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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 and Dividend Income:      
Loans, including fees $ 48,271 $ 47,139 $ 45,136
Taxable securities 4,958 5,043 4,391
Tax exempt securities 939 967 1,100
Interest-bearing deposits 76 64 36
Total interest and dividend income 54,244 53,213 50,663
Interest Expense:      
Deposits 2,003 2,043 2,350
Securities sold under agreements to repurchase 848 848 858
Borrowed funds 751 754 824
Total interest expense 3,602 3,645 4,032
Net interest income 50,642 49,568 46,631
Provision for loan losses 1,571 3,981 2,755
Net interest income after provision for loan losses 49,071 45,587 43,876
Other operating income:      
Wealth management group fee income 8,522 7,747 7,344
Service charges on deposit accounts 4,886 5,281 4,706
Interchange revenue from debit card transactions 3,307 3,360 2,562
Net gains on securities transactions 372 6,869 16
Net impairment loss on investment securities 0 0 (29)
Net gain on sales of loans held for sale 294 301 503
Net gains (losses) on sales of other real estate owned 84 (64) 28
Gain from bargain purchase 0 0 470
Income from bank owned life insurance 75 78 84
Other 2,907 3,184 2,393
Total other operating income 20,447 26,756 18,077
Other operating expenses:      
Salaries and wages 21,223 21,315 19,365
Pension and other employee benefits 5,908 5,733 5,939
Net occupancy expenses 7,006 7,098 5,501
Furniture and equipment expenses 2,979 2,972 2,326
Data processing expense 6,586 6,393 4,750
Professional services 1,293 1,597 928
Legal settlements 0 4,250 0
Amortization of intangible assets 1,136 1,310 921
Marketing and advertising expense 899 1,079 1,033
Other real estate owned expenses 812 247 194
FDIC insurance 1,075 1,116 866
Loan expense 693 811 779
Merger and acquisition related expenses 0 115 1,387
Other 5,817 6,441 5,411
Total other operating expenses 55,427 60,477 49,400
Income before income tax expense 14,091 11,866 12,553
Income tax expense 4,658 3,709 3,822
Net income $ 9,433 $ 8,157 $ 8,731
Weighted average shares outstanding (in shares) 4,719 4,683 4,660
Basic and diluted earnings per share (in dollars per share) $ 2.00 $ 1.74 $ 1.87