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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest and Dividend Income:        
Interest and fees on loans $ 14,394 $ 12,032 $ 40,850 $ 35,789
Interest and dividends on securities:        
Taxable 1,108 1,112 3,395 3,346
Tax-exempt 460 767 1,604 2,407
Dividends 77 74 240 258
Other interest income 235 78 469 203
Total interest and dividend income 16,274 14,063 46,558 42,003
Interest Expense:        
Interest on deposits 1,529 1,291 4,081 3,902
Interest on short-term borrowings 52 4 94 6
Interest on long-term borrowings 82 81 243 243
Interest on junior subordinated debt 273 223 756 644
Total interest expense 1,936 1,599 5,174 4,795
Net Interest Income 14,338 12,464 41,384 37,208
Provision for Loan Losses 440 100 1,090 200
Net Interest Income After Provision for Loan Losses 13,898 12,364 40,294 37,008
Noninterest Income:        
Trust fees 1,098 938 2,918 2,829
Service charges on deposit accounts 513 514 1,498 1,520
Other fees and commissions 727 663 2,172 1,991
Mortgage banking income 612 512 1,603 1,169
Securities gains, net 0 73 590 661
Brokerage fees 219 209 603 636
Income from Small Business Investment Companies 86 0 118 238
Gains (losses) on premises and equipment, net 337 (1) 337 (9)
Other 212 212 584 749
Total noninterest income 3,804 3,120 10,423 9,784
Noninterest Expense:        
Salaries 5,072 4,626 14,604 12,872
Employee benefits 1,112 1,034 3,425 3,203
Occupancy and equipment 1,151 1,004 3,367 3,162
FDIC assessment 138 138 401 519
Bank franchise tax 276 257 795 769
Core deposit intangible amortization 80 213 448 789
Data processing 475 437 1,464 1,340
Software 303 301 853 872
Other real estate owned, net 62 105 173 314
Other 2,041 1,752 6,332 5,601
Total noninterest expense 10,710 9,867 31,862 29,441
Income Before Income Taxes 6,992 5,617 18,855 17,351
Income Taxes 2,205 1,654 5,726 5,172
Net Income $ 4,787 $ 3,963 $ 13,129 $ 12,179
Net Income Per Common Share:        
Basic (in dollars per share) $ 0.55 $ 0.46 $ 1.52 $ 1.41
Diluted (in dollars per share) $ 0.55 $ 0.46 $ 1.52 $ 1.41
Average Common Shares Outstanding:        
Basic (in shares) 8,644,310 8,608,323 8,639,433 8,610,100
Diluted (in shares) 8,663,246 8,618,335 8,657,891 8,618,386