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Consolidated Statement of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Interest on investment securities    
Interest and fees on loans $ 37,165 $ 37,486
Interest on investment securities: Taxable 6,248 6,981
Interest on investment securities: Exempt from federal income tax 1,264 1,542
Total investment income 7,512 8,523
Other 355 377
Total interest income 45,032 46,386
Interest expense    
Interest on deposits 3,905 4,603
Interest on short-term borrowings 58 63
Interest on long-term borrowings 5,444 6,204
Total interest expense 9,407 10,870
Net interest income 35,625 35,516
Provision for loan losses 1,054 2,513
Net interest income after provision for loan losses 34,571 33,003
Other operating income    
Net (losses)/gains - other 1,016 1,053
Total net gains 1,016 1,053
Service charges 2,995 2,933
Trust department 5,641 5,343
Debit card income 2,300 2,034
Bank owned life insurance 1,146 1,392
Brokerage commissions 887 800
Other income - recovery 11,572 0
Other 451 405
Total other income 24,992 12,907
Total other operating income 26,008 13,960
Other operating expenses    
Salaries and employee benefits 20,912 19,518
FDIC premiums 1,870 1,842
Equipment 2,544 2,508
Occupancy 2,479 2,468
Data processing 3,429 3,198
Professional services 1,674 1,287
Other real estate owned expenses 1,899 2,318
Contract labor 607 669
Line rentals 633 656
Other 5,068 5,631
Total other operating expenses 41,115 40,095
Income before income tax expense 19,464 6,868
Provision for income tax expense 6,473 1,271
Net Income 12,991 5,597
Accumulated preferred stock dividends and discount accretion (2,700) (2,601)
Net Income Available to Common Shareholders $ 10,291 $ 2,996
Basic and diluted net income per common share $ 1.65 $ 0.48
Weighted average number of basic and diluted shares outstanding 6,248,830 6,222,440