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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income    
Interest and fees on loans $ 20,368 $ 20,206
Interest on interest-bearing deposits and federal funds sold 209 177
Interest and dividends on securities    
U.S. government agencies and corporations 78 101
Mortgage-backed securities 338 334
Tax-exempt obligations of states and political subdivisions 863 981
Taxable obligations of states and political subdivisions 52 46
Corporate bonds and other 113 120
Total interest income 22,021 21,965
Interest expense    
Savings and interest-bearing deposits 287 292
Time deposits 848 809
Borrowings 852 878
Trust preferred capital notes 283 283
Total interest expense 2,270 2,262
Net interest income 19,751 19,703
Provision for loan losses 4,400 4,600
Net interest income after provision for loan losses 15,351 15,103
Noninterest income    
Gains on sales of loans 1,943 1,730
Service charges on deposit accounts 1,069 963
Other service charges and fees 2,046 1,684
Net gains on calls and sales of available for sale securities 1 1
Wealth management services income 378 276
Other 709 509
Total noninterest income 6,146 5,163
Noninterest expenses    
Salaries and employee benefits 10,669 10,171
Occupancy 2,621 2,334
Other 4,555 4,585
Total noninterest expenses 17,845 17,090
Income before income taxes 3,652 3,176
Income tax expense 921 692
Net income $ 2,731 $ 2,484
Net income per share - basic (in dollars per share) $ 0.78 $ 0.72
Net income – assuming dilution (in Dollars per share) $ 0.78 $ 0.72
Weighted average number of shares - basic (in shares) 3,483,007 3,448,630
Weighted average number of shares - assuming dilution (in shares) 3,483,323 3,449,739