XML 14 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
INTEREST INCOME:    
Loans, including related fees $ 21,184 $ 20,807
Securities:    
Taxable 3,831 4,061
Tax-exempt 1,822 1,779
Other 364 431
TOTAL INTEREST INCOME 27,201 27,078
INTEREST EXPENSE:    
Deposits 987 1,020
Short-term borrowings 23 13
Other borrowings 34 50
TOTAL INTEREST EXPENSE 1,044 1,083
NET INTEREST INCOME 26,157 25,995
Provision for loan losses 835 1,450
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 25,322 24,545
NON-INTEREST INCOME:    
Trust and financial services 1,334 1,492
Service charges and fees on deposit accounts 2,504 2,326
Other service charges and fees 3,000 2,838
Net securities gains (losses) 3 4
Insurance commissions 2,272 1,553
Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation 13,021 0
Gain on sales of mortgage loans 404 359
Other (172) 1,489
TOTAL NON-INTEREST INCOME 22,366 10,061
NON-INTEREST EXPENSE:    
Salaries and employee benefits 13,595 15,058
Occupancy expense 1,731 1,864
Equipment expense 1,837 1,772
FDIC Expense 451 430
Other 5,733 4,869
TOTAL NON-INTEREST EXPENSE 23,347 23,993
INCOME BEFORE INCOME TAXES 24,341 10,613
Income tax expense 10,666 2,852
NET INCOME 13,675 7,761
OTHER COMPREHENSIVE INCOME (LOSS)    
Change in unrealized gains/losses on securities, net of reclassifications 4,039 4,762
Change in funded status of post retirement benefits 304 2,464
COMPREHENSIVE INCOME (LOSS) $ 18,018 $ 14,987
PER SHARE DATA    
Basic and Diluted Earnings per Share (in dollars per share) $ 1.08 $ 0.60
Weighted average number of shares outstanding (in thousands) 12,646 12,948