XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income    
Loans, including fees $ 22,471 $ 21,396
Securities    
Taxable 3,246 2,940
Tax exempt 2,987 2,905
Other interest income 42 26
Total interest income 28,746 27,267
Interest expense    
Deposits 918 899
Federal Home Loan Bank advances 1,100 995
Subordinated debentures 343 309
Other borrowings 13 10
Total interest expense 2,374 2,213
Net interest income 26,372 25,054
Provision for loan losses 500  
Net interest income after provision for loan losses 25,872 25,054
Non-interest income    
Service charges on deposit accounts 4,682 4,621
Interchange income 2,635 1,961
Mortgage banking 1,790 1,855
Trust and investment product fees 1,210 1,206
Increase in cash surrender value of life insurance 302 313
Net realized gains on securities (includes $17 and $252 accumulated other comprehensive income (AOCI) reclassifications for realized net gains on available for sale securities) 17 252
Gain (Loss) on sale and write-down of OREO 149 (11)
Other income 804 1,194
Total non-interest income 11,589 11,391
Non-interest expense    
Salaries and employee benefits 14,860 13,977
Net occupancy 2,261 2,182
Equipment 3,063 2,732
Intangibles amortization 328 420
Telecommunications 369 438
Stationery printing and supplies 307 306
FDIC assessment 420 375
Marketing 654 562
Collection expense 252 256
Prepayment penalty on FHLB advance   2,364
Consultant expense 136 250
Interchange expense 813 575
Other expenses 2,694 2,590
Total non-interest expense 26,157 27,027
Income before income tax 11,304 9,418
Income tax expense (includes $6 and $86 income tax expense from AOCI reclassification items) 2,538 1,755
Net income attributable to common shareholders $ 8,766 $ 7,663
Net income per common share:    
Basic $ 0.41 $ 0.35
Diluted 0.40 0.35
Dividend per share $ 0.15 $ 0.13