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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and dividend income        
Loans and leases, including fees $ 15,837 $ 13,147 $ 30,806 $ 26,240
Taxable securities 2,141 2,052 4,149 4,199
Tax-exempt securities 932 730 1,737 1,460
Dividend income on securities 6 0 11 36
Federal funds sold and other 139 5 255 32
Total interest income 19,055 15,934 36,958 31,967
Interest expense        
Deposits 868 508 1,557 999
Short-term borrowings 10 31 21 56
Subordinated debentures 337 200 657 402
Total interest expense 1,215 739 2,235 1,457
Net interest income 17,840 15,195 34,723 30,510
Provision for loan losses 300 0 300 0
Net interest income after provision for loan losses 17,540 15,195 34,423 30,510
Non-interest income        
Service charges on deposits 2,776 2,478 5,348 4,848
Net gains on sale of securities available-for-sale 58 146 66 122
Other income 2,530 1,950 5,084 3,898
Total non-interest income 5,364 4,574 10,498 8,868
Other operating expense        
Salaries and employee benefits 7,253 6,624 15,138 13,490
Occupancy and equipment 2,235 1,866 4,555 3,617
Other 5,603 5,225 11,099 10,087
Total non-interest expenses 15,091 13,715 30,792 27,194
Income before taxes 7,813 6,054 14,129 12,184
Provision for income taxes 2,611 1,968 4,375 4,062
Net income $ 5,202 $ 4,086 $ 9,754 $ 8,122
PER SHARE DATA        
Book value $ 15.62 $ 14.93 $ 15.62 $ 14.93
Cash dividends 0.14 0.12 0.28 0.24
Earnings per share basic 0.38 0.31 0.71 0.61
Earnings per share diluted $ 0.37 $ 0.31 $ 0.70 $ 0.61
Average shares outstanding, basic 13,831,345 13,280,433 13,816,576 13,272,903
Average shares outstanding, diluted 14,010,328 13,393,448 14,009,485 13,388,664
Total shareholder equity (in thousands) $ 216,123 $ 198,315 $ 216,123 $ 198,315
Shares outstanding 13,832,549 13,285,568 13,832,549 13,285,568
Dividends paid (in thousands) $ 1,936 $ 1,593 $ 3,867 $ 3,185