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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income        
Interest and fees on loans $ 21,145 $ 21,067 $ 61,987 $ 59,688
Interest on money market investments and federal funds sold 89 84 409 270
Interest and dividends on securities        
U.S. government agencies and corporations 71 117 257 363
Mortgage-backed securities 292 312 938 911
Tax-exempt obligations of states and political subdivisions 916 1,030 2,851 3,156
Taxable obligations of states and political subdivisions 50 46 141 138
Corporate bonds and other 115 122 363 405
Total interest income 22,678 22,778 66,946 64,931
Interest expense        
Savings and interest-bearing deposits 254 270 813 819
Time deposits 832 816 2,443 2,287
Borrowings 859 879 2,598 2,482
Trust preferred capital notes 287 294 858 878
Total interest expense 2,232 2,259 6,712 6,466
Net interest income 20,446 20,519 60,234 58,465
Provision for loan losses 4,925 4,142 13,125 9,812
Net interest income after provision for loan losses 15,521 16,377 47,109 48,653
Noninterest income        
Gains on sales of loans 2,299 1,156 6,581 4,803
Service charges on deposit accounts 1,102 1,119 3,106 3,210
Other service charges and fees 2,179 1,883 6,226 5,083
Investment services income 287 372 878 1,077
Net gains on calls and sales of available for sale securities 3 22 48 25
Other 857 253 2,774 1,223
Total noninterest income 6,727 4,805 19,613 15,421
Noninterest expenses        
Salaries and employee benefits 10,799 9,107 31,492 29,209
Occupancy 2,432 2,226 7,131 6,606
Other 4,702 4,928 14,047 13,850
Total noninterest expenses 17,933 16,261 52,670 49,665
Income before income taxes 4,315 4,921 14,052 14,409
Income tax expense 1,171 1,444 3,741 4,186
Net income (loss) $ 3,144 $ 3,477 $ 10,311 $ 10,223
Net income per share - basic (in dollars per share) $ 0.91 $ 1.02 $ 2.99 $ 3.01
Net income – assuming dilution (in Dollars per share) $ 0.91 $ 1.02 $ 2.99 $ 3.01
Weighted average number of shares - basic (in shares) 3,456,901 3,392,480 3,452,426 3,400,296
Weighted average number of shares - assuming dilution (in shares) 3,458,799 3,392,480 3,453,891 3,400,437