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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST AND DIVIDEND INCOME:    
Loans including fees $ 21,970 $ 18,686
Securities:    
Taxable 2,191 2,355
Tax-exempt 800 883
Dividends 143 142
Total interest and dividend income 25,104 22,066
INTEREST EXPENSE:    
Deposits 2,121 2,016
Borrowed funds 809 914
Subordinated debentures (includes $76 and $89 accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements in 2017 and 2016, respectively) 972 194
Total interest expense 3,902 3,124
NET INTEREST INCOME 21,202 18,942
PROVISION FOR LOAN LOSSES 1,016 1,196
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 20,186 17,746
NON-INTEREST INCOME:    
Service charges on deposit accounts 1,090 981
Other service charges and fees 529 560
Wealth and asset management fees 871 723
Net realized gains on available-for-sale securities (includes $1,383 and $0 accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities in 2017 and 2016, respectively) 1,383 0
Net realized and unrealized gains (losses) on trading securities 188 (34)
Mortgage banking 184 171
Bank owned life insurance 352 263
Card processing and interchange income 878 835
Other 298 278
Total non-interest income 5,773 3,777
NON-INTEREST EXPENSES:    
Salaries and benefits 9,005 7,491
Net occupancy expense 2,540 1,839
Amortization of core deposit intangible 331 215
Data processing 961 1,185
State and local taxes 739 492
Legal, professional, and examination fees 549 374
Advertising 413 484
FDIC insurance premiums 204 322
Core processing conversion costs 0 67
Merger costs 0 42
Card processing and interchange expenses 422 634
Other 1,870 1,669
Total non-interest expenses 17,034 14,814
INCOME BEFORE INCOME TAXES 8,925 6,709
INCOME TAX EXPENSE (includes $457 and ($31) income tax expense from reclassification items in 2017 and 2016, respectively) 2,445 1,690
NET INCOME $ 6,480 $ 5,019
EARNINGS PER SHARE:    
Basic $ 0.43 $ 0.35
Diluted 0.43 0.35
DIVIDENDS PER SHARE:    
Cash dividends per share $ 0.165 $ 0.165