries and employee benefits 30,296 32,296 32,008
Occupancy expenses, net 4,672 4,742 4,776
Equipment expenses 2,379 2,403 2,106
Data processing and communications expenses 4,571 4,596 4,377
Bank franchise tax 2,325 2,421 2,426
Amortization of intangibles 0 0 449
Deposit insurance expense 520 841 1,536
Other real estate expenses, net 845 2,189 1,708
Legal fees 86 474 843
Loss on debt extinguishment 0 3,776
Other 7,129 7,662 7,721
Total noninterest expense 52,823 61,400 57,950
Income before income taxes 24,329 23,046 20,285
Income tax expense 12,641 6,441 5,293
Net income 11,688 16,605 14,992
Less preferred stock dividends and discount accretion 395
Net income available to common shareholders $ 11,688 $ 16,605 $ 14,597
Per Common Share      
Net income – basic and diluted (in dollars per share) $ 1.56 $ 2.21 $ 1.95
Cash dividends declared (in dollars per share) $ 0.425 $ 0.31
Weighted Average Common Shares Outstanding      
Basic and diluted (in shares) 7,513 7,504 7,494