XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
INTEREST INCOME:        
Loans, including related fees $ 21,753 $ 21,478 $ 64,208 $ 63,048
Securities:        
Taxable 3,506 3,918 11,031 11,970
Tax-exempt 1,826 1,806 5,466 5,375
Other 365 401 1,096 1,265
TOTAL INTEREST INCOME 27,450 27,603 81,801 81,658
INTEREST EXPENSE:        
Deposits 1,016 963 3,033 2,980
Short-term borrowings 51 22 100 54
Other borrowings 32 42 101 129
TOTAL INTEREST EXPENSE 1,099 1,027 3,234 3,163
NET INTEREST INCOME 26,351 26,576 78,567 78,495
Provision for loan losses 1,091 1,050 2,361 3,650
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 25,260 25,526 76,206 74,845
NON-INTEREST INCOME:        
Trust and financial services 1,270 1,382 3,896 4,127
Service charges and fees on deposit accounts 2,765 2,688 7,870 7,557
Other service charges and fees 3,062 3,080 9,211 8,918
Net securities gains (losses) 13 9 26 23
Insurance commissions 35 1,693 2,340 5,202
Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation (199) 0 12,822 0
Gain on sales of mortgage loans 522 611 1,407 1,512
Other 455 488 931 2,451
TOTAL NON-INTEREST INCOME 7,923 9,951 38,503 29,790
NON-INTEREST EXPENSE:        
Salaries and employee benefits 12,883 14,963 39,620 45,105
Occupancy expense 1,785 1,756 5,238 5,322
Equipment expense 1,878 1,736 5,523 5,210
FDIC Expense 356 468 1,210 1,348
Other 5,104 5,229 16,522 16,470
TOTAL NON-INTEREST EXPENSE 22,006 24,152 68,113 73,455
INCOME BEFORE INCOME TAXES 11,177 11,325 46,596 31,180
Income tax expense 3,015 2,927 16,527 8,098
NET INCOME 8,162 8,398 30,069 23,082
OTHER COMPREHENSIVE INCOME (LOSS)        
Change in unrealized gains/losses on securities, net of reclassifications 777 4,471 6,077 1,669
Change in funded status of post retirement benefits 304 819 912 4,102
COMPREHENSIVE INCOME (LOSS) $ 9,243 $ 13,688 $ 37,058 $ 28,853
PER SHARE DATA        
Basic and Diluted Earnings per Share (in dollars per share) $ 0.67 $ 0.65 $ 2.43 $ 1.79
Weighted average number of shares outstanding (in thousands) 12,186 12,773 12,356 12,874