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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest and Dividend Income:      
Loans including fees $ 81,209 $ 71,814 $ 69,512
Securities:      
Taxable 9,134 10,977 13,257
Tax-exempt 3,390 3,778 3,713
Dividends 582 609 400
Total interest and dividend income 94,315 87,178 86,882
Interest Expense:      
Deposits 8,470 8,498 8,300
Borrowed funds 2,981 3,222 3,241
Subordinated debentures (includes $340, $378, and $384 accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements in 2016, 2015, and 2014) 1,577 751 746
Total interest expense 13,028 12,471 12,287
Net Interest Income 81,287 74,707 74,595
Provision for loan losses 4,149 2,560 3,840
Net Interest Income After Provision for Loan Losses 77,138 72,147 70,755
Non-Interest Income:      
Service charges on deposit accounts 4,297 4,442 4,560
Other service charges and fees 2,539 3,089 2,809
Wealth and asset management fees 3,087 2,977 2,860
Net realized gains on available-for-sale securities (includes $1,005, $666, and $429 accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities in 2016, 2015, and 2014) 1,005 666 429
Net realized gains (losses) on trading securities 70 (211) 10
Net unrealized gains (losses) on trading securities 433 (2) 111
Mortgage banking 1,095 746 781
Bank owned life insurance 1,082 1,194 1,041
Card processing and interchange income 3,396 3,417 3,323
Other 687 776 565
Total non-interest income 17,691 17,094 16,489
Non-Interest Expenses:      
Salaries 23,472 21,652 19,530
Employee benefits (includes $184, $173, and $149 accumulated other comprehensive income reclassifications for net amortization of actuarial losses) 8,722 7,911 7,461
Net occupancy expense 8,064 7,000 6,911
Amortization of core deposit intangible 1,125 1,008 1,180
Data processing 4,447 4,297 3,996
State and local taxes 2,171 1,868 1,895
Legal, professional and examination fees 1,772 1,553 1,363
Advertising 1,799 1,580 1,455
FDIC insurance 1,229 1,278 1,322
Directors fees and benefits 1,582 812 625
Prepayment penalties-long-term borrowings 1,506 0 0
Core processing conversion costs 1,693 108 0
Merger costs 486 308 0
Card processing and interchange expenses 1,889 2,295 2,168
Other 7,161 7,082 6,950
Total non-interest expenses 67,118 58,752 54,856
Income Before Income Taxes 27,711 30,489 32,388
Income Tax Expense (includes $168, $40, and ($36) income tax expense reclassification items in 2016, 2015, and 2014) 7,171 8,292 9,314
Net Income 20,540 22,197 23,074
Other Comprehensive Income (Loss):      
Net change in unrealized (losses) gains on available-for-sale securities, net of reclassification and tax (2,136) 793 10,372
Change in actuarial (loss) gain, for post-employment health care plan, net of amortization and tax (64) (90) 21
Change in fair value of interest rate swap agreements designated as a cash flow hedge, net of interest and tax 180 137 111
Total other comprehensive (loss) income (2,020) 840 10,504
Comprehensive Income $ 18,520 $ 23,037 $ 33,578
Earnings Per Share:      
Basic $ 1.42 $ 1.54 $ 1.60
Diluted $ 1.42 $ 1.54 $ 1.60