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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest Income      
Interest and fees on loans $ 47,907 $ 49,921 $ 53,492
Interest on investment securities:      
Taxable 10,468 11,737 10,575
Nontaxable 2,669 2,551 2,512
Interest on deposits in other banks 182 138 150
Interest on federal funds sold and securities purchased under agreements to resell 10 5 4
Total interest income 61,236 64,352 66,733
Interest Expense      
Interest on deposits 2,961 4,253 5,922
Interest on federal funds purchased and other short-term borrowings 50 54 74
Interest on securities sold under agreements to repurchase and other long-term borrowings 4,764 5,002 5,135
Interest on subordinated notes payable to unconsolidated trusts 866 844 864
Total interest expense 8,641 10,153 11,995
Net interest income 52,595 54,199 54,738
Provision for loan losses (3,429) (4,364) (2,600)
Net interest income after provision for loan losses 56,024 58,563 57,338
Noninterest Income      
Service charges and fees on deposits 7,590 7,801 8,196
Allotment processing fees 4,321 5,014 4,922
Other service charges, commissions, and fees 5,545 5,248 4,983
Trust income 2,373 2,568 1,993
Investment securities gains (losses), net 171 (63) (50)
Gains on sale of mortgage loans, net 824 490 1,036
Income from company-owned life insurance 937 1,231 962
Other 450 984 74
Total noninterest income 22,211 23,273 22,116
Noninterest Expense      
Salaries and employee benefits 32,008 29,763 29,681
Occupancy expenses, net 4,776 4,881 4,767
Equipment expenses 2,602 2,498 2,398
Data processing and communications expenses 4,300 4,031 3,946
Bank franchise tax 2,426 2,421 2,354
Amortization of intangibles 449 405 540
Deposit insurance expense 1,536 1,746 2,265
Other real estate expenses, net 1,708 5,318 6,999
Legal expenses 843 856 780
Other 7,302 7,359 7,843
Total noninterest expense 57,950 59,278 61,573
Income before income taxes 20,285 22,558 17,881
Income tax expense 5,293 6,099 4,435
Net income 14,992 16,459 13,446
Less preferred stock dividends and discount accretion 395 1,927 1,951
Net income available to common shareholders $ 14,597 $ 14,532 $ 11,495
Per Common Share      
Net income – basic and diluted (in Dollars per share) $ 1.95 $ 1.94 $ 1.54
Cash dividends declared (in Dollars per share) $ 0 $ 0 $ 0
Weighted Average Common Shares Outstanding      
Basic and diluted (in Shares) 7,494 7,483 7,474