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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and fees on loans    
Taxable $ 13,291 $ 12,733
Tax-exempt 145 115
Interest and dividends on securities    
Taxable 1,084 1,282
Tax-exempt 642 612
Interest on interest bearing deposits with other banks 3 1
Total interest income 15,165 14,743
Interest expense    
Interest on deposits 2,170 2,071
Interest on short-term borrowings 240 112
Interest on long-term borrowings and subordinated debentures 976 1,040
Total interest expense 3,386 3,223
Net interest income 11,779 11,520
Provision for loan losses 250 250
Net interest income (loss) after provision for loan losses 11,529 11,270
Other income    
Insurance commissions 924 1,128
Service fees related to deposit accounts 978 976
Realized securities gains 393 480
Bank owned life insurance income 256 261
Other 255 294
Total other income 2,806 3,139
Other expense    
Salaries, commissions, and employee benefits 4,682 4,187
Net occupancy expense 540 499
Equipment expense 656 535
Professional fees 472 335
Amortization of intangibles 50 50
FDIC premiums 300 330
Business Combination, Acquisition Related Costs 112  
Foreclosed properties expense 124 208
(Gain) loss on sale of foreclosed properties (6) 150
Write-down of foreclosed properties 109 572
Other 1,515 1,338
Total other expense 8,554 8,204
Income before income taxes 5,781 6,205
Income tax expense 1,719 1,920
Net Income 4,062 4,285
Net income (loss) applicable to common shares $ 4,062 $ 4,285
Basic earnings per common share $ 0.38 $ 0.49
Diluted earnings per common share $ 0.38 $ 0.41