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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
INTEREST AND DIVIDEND INCOME:    
Loans including fees $ 18,686 $ 17,496
Securities:    
Taxable 2,355 2,939
Tax-exempt 883 938
Dividends 142 268
Total interest and dividend income 22,066 21,641
INTEREST EXPENSE:    
Deposits 2,016 2,047
Borrowed funds 914 818
Subordinated debentures (includes $89 and $96 accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements in 2016 and 2015, respectively) 194 186
Total interest expense 3,124 3,051
NET INTEREST INCOME 18,942 18,590
Provision for loan losses 1,196 943
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 17,746 17,647
NON-INTEREST INCOME:    
Service charges on deposit accounts 981 1,017
Other service charges and fees 560 624
Wealth and asset management fees 723 766
Net realized gains on available-for-sale securities (includes $0 and $19 accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities in 2016 and 2015, respectively) 0 19
Net realized and unrealized losses on trading securities (34) (32)
Mortgage banking 171 113
Bank owned life insurance 263 276
Other 479 314
Total non-interest income 3,143 3,097
NON-INTEREST EXPENSES:    
Salaries and benefits 7,491 6,632
Net occupancy expense 1,839 1,799
Amortization of core deposit intangible 215 259
Data processing 1,252 1,037
State and local taxes 492 550
Legal, professional, and examination fees 374 312
Advertising 484 334
FDIC insurance premiums 322 296
Merger costs 42 0
Other 1,669 1,874
Total non-interest expenses 14,180 13,093
INCOME BEFORE INCOME TAXES 6,709 7,651
INCOME TAX EXPENSE (includes ($31) and ($27) income tax expense from reclassification items in 2016 and 2015, respectively) 1,690 2,086
NET INCOME $ 5,019 $ 5,565
EARNINGS PER SHARE:    
Basic $ 0.35 $ 0.39
Diluted 0.35 0.39
DIVIDENDS PER SHARE:    
Cash dividends per share $ 0.165 $ 0.165