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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Loans, including fees $ 11,867 $ 11,584 $ 35,644 $ 35,296
Investment securities 3,819 3,945 11,562 11,390
Interest-bearing deposits in other banks 53 20 160 54
Total interest income 15,739 15,549 47,366 46,740
Interest expense:        
Deposits 1,337 1,443 4,096 4,354
Securities sold under repurchase agreements 1 6 11 11
Other borrowings 641 562 1,900 1,826
Total interest expense 1,979 2,011 6,007 6,191
Net interest income 13,760 13,538 41,359 40,549
Provision (Credit) for loan losses 93 132 561 (2,011)
Net interest income after provision (credit) for loan losses 13,667 13,406 40,798 42,560
Noninterest income:        
Service charges and fees on deposits 1,833 1,831 5,403 5,418
Gain on sales of loans 2,087 2,007 6,156 5,319
(Loss) gain on sale of fixed assets, net (5) 58 (5) (3)
Investment securities gains (losses), net 44 (165) 413 (1,005)
Retail investment income 680 589 1,772 1,635
Trust service fees 350 357 1,087 1,048
Earnings from cash surrender value of bank-owned life insurance 359 365 1,019 924
Miscellaneous income 236 265 866 709
Total noninterest income 5,584 5,307 16,711 14,045
Noninterest expense:        
Salaries and other personnel expense 6,717 6,719 20,503 19,968
Occupancy expenses 1,101 1,040 3,265 3,088
Other real estate losses (gains), net 101 10 108 (102)
Prepayment fees       955
Merger-related expenses 541   1,598  
Other operating expenses 3,694 3,802 11,327 10,938
Total noninterest expense 12,154 11,571 36,801 34,847
Income before income taxes 7,097 7,142 20,708 21,758
Income tax expense 2,326 2,277 6,741 6,997
Net income 4,771 4,865 13,967 14,761
Other comprehensive income (loss):        
Unrealized gain (loss) on derivatives 82 (502) (878) (260)
Unrealized (loss) gain on securities available-for-sale (3,499) 5,472 10,460 2,006
Reclassification adjustment for realized (gain) loss on securities (44) 165 (413) 1,005
Tax effect 1,346 (1,997) (3,567) (1,070)
Total other comprehensive income (loss) (2,115) 3,138 5,602 1,681
Comprehensive income $ 2,656 $ 8,003 $ 19,569 $ 16,442
Basic net income per share (in dollars per share) $ 0.70 $ 0.73 $ 2.07 $ 2.20
Diluted net income per share (in dollars per share) $ 0.70 $ 0.72 $ 2.07 $ 2.20
Weighted average common shares outstanding (in shares) 6,771,388 6,703,371 6,738,601 6,700,439
Weighted average number of common and common equivalent shares outstanding (in shares) 6,797,172 6,719,396 6,756,784 6,713,344