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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Loans, including fees $ 11,823 $ 12,187 $ 23,777 $ 23,712
Investment securities 3,894 3,798 7,743 7,445
Interest-bearing deposits in other banks 70 17 107 34
Total interest income 15,787 16,002 31,627 31,191
Interest expense:        
Deposits 1,384 1,451 2,759 2,911
Securities sold under repurchase agreements   2 10 5
Other borrowings 633 626 1,259 1,264
Total interest expense 2,017 2,079 4,028 4,180
Net interest income 13,770 13,923 27,599 27,011
Provision (Credit) for loan losses 40 (2,690) 468 (2,143)
Net interest income after provision for loan losses 13,730 16,613 27,131 29,154
Noninterest income:        
Service charges and fees on deposits 1,805 1,843 3,570 3,587
Gain on sales of loans 2,381 1,758 4,069 3,312
Loss on sale of fixed assets, net   (62)   (61)
Investment securities gains (losses), net 133 (897) 369 (840)
Retail investment income 554 520 1,092 1,046
Trust service fees 383 355 737 691
Earnings from cash surrender value of bank-owned life insurance 331 281 660 559
Miscellaneous income 325 221 630 444
Total noninterest income 5,912 4,019 11,127 8,738
Noninterest expense:        
Salaries and other personnel expense 7,014 6,662 13,786 13,249
Occupancy expenses 1,073 1,030 2,164 2,048
Other real estate losses (gains), net 7 (46) 7 (112)
Prepayment fees   955   955
Merger-related expenses 1,057   1,057  
Other operating expenses 3,784 3,610 7,633 7,136
Total noninterest expense 12,935 12,211 24,647 23,276
Income before income taxes 6,707 8,421 13,611 14,616
Income tax expense 2,207 2,732 4,415 4,720
Net income 4,500 5,689 9,196 9,896
Other comprehensive income (loss):        
Unrealized (loss) gain on derivatives (317) 608 (960) 242
Unrealized gain (loss) on securities available-for-sale 5,831 (7,729) 13,959 (3,466)
Reclassification adjustment for realized (gain) loss on securities, net of OTTI (133) 897 (369) 840
Tax effect (2,093) 2,421 (4,913) 927
Total other comprehensive income (loss) 3,288 (3,803) 7,717 (1,457)
Comprehensive income $ 7,788 $ 1,886 $ 16,913 $ 8,439
Basic net income per share (in dollars per share) $ 0.67 $ 0.85 $ 1.37 $ 1.48
Diluted net income per share (in dollars per share) $ 0.67 $ 0.85 $ 1.37 $ 1.47
Weighted average common shares outstanding (in shares) 6,725,897 6,702,843 6,722,027 6,698,948
Weighted average number of common and common equivalent shares outstanding (in shares) 6,738,344 6,713,661 6,734,789 6,710,415