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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, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST INCOME:        
Loans, including related fees $ 21,271 $ 20,763 $ 42,455 $ 41,570
Securities:        
Taxable 3,694 3,991 7,525 8,052
Tax-exempt 1,818 1,790 3,640 3,569
Other 367 433 731 864
TOTAL INTEREST INCOME 27,150 26,977 54,351 54,055
INTEREST EXPENSE:        
Deposits 1,030 997 2,017 2,017
Short-term borrowings 26 19 49 32
Other borrowings 35 37 69 87
TOTAL INTEREST EXPENSE 1,091 1,053 2,135 2,136
NET INTEREST INCOME 26,059 25,924 52,216 51,919
Provision for loan losses 435 1,150 1,270 2,600
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 25,624 24,774 50,946 49,319
NON-INTEREST INCOME:        
Trust and financial services 1,292 1,253 2,626 2,745
Service charges and fees on deposit accounts 2,601 2,543 5,105 4,869
Other service charges and fees 3,149 3,000 6,149 5,838
Net securities gains (losses) 10 10 13 14
Insurance commissions 33 1,956 2,305 3,509
Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation   0 13,021  
Gain on sales of mortgage loans 481 542 885 901
Other 648 474 476 1,963
TOTAL NON-INTEREST INCOME 8,214 9,778 30,580 19,839
NON-INTEREST EXPENSE:        
Salaries and employee benefits 13,142 15,084 26,737 30,142
Occupancy expense 1,722 1,702 3,453 3,566
Equipment expense 1,808 1,702 3,645 3,474
FDIC Expense 403 450 854 880
Other 5,685 6,372 11,418 11,241
TOTAL NON-INTEREST EXPENSE 22,760 25,310 46,107 49,303
INCOME BEFORE INCOME TAXES 11,078 9,242 35,419 19,855
Income tax expense 2,846 2,319 13,512 5,171
NET INCOME 8,232 6,923 21,907 14,684
OTHER COMPREHENSIVE INCOME (LOSS)        
Change in unrealized gains/losses on securities, net of reclassifications 1,262 (7,564) 5,300 (2,802)
Change in funded status of post retirement benefits 304 819 608 3,283
COMPREHENSIVE INCOME (LOSS) $ 9,798 $ 178 $ 27,815 $ 15,165
PER SHARE DATA        
Basic and Diluted Earnings per Share (in dollars per share) $ 0.68 $ 0.54 $ 1.76 $ 1.14
Weighted average number of shares outstanding (in thousands) 12,236 12,903 12,441 12,925