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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST INCOME:        
Loans, including related fees $ 20,763 $ 21,625 $ 41,570 $ 43,843
Securities:        
Taxable 3,991 4,298 8,052 8,742
Tax-exempt 1,790 1,766 3,569 3,512
Other 433 426 864 842
TOTAL INTEREST INCOME 26,977 28,115 54,055 56,939
INTEREST EXPENSE:        
Deposits 997 1,233 2,017 2,523
Short-term borrowings 19 22 32 36
Other borrowings 37 254 87 632
TOTAL INTEREST EXPENSE 1,053 1,509 2,136 3,191
NET INTEREST INCOME 25,924 26,606 51,919 53,748
Provision for loan losses 1,150 (356) 2,600 1,604
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 24,774 26,962 49,319 52,144
NON-INTEREST INCOME:        
Trust and financial services 1,253 1,414 2,745 2,903
Service charges and fees on deposit accounts 2,543 2,761 4,869 5,245
Other service charges and fees 3,000 2,989 5,838 5,828
Net securities gains (losses) 10 (1) 14 (1)
Insurance commissions 1,956 1,852 3,509 3,765
Gain on sales of mortgage loans 542 457 901 833
Other 474 93 1,963 1,103
TOTAL NON-INTEREST INCOME 9,778 9,565 19,839 19,676
NON-INTEREST EXPENSE:        
Salaries and employee benefits 15,084 13,887 30,142 27,983
Occupancy expense 1,702 1,789 3,566 3,714
Equipment expense 1,702 1,904 3,474 3,562
FDIC Expense 450 473 880 960
Other 6,372 5,996 11,241 11,535
TOTAL NON-INTEREST EXPENSE 25,310 24,049 49,303 47,754
INCOME BEFORE INCOME TAXES 9,242 12,478 19,855 24,066
Income tax expense 2,319 3,990 5,171 7,747
NET INCOME 6,923 8,488 14,684 16,319
OTHER COMPREHENSIVE INCOME (LOSS)        
Change in unrealized gains/losses on securities, net of reclassifications (7,564) 4,116 (2,802) 9,419
Change in funded status of post retirement benefits 819 115 3,283 230
COMPREHENSIVE INCOME (LOSS) $ 178 $ 12,719 $ 15,165 $ 25,968
PER SHARE DATA        
Basic and Diluted Earnings per Share (in dollars per share) $ 0.54 $ 0.63 $ 1.14 $ 1.22
Weighted average number of shares outstanding (in thousands) 12,903 13,355 12,925 13,352