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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income        
Interest and fees on loans $ 20,697 $ 20,636 $ 41,065 $ 40,842
Interest on interest-bearing deposits and federal funds sold 278 143 487 320
Interest and dividends on securities        
U.S. government agencies and corporations 86 85 164 186
Mortgage-backed securities 370 312 708 646
Tax-exempt obligations of states and political subdivisions 817 954 1,680 1,935
Taxable obligations of states and political subdivisions 60 45 112 91
Corporate bonds and other 115 128 228 248
Total interest income 22,423 22,303 44,444 44,268
Interest expense        
Savings and interest-bearing deposits 281 267 568 559
Time deposits 879 802 1,727 1,611
Borrowings 906 861 1,758 1,739
Trust preferred capital notes 279 288 562 571
Total interest expense 2,345 2,218 4,615 4,480
Net interest income 20,078 20,085 39,829 39,788
Provision for loan losses 3,100 3,600 7,500 8,200
Net interest income after provision for loan losses 16,978 16,485 32,329 31,588
Noninterest income        
Gains on sales of loans 2,619 2,552 4,562 4,282
Service charges on deposit accounts 1,109 1,041 2,178 2,004
Other service charges and fees 2,287 2,363 4,333 4,047
Net gains on calls and sales of available for sale securities 7 44 8 45
Wealth management services income 428 315 750 591
Other 839 1,408 1,604 1,917
Total noninterest income 7,289 7,723 13,435 12,886
Noninterest expenses        
Salaries and employee benefits 11,061 10,522 21,730 20,693
Occupancy 2,632 2,365 5,253 4,699
Other 4,587 4,760 9,142 9,345
Total noninterest expenses 18,280 17,647 36,125 34,737
Income before income taxes 5,987 6,561 9,639 9,737
Income tax expense 1,848 1,855 2,769 2,547
Net income $ 4,139 $ 4,706 $ 6,870 $ 7,190
Net income per share - basic (in dollars per share) $ 1.19 $ 1.36 $ 1.97 $ 2.08
Net income – assuming dilution (in Dollars per share) $ 1.19 $ 1.36 $ 1.97 $ 2.08
Weighted average number of shares - basic (in shares) 3,486,997 3,451,746 3,485,002 3,450,188
Weighted average number of shares - assuming dilution (in shares) 3,486,997 3,453,136 3,485,160 3,451,438