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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest and dividend income:        
Loans $ 17,637 $ 15,329 $ 51,328 $ 43,621
Investment securities:        
Taxable 1,874 2,336 6,116 7,145
Nontaxable 3,392 3,394 10,184 10,003
22,903 21,059 67,628 60,769
Interest expense:        
Savings, NOW and money market deposits 690 474 1,840 1,432
Time deposits 1,495 1,607 4,565 4,539
Short-term borrowings 19 50 113 124
Long-term debt 1,766 1,686 5,877 4,989
3,970 3,817 12,395 11,084
Net interest income 18,933 17,242 55,233 49,685
Provision for loan losses 1,049 1,221 2,402 2,144
Net interest income after provision for loan losses 17,884 16,021 52,831 47,541
Noninterest income:        
Investment Management Division income 509 536 1,548 1,557
Service charges on deposit accounts 656 715 1,981 2,303
Net gains on sales of securities   23 1,133 141
Other 654 754 2,196 1,671
1,819 2,028 6,858 5,672
Noninterest expense:        
Salaries 5,114 4,601 15,134 13,482
Employee benefits 1,608 1,203 4,347 3,554
Occupancy and equipment 2,070 2,121 6,639 6,447
Debt extinguishment     1,084  
Other 2,590 2,222 7,367 6,949
11,382 10,147 34,571 30,432
Income before income taxes 8,321 7,902 25,118 22,781
Income tax expense 1,810 1,848 5,846 5,226
Net income $ 6,511 $ 6,054 $ 19,272 $ 17,555
Weighted average:        
Common shares (in Shares) 14,029,990 13,821,270 13,982,485 13,787,990
Dilutive stock options and restricted stock units (in Shares) 165,687 144,281 157,488 144,643
(in Shares) 14,195,677 13,965,551 14,139,973 13,932,633
Earnings per share:        
Basic (in Dollars per share) $ 0.46 $ 0.44 $ 1.38 $ 1.27
Diluted (in Dollars per share) 0.46 0.43 1.36 1.26
Cash dividends declared per share (in Dollars per share) $ 0.20 $ 0.19 $ 0.58 $ 0.53