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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Loans $ 20,612 $ 19,787 $ 41,027 $ 39,146
Federal funds sold 51 63 119 142
Mortgage loans held for sale 74 43 113 74
Securities - taxable 1,969 1,824 4,003 3,661
Securities - tax-exempt 294 296 585 594
Total interest income 23,000 22,013 45,847 43,617
Interest expense:        
Deposits 938 1,114 1,911 2,254
Federal funds purchased 5 9 12 15
Securities sold under agreements to repurchase 32 29 69 63
Federal Home Loan Bank advances 224 206 440 402
Total interest expense 1,199 1,358 2,432 2,734
Net interest income 21,801 20,655 43,415 40,883
Provision for Loan Losses   1,350   1,700
Net interest income after provision for loan losses 21,801 19,305 43,415 39,183
Non-interest income:        
Investment management and trust services 4,651 4,755 9,203 9,323
Service charges on deposit accounts 2,199 2,223 4,279 4,326
Bankcard transaction revenue 1,246 1,209 2,368 2,284
Mortgage banking revenue 913 722 1,741 1,310
Loss on sales of securities available for sale   (9)   (9)
Brokerage commissions and fees 499 462 960 967
Bank owned life insurance income 226 234 448 470
Other 485 461 893 861
Total non-interest income 10,219 10,057 19,892 19,532
Non-interest expenses:        
Salaries and employee benefits 11,383 10,724 22,483 21,842
Net occupancy expense 1,450 1,453 2,919 3,009
Data processing expense 1,756 1,718 3,210 3,278
Furniture and equipment expense 260 259 507 527
FDIC insurance expense 317 350 614 692
Loss (gain) on other real estate owned 145 (6) 165 (349)
Other 3,556 3,203 6,748 6,246
Total non-interest expenses 18,867 17,701 36,646 35,245
Income before income taxes 13,153 11,661 26,661 23,470
Income tax expense 4,151 3,627 8,404 7,259
Net income $ 9,002 $ 8,034 $ 18,257 $ 16,211
Net income per share:        
Basic (in shares) $ 0.61 $ 0.55 $ 1.24 $ 1.12
Diluted (in shares) $ 0.60 $ 0.55 $ 1.23 $ 1.10
Average common shares:        
Basic (in shares) 14,710 14,545 14,679 14,526
Diluted (in shares) 14,936 14,704 14,902 14,714