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Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest Income    
Interest and fees on loans $ 11,722 $ 12,090
Interest on investment securities:    
Taxable 1,900 2,509
Nontaxable 591 630
Interest on deposits in other banks 142 95
Interest on federal funds sold, securities purchased under agreements to resell, and money market mutual funds 24 6
Total interest income 14,379 15,330
Interest Expense    
Interest on deposits 533 646
Interest on federal funds purchased and short-term securities sold under agreements to repurchase 22 24
Interest on securities sold under agreements to repurchase and other long-term borrowings 163 1,186
Interest on subordinated notes payable to unconsolidated trusts 198 187
Total interest expense 916 2,043
Net interest income 13,463 13,287
Provision for loan losses 580 (473)
Net interest income after provision for loan losses 12,883 13,760
Noninterest Income    
Service charges and fees on deposits 1,958 1,867
Allotment processing fees 715 874
Other service charges, commissions, and fees 1,400 1,282
Trust income 704 654
Investment securities gains, net (9) 83
Gains on sale of mortgage loans, net 154 200
Income from company-owned life insurance 235 325
Gain on debt extinguishment 0 4,050
Other 94 207
Total noninterest income 5,251 9,542
Noninterest Expense    
Salaries and employee benefits 7,617 7,979
Occupancy expenses, net 1,214 1,190
Equipment expenses 553 532
Data processing and communication expenses 1,293 1,217
Bank franchise tax 557 599
Deposit insurance expense 137 298
Other real estate expenses, net 74 639
Legal expenses 85 167
Other 1,999 1,786
Total noninterest expense 13,529 14,407
Income before income taxes 4,605 8,895
Income tax expense 1,276 2,715
Net income $ 3,329 $ 6,180
Per Common Share    
Net income – basic and diluted (in dollars per share) $ 0.44 $ 0.82
Cash dividends declared – common (in dollars per share) $ 0.10 $ 0.07
Weighted Average Common Shares Outstanding    
Basic and diluted (in shares) 7,510 7,500