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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Loans $ 23,436 $ 20,924 $ 67,992 $ 61,951
Federal funds sold and interest bearing deposits 95 65 395 184
Mortgage loans held for sale 66 67 185 180
Securities – taxable 2,047 1,936 6,325 5,939
Securities – tax-exempt 298 292 907 877
Total interest income 25,942 23,284 75,804 69,131
Interest expense:        
Deposits 941 900 2,916 2,811
Federal funds purchased and other short-term borrowing 19 7 57 19
Securities sold under agreements to repurchase 38 42 100 111
Federal Home Loan Bank advances 184 254 552 694
Total interest expense 1,182 1,203 3,625 3,635
Net interest income 24,760 22,081 72,179 65,496
Provision for loan losses 1,250 2,500
Net interest income after provision for loan losses 23,510 22,081 69,679 65,496
Non-interest income:        
Wealth management and trust services 4,800 4,373 14,219 13,576
Service charges on deposit accounts 2,544 2,342 6,952 6,621
Bankcard transaction 1,455 1,223 4,198 3,591
Mortgage banking 1,072 772 2,896 2,513
Securities brokerage 558 585 1,539 1,545
Bank owned life insurance 216 222 657 670
Other 713 468 1,757 1,361
Total non-interest income 11,358 9,985 32,218 29,877
Non-interest expenses:        
Salaries and employee benefits 12,048 11,333 36,214 33,816
Net occupancy 1,646 1,518 4,716 4,437
Data processing 1,747 1,572 5,172 4,782
Furniture and equipment 277 282 853 789
FDIC insurance 356 318 1,035 932
Amortization of investments in tax credit partnerships 1,015 158 3,046 475
Other 3,429 3,249 9,215 9,845
Total non-interest expenses 20,518 18,430 60,251 55,076
Income before income taxes 14,350 13,636 41,646 40,297
Income tax expense 3,883 4,352 11,235 12,756
Net income $ 10,467 $ 9,284 $ 30,411 $ 27,541
Net income per share:        
Basic (in dollars per share) $ 0.47 $ 0.42 $ 1.36 $ 1.25
Diluted (in dollars per share) $ 0.46 $ 0.41 $ 1.34 $ 1.23
Average common shares:        
Basic (in shares) 22,385 22,131 22,325 22,056
Diluted (in shares) 22,803 22,479 22,711 22,410