XML 21 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest and Dividend Income      
Loans, including fees $ 53,035 $ 52,926 $ 56,193
Loans held-for-sale 189 133 156
Securities:      
Taxable 14,037 14,131 11,692
Tax exempt 542 472 587
Dividends from Federal Reserve Bank and Federal Home Loan Bank stock 306 309 304
Interest bearing deposits with financial institutions 55 73 108
Total interest and dividend income 68,164 68,044 69,040
Interest Expense      
Savings, NOW, and money market deposits 734 738 859
Time deposits 3,201 4,500 6,774
Other short-term borrowings 33 19 28
Junior subordinated debentures 4,287 4,919 5,298
Subordinated debt 814 792 811
Notes payable and other borrowings 7 16 16
Total interest expense 9,076 10,984 13,786
Net interest and dividend income 59,088 57,060 55,254
Loan loss reserve release (4,400) (3,300) (8,550)
Net interest and dividend income after provision for loan losses 63,488 60,360 63,804
Noninterest Income      
Trust income 5,953 6,198 6,339
Service charges on deposits 6,820 7,079 7,256
Secondary mortgage fees 907 621 821
Mortgage servicing loss, net of changes in fair value 487 209 1,913
Net gain on sales of mortgage loans 5,775 3,594 5,627
Securities (loss) gain, net (178) 1,719 (1,912)
Increase in cash surrender value of bank-owned life insurance 1,221 1,397 1,603
Death benefit realized on bank-owned life insurance     381
Debit card interchange income 4,028 3,806 3,458
(Loss) gain on disposal and transfer of fixed assets (1,119) (121) 9
Other income 5,400 4,714 5,688
Total noninterest income 29,294 29,216 31,183
Noninterest Expense      
Salaries and employee benefits 35,061 36,167 36,688
Occupancy expense, net 4,749 4,963 5,032
Furniture and equipment expense 4,430 3,972 4,264
FDIC insurance 1,334 2,170 4,027
General bank insurance 1,273 1,561 2,318
Amortization of core deposit   1,177 2,099
Advertising expense 1,340 1,278 1,225
Debit card interchange expense 1,514 1,631 1,433
Legal fees 1,175 1,333 2,066
Other real estate expense, net 5,191 6,917 10,747
Other expense 12,354 12,510 13,245
Total noninterest expense 68,421 73,679 83,144
Income before income taxes 24,361 15,897 11,843
Provision for income taxes 8,976 5,761 (70,242)
Net income 15,385 10,136 82,085
Preferred stock dividends and accretion of discount 1,873 5,062 5,258
Dividends waived upon preferred stock redemption   (5,433)  
Gain on preferred stock redemption   (1,348)  
Net income available to common stockholders $ 13,512 $ 11,855 $ 76,827
Basic earnings per share (in dollars per share) $ 0.46 $ 0.46 $ 5.45
Diluted earnings per share (in dollars per share) $ 0.46 $ 0.46 $ 5.45