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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest and Dividend Income:        
Interest and fees on loans $ 11,767 $ 9,687 $ 23,537 $ 19,534
Interest on federal funds sold 1 0 5 0
Interest and dividends on securities:        
Taxable 994 968 1,969 1,932
Tax-exempt 940 1,016 1,900 2,051
Dividends 85 74 167 149
Other interest income 50 35 98 68
Total interest and dividend income 13,837 11,780 27,676 23,734
Interest Expense:        
Interest on deposits 1,184 1,161 2,378 2,390
Interest on short-term borrowings 2 2 5 4
Interest on long-term borrowings 81 81 161 161
Interest on trust preferred capital notes 188 185 372 369
Total interest expense 1,455 1,429 2,916 2,924
Net Interest Income 12,382 10,351 24,760 20,810
Provision for Loan Losses 100 150 700 150
Net Interest Income After Provision for Loan Losses 12,282 10,201 24,060 20,660
Noninterest Income:        
Trust fees 1,005 1,017 1,957 2,139
Service charges on deposit accounts 525 431 1,022 844
Other fees and commissions 607 493 1,195 937
Mortgage banking income 389 275 611 538
Gains on sales of securities 237 150 547 189
Other 495 334 1,082 756
Total noninterest income 3,258 2,700 6,414 5,403
Noninterest Expense:        
Salaries 4,308 3,638 8,455 7,176
Employee benefits 1,111 847 2,186 1,822
Occupancy and equipment 1,024 910 2,196 1,846
FDIC assessment 195 165 380 329
Bank franchise tax 220 231 455 453
Core deposit intangible amortization 300 330 601 661
Data processing 483 345 945 693
Software 277 235 560 497
Other real estate owned, net 133 (9) 186 7
Acquisition related expense 1,502 0 1,861 0
Other 2,089 1,673 3,864 3,304
Total noninterest expense 11,642 8,365 21,689 16,788
Income Before Income Taxes 3,898 4,536 8,785 9,275
Income Taxes 1,018 1,303 2,390 2,592
Net Income $ 2,880 $ 3,233 $ 6,395 $ 6,683
Net Income Per Common Share:        
Basic (in dollars per share) $ 0.33 $ 0.41 $ 0.73 $ 0.85
Diluted (in dollars per share) $ 0.33 $ 0.41 $ 0.73 $ 0.85
Weighted Average Common Shares Outstanding:        
Basic (in shares) 8,707,504 7,872,079 8,713,528 7,886,232
Diluted (in shares) 8,715,934 7,879,854 8,722,266 7,896,541