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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income:    
Loans $ 24,060 $ 21,993
Federal funds sold and interest bearing deposits 134 189
Mortgage loans held for sale 44 60
Securities – taxable 2,114 2,155
Securities – tax-exempt 281 303
Total interest income 26,633 24,700
Interest expense:    
Deposits 1,163 996
Federal funds purchased and other short-term borrowing 19 15
Securities sold under agreements to repurchase 35 33
Federal Home Loan Bank advances 232 187
Total interest expense 1,449 1,231
Net interest income 25,184 23,469
Provision for loan losses 900 500
Net interest income after provision for loan losses 24,284 22,969
Non-interest income:    
Wealth management and trust services 5,094 4,612
Service charges on deposit accounts 2,407 2,146
Bankcard transactions 1,406 1,310
Mortgage banking 702 794
Securities brokerage 539 443
Bank owned life insurance 204 221
Other 445 556
Total non-interest income 10,797 10,082
Non-interest expenses:    
Salaries and employee benefits 13,412 12,195
Net occupancy 1,630 1,524
Data processing 1,868 1,544
Furniture and equipment 277 285
FDIC insurance 230 328
Amortization of investments in tax credit partnerships 616 1,015
Other 3,115 2,649
Total non-interest expenses 21,148 19,540
Income before income taxes 13,933 13,511
Income tax expense 3,142 3,676
Net income $ 10,791 $ 9,835
Net income per share:    
Basic (in dollars per share) $ 0.48 $ 0.44
Diluted (in dollars per share) $ 0.47 $ 0.44
Average common shares:    
Basic (in shares) 22,492 22,254
Diluted (in shares) 23,002 22,592