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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income    
Loans, including fees $ 26,733,000 $ 26,779,000
Securities, taxable 1,278,000 1,516,000
Securities, tax-exempt 550,000 537,000
Other interest-earning assets 143,000 57,000
Total interest income 28,704,000 28,889,000
Interest expense    
Deposits 1,868,000 1,866,000
Short-term borrowings 51,000 44,000
Federal Home Loan Bank advances 655,000 350,000
Subordinated debentures and other borrowings 621,000 747,000
Total interest expense 3,195,000 3,007,000
Net interest income 25,509,000 25,882,000
Provision for loan losses 600,000 600,000
Net interest income after provision for loan losses 24,909,000 25,282,000
Noninterest income    
Service charges on deposit and sweep accounts 1,018,000 948,000
Credit and debit card income 1,106,000 1,015,000
Mortgage banking income 1,123,000 598,000
Earnings on bank owned life insurance 1,738,000 286,000
Gain on trust preferred securities repurchase 0 2,970,000
Other income 866,000 1,269,000
Total noninterest income 5,851,000 7,086,000
Noninterest expense    
Salaries and benefits 11,272,000 10,995,000
Occupancy 1,554,000 1,604,000
Furniture and equipment depreciation, rent and maintenance 535,000 525,000
Data processing costs 2,011,000 1,992,000
FDIC insurance costs 210,000 392,000
Other expense 4,194,000 4,360,000
Total noninterest expenses 19,776,000 19,868,000
Income before federal income tax expense 10,984,000 12,500,000
Federal income tax expense 3,369,000 3,951,000
Net income $ 7,615,000 $ 8,549,000
Basic earnings per share (in dollars per share) $ 0.46 $ 0.52
Diluted earnings per share (in dollars per share) 0.46 0.52
Cash dividends per common share (in dollars per share) $ 0.18 $ 0.16
Average basic shares outstanding (in shares) 16,434,647 16,291,654
Average diluted shares outstanding (in shares) 16,449,210 16,325,475