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Consolidated Statements of Income (Unaudited) - 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 $ 11,642 $ 11,767 $ 23,757 $ 23,537
Interest on federal funds sold 0 1 0 5
Interest and dividends on securities:        
Taxable 1,150 994 2,234 1,969
Tax-exempt 817 940 1,640 1,900
Dividends 93 85 184 167
Other interest income 67 50 125 98
Total interest and dividend income 13,769 13,837 27,940 27,676
Interest Expense:        
Interest on deposits 1,314 1,184 2,611 2,378
Interest on short-term borrowings 1 2 2 5
Interest on long-term borrowings 81 81 162 161
Interest on junior subordinated debt 213 188 421 372
Total interest expense 1,609 1,455 3,196 2,916
Net Interest Income 12,160 12,382 24,744 24,760
Provision for Loan Losses 50 100 100 700
Net Interest Income After Provision for Loan Losses 12,110 12,282 24,644 24,060
Noninterest Income:        
Trust fees 961 1,005 1,891 1,957
Service charges on deposit accounts 514 525 1,006 1,022
Other fees and commissions 656 607 1,328 1,195
Mortgage banking income 365 389 657 611
Securities gains, net 222 237 588 547
Brokerage fees 223 211 427 426
Income from Small Business Investment Companies 72 94 238 328
Other 354 190 529 328
Total noninterest income 3,367 3,258 6,664 6,414
Noninterest Expense:        
Salaries 4,031 4,308 8,246 8,455
Employee benefits 1,055 1,111 2,169 2,186
Occupancy and equipment 1,059 1,024 2,158 2,196
FDIC assessment 193 195 381 380
Bank franchise tax 256 220 512 455
Core deposit intangible amortization 288 300 576 601
Data processing 459 483 903 945
Software 274 277 571 560
Other real estate owned, net 76 133 209 186
Merger related expense 0 1,502 0 1,861
Other 1,965 2,089 3,849 3,864
Total noninterest expense 9,656 11,642 19,574 21,689
Income Before Income Taxes 5,821 3,898 11,734 8,785
Income Taxes 1,733 1,018 3,518 2,390
Net Income $ 4,088 $ 2,880 $ 8,216 $ 6,395
Net Income Per Common Share:        
Basic (in dollars per share) $ 0.47 $ 0.33 $ 0.95 $ 0.73
Diluted (in dollars per share) $ 0.47 $ 0.33 $ 0.95 $ 0.73
Average Common Shares Outstanding:        
Basic (in shares) 8,610,156 8,707,504 8,610,998 8,713,528
Diluted (in shares) 8,619,833 8,715,934 8,616,873 8,722,266