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Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Loans $ 19,976,000 $ 17,944,000 $ 56,553,000 $ 52,720,000
Mortgage-backed securities 1,460,000 1,642,000 4,602,000 5,136,000
Investment securities and other 534,000 556,000 1,560,000 1,929,000
Total interest income 21,970,000 20,142,000 62,715,000 59,785,000
Interest expense:        
Deposits 1,162,000 1,010,000 3,084,000 3,092,000
Borrowed funds 1,233,000 1,032,000 3,490,000 2,369,000
Total interest expense 2,395,000 2,042,000 6,574,000 5,461,000
Net interest income 19,575,000 18,100,000 56,141,000 54,324,000
Provision for loan losses 300,000 1,000,000 975,000 1,805,000
Net interest income after provision for loan losses 19,275,000 17,100,000 55,166,000 52,519,000
Other income:        
Bankcard services revenue 929,000 914,000 2,611,000 2,603,000
Wealth management revenue 501,000 579,000 1,657,000 1,727,000
Fees and service charges 2,091,000 2,379,000 6,042,000 6,484,000
Loan servicing income 75,000 239,000 186,000 693,000
Net gain on sale of loan servicing     111,000  
Net gain on sales of loans available-for-sale 260,000 226,000 637,000 577,000
Net gain on sale of investment securities available-for-sale 0 591,000 0 938,000
Net loss from other real estate operations (59,000) (24,000) (111,000) (164,000)
Income from Bank Owned Life Insurance 348,000 382,000 1,158,000 1,097,000
Other 7,000   18,000 2,000
Total other income 4,152,000 5,286,000 12,309,000 13,957,000
Operating expenses:        
Compensation and employee benefits 8,269,000 7,746,000 23,508,000 23,562,000
Occupancy 1,508,000 1,327,000 4,204,000 4,154,000
Equipment 951,000 879,000 2,562,000 2,403,000
Marketing 398,000 294,000 1,087,000 1,436,000
Federal deposit insurance 541,000 534,000 1,545,000 1,618,000
Data processing 1,193,000 1,111,000 3,382,000 3,168,000
Check card processing 490,000 518,000 1,388,000 1,458,000
Professional fees 390,000 704,000 1,324,000 1,602,000
Other operating expense 1,369,000 1,318,000 4,005,000 3,967,000
Amortization of core deposit intangible 8,000   8,000  
Merger related expenses 1,030,000   1,264,000  
Total operating expenses 16,147,000 14,431,000 44,277,000 43,368,000
Income before provision for income taxes 7,280,000 7,955,000 23,198,000 23,108,000
Provision for income taxes 2,582,000 2,790,000 8,105,000 8,120,000
Net income $ 4,698,000 $ 5,165,000 $ 15,093,000 $ 14,988,000
Basic earnings per share $ 0.28 $ 0.31 $ 0.91 $ 0.89
Diluted earnings per share $ 0.28 $ 0.31 $ 0.90 $ 0.89
Average basic shares outstanding 16,733 16,623 16,522 16,748
Average diluted shares outstanding 16,953 16,704 16,746 16,865