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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income    
Interest and fees on loans $ 20,206 $ 19,018
Interest on money market investments and federal funds sold 177 100
Interest and dividends on securities    
U.S. government agencies and corporations 101 128
Mortgage-backed securities 334 299
Tax-exempt obligations of states and political subdivisions 981 1,079
Taxable obligations of states and political subdivisions 46 42
Corporate bonds and other 120 137
Total interest income 21,965 20,803
Interest expense    
Savings and interest-bearing deposits 292 275
Time deposits 809 681
Borrowings 878 786
Trust preferred capital notes 283 289
Total interest expense 2,262 2,031
Net interest income 19,703 18,772
Provision for loan losses 4,600 3,515
Net interest income after provision for loan losses 15,103 15,257
Noninterest income    
Gains on sales of loans 1,730 1,645
Service charges on deposit accounts 963 1,015
Other service charges and fees 1,684 1,441
Investment services income 276 377
Net gains on calls and sales of available for sale securities 1 1
Other 509 622
Total noninterest income 5,163 5,101
Noninterest expenses    
Salaries and employee benefits 10,171 10,164
Occupancy 2,334 2,160
Other 4,585 4,426
Total noninterest expenses 17,090 16,750
Income before income taxes 3,176 3,608
Income tax expense 752 963
Net income $ 2,424 $ 2,645
Net income per share - basic (in dollars per share) $ 0.70 $ 0.77
Net income – assuming dilution (in Dollars per share) $ 0.70 $ 0.77