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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income:    
Loans (including fee income) $ 29,383 $ 27,949
Mortgage-backed securities, CMOs and other asset-backed securities 3,817 3,849
U.S. GSE securities 300 356
State and municipal obligations 995 894
Corporate bonds 290 277
Deposits with banks 46 37
Other interest and dividend income 386 245
Total interest income 35,217 33,607
Interest expense:    
Savings, NOW and money market deposits 1,551 1,278
Certificates of deposit of $100,000 or more 379 215
Other time deposits 178 194
Federal funds purchased and repurchase agreements 316 185
Federal Home Loan Bank advances 1,149 827
Subordinated debentures 1,135 1,135
Junior subordinated debentures 48 341
Total interest expense 4,756 4,175
Net interest income 30,461 29,432
Provision for loan losses 800 1,250
Net interest income after provision for loan losses 29,661 28,182
Non-interest income:    
Service charges on deposit accounts 1,179 1,073
Fees for other customer services 871 919
Net securities gains   66
Title fee income 550 477
BOLI income 560 371
Other operating income 962 1,089
Total non-interest income 4,122 3,995
Non-interest expense:    
Salaries and employee benefits 11,304 10,537
Occupancy and equipment 3,398 2,924
Technology and communications 1,335 1,085
Marketing and advertising 911 757
Professional services 781 1,008
FDIC assessments 311 508
Acquisition costs   (270)
Amortization of other intangible assets 279 676
Other operating expenses 1,977 1,682
Total non-interest expense 20,296 18,907
Income before income taxes 13,487 13,270
Income tax expense 4,316 4,644
Net income $ 9,171 $ 8,626
Basic earnings per share (in dollars per share) $ 0.47 $ 0.49
Diluted earnings per share (in dollars per share) $ 0.47 $ 0.49