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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income        
Loans $ 14,051 $ 12,708 $ 38,597 $ 37,768
Securities held-to-maturity 8,834 8,104 26,373 23,904
Securities available-for-sale 830 752 2,299 2,366
Federal funds sold and interest-bearing deposits in other banks 35 60 328 271
Total interest income 23,750 21,624 67,597 64,309
Interest expense        
Savings and NOW deposits 729 642 2,049 1,911
Money market accounts 760 725 2,276 2,033
Time deposits 1,231 1,089 3,594 3,315
Securities sold under agreements to repurchase 129 90 371 284
Other borrowed funds and subordinated debentures 2,285 2,333 6,570 6,753
Total interest expense 5,134 4,879 14,860 14,296
Net interest income 18,616 16,745 52,737 50,013
Provision for loan losses   600 200 1,650
Net interest income after provision for loan losses 18,616 16,145 52,537 48,363
Other operating income        
Service charges on deposit accounts 1,941 2,022 5,788 6,068
Lockbox fees 782 723 2,458 2,345
Net gains on sales of securities 52   170  
Gains on sales of mortgage loans 225 133 742 221
Other income 830 880 2,387 2,209
Total other operating income 3,830 3,758 11,545 10,843
Operating expenses        
Salaries and employee benefits 10,087 8,681 28,701 26,332
Occupancy 1,499 1,341 4,621 4,105
Equipment 697 552 1,949 1,709
FDIC assessments 554 502 1,602 1,476
Other 3,263 2,900 9,531 8,602
Total operating expenses 16,100 13,976 46,404 42,224
Income before income taxes 6,346 5,927 17,678 16,982
Provision for income taxes 180 221 628 745
Net income 6,166 5,706 17,050 16,237
Class A Common Stock [Member]        
Operating expenses        
Net income $ 4,843 $ 4,480 $ 13,392 $ 12,741
Share data:        
Weighted average number of shares outstanding, basic 3,600,729 3,594,583 3,600,729 3,588,728
Weighted average number of shares outstanding, diluted 5,567,909 5,563,278 5,567,909 5,559,909
Basic earnings per share $ 1.35 $ 1.25 $ 3.72 $ 3.55
Diluted earnings per share $ 1.11 $ 1.03 $ 3.06 $ 2.92
Class B Common Stock [Member]        
Operating expenses        
Net income $ 1,323 $ 1,226 $ 3,658 $ 3,496
Share data:        
Weighted average number of shares outstanding, basic 1,967,180 1,967,180 1,967,180 1,969,647
Weighted average number of shares outstanding, diluted 1,967,180 1,967,180 1,967,180 1,969,647
Basic earnings per share $ 0.67 $ 0.62 $ 1.86 $ 1.78
Diluted earnings per share $ 0.67 $ 0.62 $ 1.86 $ 1.78