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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Loans, including fees $ 17,373 $ 17,992 $ 51,334 $ 54,314
Securities and other investments:        
Taxable 1,983 1,850 5,959 5,642
Nontaxable 416 536 1,294 1,679
Federal funds sold 3 1 11 5
Time and interest bearing deposits in other banks 83 40 274 112
Other investments 95 113 273 259
Total interest income 19,953 20,532 59,145 62,011
Interest expense:        
Deposits 915 883 2,725 2,751
Securities sold under agreements to repurchase 236 249 702 721
Other borrowings and payables 93 109 297 309
Junior subordinated debentures 170 150 507 451
Total interest expense 1,414 1,391 4,231 4,232
Net interest income 18,539 19,141 54,914 57,779
Provision for loan losses 2,900 3,800 8,000 10,900
Net interest income after provision for loan losses 15,639 15,341 46,914 46,879
Non-interest income:        
Service charges on deposits 2,509 2,491 7,213 7,170
Gain on sale of securities, net 0 0 20 1,243
ATM and debit card income 1,620 1,563 4,897 4,847
Income from death benefit on BOLI 0 0 0 160
Other charges and fees 737 714 2,096 2,326
Total non-interest income 4,866 4,768 14,226 15,746
Non-interest expenses:        
Salaries and employee benefits 8,034 7,653 24,206 23,792
Occupancy expense 3,635 3,815 10,899 11,365
ATM and debit card expense 833 770 2,410 2,126
Data Processing 527 476 1,463 1,400
FDIC insurance 365 391 1,214 1,003
Legal and Professional Fees 516 385 1,335 1,112
Other 3,204 3,002 9,387 8,831
Total non-interest expenses 17,114 16,492 50,914 49,629
Income before income taxes 3,391 3,617 10,226 12,996
Income tax expense 993 1,028 2,986 3,817
Net earnings 2,398 2,589 7,240 9,179
Dividends on preferred stock 811 172 2,049 517
Net earnings available to common shareholders $ 1,587 $ 2,417 $ 5,191 $ 8,662
Earnings per share:        
Basic (in dollars per share) $ 0.14 $ 0.21 $ 0.46 $ 0.76
Diluted (in dollars per share) $ 0.14 $ 0.21 $ 0.46 $ 0.75
Weighted average number of shares outstanding:        
Basic (in shares) 11,262 11,312 11,260 11,321
Diluted (in shares) 11,263 11,831 11,260 11,848
Dividends declared per common share (in dollars per share) $ 0.09 $ 0.09 $ 0.27 $ 0.27