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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest and fees on loans      
Taxable $ 56,439 $ 51,554 $ 50,078
Tax-exempt 541 514 352
Interest and dividends on securities      
Taxable 4,395 4,329 4,693
Tax-exempt 2,543 2,479 2,495
Interest on interest bearing deposits with other banks 173 7 8
Total interest income 64,091 58,883 57,626
Interest expense      
Interest on deposits 8,964 8,336 8,995
Interest on short-term borrowings 2,288 525 306
Interest on long-term borrowings and subordinated debentures 3,832 4,006 5,940
Total interest expense 15,084 12,867 15,241
Net interest income 49,007 46,016 42,385
Provision for loan losses 500 1,250 2,250
Net interest income after provision for loan losses 48,507 44,766 40,135
Other income      
Insurance commissions 4,022 4,042 4,400
Service fees related to deposit accounts 4,370 4,285 4,405
Realized securities gains 1,127 1,444 213
Bank owned life insurance income 1,054 1,040 1,071
Other 1,027 1,050 1,134
Total other income 11,600 11,861 11,223
Other expense      
Salaries, commissions, and employee benefits 19,573 17,638 16,185
Net occupancy expense 2,098 1,964 2,023
Equipment expense 2,759 2,294 2,086
Professional fees 1,515 1,616 1,429
Marketing and Advertising Expense 445 497 425
Amortization of intangibles 247 200 250
FDIC premiums 875 1,220 1,792
Business Combination, Acquisition Related Costs 933 0 0
Foreclosed properties expense 414 684 1,020
(Gain) loss on sale of foreclosed properties (916) (26) 827
Write-down of foreclosed properties 668 2,415 3,771
Other 6,191 5,130 5,516
Total other expense 34,802 33,632 35,324
Income before income taxes 25,305 22,995 16,034
Income tax expense 8,008 6,893 4,678
Net Income 17,297 16,102 11,356
Dividends on preferred shares 0 0 771
Net income (loss) applicable to common shares $ 17,297 $ 16,102 $ 10,585
Basic earnings per share $ 1.62 $ 1.56 $ 1.40
Diluted earnings per share $ 1.61 $ 1.50 $ 1.17