XML 19 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest income      
Interest and fees on loans $ 82,951 $ 80,102 $ 79,207
Interest on interest-bearing deposits and federal funds sold 509 364 378
Interest and dividends on securities      
U.S. government agencies and corporations 327 466 690
Mortgage-backed securities 1,235 1,233 1,228
Tax-exempt obligations of states and political subdivisions 3,742 4,162 4,417
Taxable obligations of states and political subdivisions 192 184 184
Corporate bonds and other 483 538 391
Total interest income 89,439 87,049 86,495
Interest expense      
Savings and interest-bearing deposits 1,078 1,090 1,015
Time deposits 3,314 3,104 3,065
Borrowings 3,433 3,338 3,485
Trust preferred capital notes 1,143 1,162 960
Total interest expense 8,968 8,694 8,525
Net interest income 80,471 78,355 77,970
Provision for loan losses 18,040 15,512 16,330
Net interest income after provision for loan losses 62,431 62,843 61,640
Noninterest income      
Gains on sales of loans 8,120 6,336 5,086
Service charges on deposit accounts 4,262 4,322 4,468
Other service charges and fees 8,553 6,787 6,246
Net gains on calls and sales of available for sale securities 52 29 29
Investment services income 1,165 1,481 1,229
Other 3,475 1,759 2,347
Total noninterest income 25,627 20,714 19,405
Noninterest expenses      
Salaries and employee benefits 41,925 38,926 36,310
Occupancy 9,660 8,828 8,806
Other 18,555 18,420 18,441
Total noninterest expenses 70,140 66,174 63,557
Income before income taxes 17,918 17,383 17,488
Income tax expense 4,459 4,853 5,144
Net income $ 13,459 $ 12,530 $ 12,344
Net income per share - basic (in dollars per share) $ 3.90 $ 3.68 $ 3.63
Net income – assuming dilution (in Dollars per share) $ 3.89 $ 3.68 $ 3.59
Weighted average number of shares - basic (in shares) 3,454,282 3,401,426 3,404,112
Weighted average number of shares - assuming dilution (in shares) 3,455,883 3,401,834 3,436,278