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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 12,897 $ 10,800 $ 25,701 $ 21,423
Investment income:        
Interest and dividends on investment securities 1,988 1,913 3,985 3,823
Interest on interest earning deposits with banks and other short-term investments 58 59 139 132
Total interest and dividend income 14,943 12,772 29,825 25,378
INTEREST EXPENSE        
Savings, interest bearing checking and money market accounts 424 354 864 721
Time deposits 340 323 731 657
Short-term borrowings 31 5 31 5
Securities sold under agreement to repurchase and other short-term debt 103 146 212 301
Long-term debt 214 199 424 396
Total interest expense 1,112 1,027 2,262 2,080
Net interest income 13,831 11,745 27,563 23,298
Provision for credit losses 200 100 405 100
Net interest income after provision for credit losses 13,631 11,645 27,158 23,198
NONINTEREST INCOME        
Trust division income 835 885 1,702 1,780
Net debit card income 812 812 1,461 1,505
Overdraft income 677 333 1,308 779
Service charges on deposits 424 378 839 718
Other 473 345 835 641
Total noninterest income 3,221 2,753 6,145 5,423
NONINTEREST EXPENSE        
Compensation and benefits 5,456 5,190 11,764 10,238
Occupancy expense 1,025 1,049 2,164 2,192
Equipment expense 704 732 1,423 1,498
Telephone expense 192 186 390 403
Legal and professional fees 731 537 1,324 974
Mobile & internet banking 336 410 702 796
Core / Item processing 459 433 976 839
Marketing 207 137 399 289
State franchise taxes 398 404 796 690
FDIC insurance 281 217 535 435
Merger costs (72) 143 61 148
Core deposit intangible 51   102  
Other 1,065 1,043 2,116 1,986
Total noninterest expense 10,833 10,481 22,752 20,488
Income before provision for income taxes 6,019 3,917 10,551 8,133
Provision for income taxes 1,653 801 2,695 1,681
NET INCOME $ 4,366 $ 3,116 $ 7,856 $ 6,452
Basic earnings per common share (in dollars per share) $ 0.64 $ 0.49 $ 1.15 $ 1.02
Diluted earnings per common share (in dollars per share) $ 0.63 $ 0.49 $ 1.14 $ 1.02