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Consolidated Statement of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Interest on investment securities    
Interest and fees on loans $ 39,635 $ 38,948
Interest on investment securities: Taxable 5,554 5,611
Interest on investment securities: Exempt from federal income tax 925 869
Total investment income 6,479 6,480
Other 835 435
Total interest income 46,949 45,863
Interest expense    
Interest on deposits 3,291 3,150
Interest on short-term borrowings 73 60
Interest on long-term borrowings 4,007 5,013
Total interest expense 7,371 8,223
Net interest income 39,578 37,640
Provision for loan losses 2,534 3,122
Net interest income after provision for loan losses 37,044 34,518
Other operating income    
Net (losses)/gains - other 29 526
Total net gains 29 526
Service charges 3,145 3,281
Trust department 6,246 5,837
Debit card income 2,337 2,112
Bank owned life insurance 1,187 1,426
Brokerage commissions 872 849
Other 472 622
Total other income 14,259 14,127
Total other operating income 14,288 14,653
Other operating expenses    
Salaries and employee benefits 22,391 20,595
FDIC premiums 634 940
Equipment 2,610 2,437
Occupancy 2,496 2,499
Data processing 3,339 3,065
Professional services 985 1,127
Other real estate owned expenses 190 802
Contract labor 683 718
Line rentals 663 615
Other 5,127 6,309
Total other operating expenses 39,118 39,107
Income before income tax expense 12,214 10,064
Provision for income tax expense 6,945 2,783
Net Income 5,269 7,281
Accumulated preferred stock dividends (1,215) (2,025)
Net Income Available to Common Shareholders $ 4,054 $ 5,256
Basic and diluted net income per common share $ 0.58 $ 0.84
Weighted average number of basic and diluted shares outstanding 6,932 6,264