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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:        
Interest and fees on loans $ 13,752 $ 11,642 $ 26,456 $ 23,757
Interest and dividends on securities:        
Taxable 1,133 1,150 2,287 2,234
Tax-exempt 509 817 1,144 1,640
Dividends 84 93 163 184
Other interest income 125 67 234 125
Total interest and dividend income 15,603 13,769 30,284 27,940
Interest Expense:        
Interest on deposits 1,352 1,314 2,552 2,611
Interest on short-term borrowings 14 1 42 2
Interest on long-term borrowings 81 81 161 162
Interest on junior subordinated debt 244 213 483 421
Total interest expense 1,691 1,609 3,238 3,196
Net Interest Income 13,912 12,160 27,046 24,744
Provision for Loan Losses 350 50 650 100
Net Interest Income After Provision for Loan Losses 13,562 12,110 26,396 24,644
Noninterest Income:        
Trust fees 908 961 1,820 1,891
Service charges on deposit accounts 501 514 985 1,006
Other fees and commissions 733 656 1,445 1,328
Mortgage banking income 462 365 991 657
Securities gains, net 331 222 590 588
Brokerage fees 192 223 384 427
Income from Small Business Investment Companies 6 72 32 238
Other 215 354 372 529
Total noninterest income 3,348 3,367 6,619 6,664
Noninterest Expense:        
Salaries 4,733 4,031 9,532 8,246
Employee benefits 1,130 1,055 2,313 2,169
Occupancy and equipment 1,148 1,059 2,216 2,158
FDIC assessment 134 193 263 381
Bank franchise tax 263 256 519 512
Core deposit intangible amortization 203 288 368 576
Data processing 502 459 989 903
Software 271 274 550 571
Other real estate owned, net 68 76 111 209
Other 2,259 1,965 4,291 3,849
Total noninterest expense 10,711 9,656 21,152 19,574
Income Before Income Taxes 6,199 5,821 11,863 11,734
Income Taxes 1,920 1,733 3,521 3,518
Net Income $ 4,279 $ 4,088 $ 8,342 $ 8,216
Net Income Per Common Share:        
Basic (in dollars per share) $ 0.50 $ 0.47 $ 0.97 $ 0.95
Diluted (in dollars per share) $ 0.49 $ 0.47 $ 0.96 $ 0.95
Average Common Shares Outstanding:        
Basic (in shares) 8,640,648 8,610,156 8,636,954 8,610,998
Diluted (in shares) 8,659,165 8,619,833 8,655,173 8,616,873