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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest and fees on loans      
Taxable $ 51,554 $ 50,078 $ 50,485
Tax-exempt 514 352 256
Interest and dividends on securities      
Taxable 4,329 4,693 4,127
Tax-exempt 2,479 2,495 2,407
Interest on interest bearing deposits with other banks 7 8 5
Total interest income 58,883 57,626 57,280
Interest expense      
Interest on deposits 8,336 8,995 10,392
Interest on short-term borrowings 525 306 94
Interest on long-term borrowings and subordinated debentures 4,006 5,940 7,991
Total interest expense 12,867 15,241 18,477
Net interest income 46,016 42,385 38,803
Provision for loan losses 1,250 2,250 4,500
Net interest income after provision for loan losses 44,766 40,135 34,303
Other income      
Insurance commissions 4,042 4,400 4,429
Service fees related to deposit accounts 4,285 4,405 4,326
Realized securities gains 1,444 213 240
Bank owned life insurance income 1,040 1,071 994
Other 1,050 1,135 1,338
Total other-than-temporary impairment loss on securities 0 (1) (155)
Portion of loss recognized in other comprehensive income 0 0 37
Net impairment loss recognized in earnings 0 (1) (118)
Total other income 11,861 11,223 11,209
Other expense      
Salaries, commissions, and employee benefits 17,638 16,185 16,178
Net occupancy expense 1,964 2,023 1,853
Equipment expense 2,294 2,086 2,303
Professional fees 1,616 1,429 1,181
Amortization of intangibles 200 250 351
FDIC premiums 1,220 1,792 2,060
Foreclosed properties expense 684 1,020 1,045
(Gain) loss on sale of foreclosed properties (26) 827 518
Write-down of foreclosed properties 2,415 3,771 3,722
Other 5,627 5,941 5,545
Total other expense 33,632 35,324 34,756
Income before income taxes 22,995 16,034 10,756
Income tax expense 6,893 4,678 2,688
Net Income 16,102 11,356 8,068
Dividends on preferred shares 0 771 775
Net income (loss) applicable to common shares $ 16,102 $ 10,585 $ 7,293
Basic earnings per share $ 1.56 $ 1.40 $ 0.98
Diluted earnings per share $ 1.50 $ 1.17 $ 0.84