XML 18 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
INTEREST AND DIVIDEND INCOME:      
Loans, including related fees $ 84,022 $ 87,530 $ 91,242
Securities:      
Taxable 15,815 17,015 16,157
Tax-exempt 7,194 7,084 7,046
Other 1,645 1,729 1,776
TOTAL INTEREST AND DIVIDEND INCOME 108,676 113,358 116,221
INTEREST EXPENSE:      
Deposits 3,934 4,624 5,886
Short-term borrowings 70 99 78
Other borrowings 165 803 2,997
TOTAL INTEREST EXPENSE 4,169 5,526 8,961
NET INTEREST INCOME 104,507 107,832 107,260
Provision for loan losses 4,700 5,072 7,860
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 99,807 102,760 99,400
NON-INTEREST INCOME:      
Trust and financial services 5,586 5,860 6,035
Service charges and fees on deposit accounts 10,145 10,772 10,162
Other service charges and fees 11,798 11,697 11,081
Securities gain (loss), net 17 (3) 423
Insurance commissions 6,945 7,646 7,750
Gain on sale of mortgage loans 1,998 1,849 3,052
Other 2,690 2,964 1,952
TOTAL NON-INTEREST INCOME 39,179 40,785 40,455
Labor and Related Expense 60,109 55,936 55,097
NON-INTEREST EXPENSES:      
Occupancy expense 6,978 7,218 6,102
Equipment expense 6,991 7,269 6,348
Federal Deposit Insurance 1,769 1,931 2,052
Other 22,551 23,230 24,955
TOTAL NON-INTEREST EXPENSE 98,398 95,584 94,554
INCOME BEFORE INCOME TAXES 40,588 47,961 45,301
Provision for income taxes 10,392 14,189 13,767
NET INCOME 30,196 33,772 31,534
OTHER COMPREHENSIVE INCOME      
Change in unrealized gains/losses on securities, net of reclassifications and taxes (1,225) 13,913 (17,066)
Change in funded status of post-retirement benefits, net of taxes 6,353 $ (14,473) $ 10,569
COMPREHENSIVE INCOME $ 35,324    
EARNINGS PER SHARE:      
BASIC AND DILUTED (in dollars per share) $ 2.35 $ 2.55 $ 2.37
Weighted average number of shares outstanding (in shares) 12,836 13,226 13,310