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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income        
Loans, including fees $ 26,887,000 $ 25,587,000 $ 53,666,000 $ 50,898,000
Securities, taxable 2,657,000 1,489,000 4,173,000 3,174,000
Securities, tax-exempt 540,000 523,000 1,077,000 1,060,000
Other interest-earning assets 63,000 64,000 120,000 120,000
Total interest income 30,147,000 27,663,000 59,036,000 55,252,000
Interest expense        
Deposits 1,819,000 1,775,000 3,685,000 3,675,000
Short-term borrowings 47,000 39,000 91,000 76,000
Federal Home Loan Bank advances 575,000 151,000 925,000 303,000
Subordinated debentures and other borrowings 606,000 657,000 1,353,000 1,308,000
Total interest expense 3,047,000 2,622,000 6,054,000 5,362,000
Net interest income 27,100,000 25,041,000 52,982,000 49,890,000
Provision for loan losses 1,100,000 (600,000) 1,700,000 (1,000,000)
Net interest income after provision for loan losses 26,000,000 25,641,000 51,282,000 50,890,000
Noninterest income        
Services charges on deposit and sweep accounts 1,090,000 812,000 2,038,000 1,582,000
Credit and debit card income 1,080,000 1,079,000 2,095,000 2,291,000
Mortgage banking activities 744,000 999,000 1,342,000 1,687,000
Earnings on bank owned life insurance 298,000 262,000 584,000 548,000
Gain on trust preferred securities repurchase 0 0 2,970,000 0
Other income 852,000 869,000 2,121,000 1,607,000
Total noninterest income 4,064,000 4,021,000 11,150,000 7,715,000
Noninterest expense        
Salaries and benefits 10,801,000 11,074,000 21,796,000 21,158,000
Occupancy 1,480,000 1,479,000 3,084,000 3,052,000
Furniture and equipment 522,000 596,000 1,047,000 1,220,000
Data processing costs 1,970,000 1,872,000 3,962,000 3,642,000
FDIC insurance costs 365,000 483,000 757,000 960,000
Other expense 4,055,000 4,846,000 8,415,000 9,559,000
Total noninterest expenses 19,193,000 20,350,000 39,061,000 39,591,000
Income before federal income tax expense 10,871,000 9,312,000 23,371,000 19,014,000
Federal income tax expense 3,437,000 2,754,000 7,388,000 5,810,000
Net income $ 7,434,000 $ 6,558,000 $ 15,983,000 $ 13,204,000
Basic earnings per share (in dollars per share) $ 0.46 $ 0.39 $ 0.98 $ 0.78
Diluted earnings per share (in dollars per share) 0.46 0.39 0.98 0.78
Cash dividends per common share (in dollars per share) $ 0.16 $ 0.14 $ 0.32 $ 0.28
Average basic shares outstanding (in shares) 16,240,966 16,767,393 16,266,311 16,852,002
Average diluted shares outstanding (in shares) 16,268,839 16,803,846 16,293,250 16,887,702