XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest and fees on loans        
Taxable $ 14,009 $ 12,855 $ 40,788 $ 38,443
Tax-exempt 133 128 412 361
Interest and dividends on securities        
Taxable 1,138 933 3,284 3,302
Tax-exempt 621 610 1,857 1,821
Interest on interest bearing deposits with other banks 5 5 13 6
Total interest income 15,906 14,531 46,354 43,933
Interest expense        
Interest on deposits 2,209 2,106 6,533 6,251
Interest on short-term borrowings 675 130 1,334 369
Interest on long-term borrowings and subordinated debentures 985 990 2,937 3,030
Total interest expense 3,869 3,226 10,804 9,650
Net interest income 12,037 11,305 35,550 34,283
Provision for loan losses 0 250 500 1,000
Net interest income (loss) after provision for loan losses 12,037 11,055 35,050 33,283
Other income        
Insurance commissions 1,016 983 3,030 3,191
Service fees related to deposit accounts 1,138 1,111 3,175 3,159
Realized securities gains 61 373 836 1,023
Bank owned life insurance income 258 259 772 782
Other 276 267 788 837
Total other income 2,749 2,993 8,601 8,992
Other expense        
Salaries, commissions, and employee benefits 4,819 4,479 14,265 13,108
Net occupancy expense 525 496 1,576 1,483
Equipment expense 716 582 2,059 1,677
Professional fees 270 402 1,171 1,109
Amortization of intangibles 50 50 150 150
FDIC premiums 200 300 800 950
Business Combination, Acquisition Related Costs 80 0 345 0
Foreclosed properties expense 100 168 317 534
(Gain) loss on sales of foreclosed properties (169) 35 (451) 288
Write-downs of foreclosed properties 134 1,046 503 1,779
Other 1,694 1,314 4,675 4,060
Total other expense 8,419 8,872 25,410 25,138
Income before income taxes 6,367 5,176 18,241 17,137
Income tax expense 2,086 1,515 5,655 5,181
Net Income 4,281 3,661 12,586 11,956
Net income (loss) applicable to common shares $ 4,281 $ 3,661 $ 12,586 $ 11,956
Basic earnings per common share $ 0.40 $ 0.34 $ 1.18 $ 1.19
Diluted earnings per common share $ 0.40 $ 0.34 $ 1.18 $ 1.12