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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest and dividend income        
Interest and fees on loans $ 7,912 $ 7,351 $ 22,988 $ 22,084
Interest and dividends on investment securities        
Taxable 1,532 2,054 5,012 6,065
Tax-exempt 420 63 617 490
Short-term investments 21 9 64 24
Total interest and dividend income 9,885 9,477 28,681 28,663
Interest expense        
Interest on deposits 979 924 2,536 2,840
Interest on short-term borrowings 85 33 226 96
Interest on long-term debt 108 73 293 264
Total interest expense 1,172 1,030 3,055 3,200
Net interest income 8,713 8,447 25,626 25,463
Provision for loan losses (603) (2,900) (603) (2,900)
Net interest income after provision for loan losses 9,316 11,347 26,229 28,363
Noninterest income        
Service charges on deposit accounts 1,381 1,375 3,873 4,056
Other service charges, commissions and fees 586 270 1,024 705
Trust department income 1,074 1,172 3,519 3,599
Brokerage income 551 575 1,536 1,592
Mortgage banking activities 837 613 2,150 1,634
Earnings on life insurance 269 238 731 710
Other income 104 40 338 364
Investment securities gains 29 469 1,911 1,668
Total noninterest income 4,831 4,752 15,082 14,328
Noninterest expenses        
Salaries and employee benefits 6,051 5,902 18,109 17,593
Occupancy expense 529 535 1,715 1,696
Furniture and equipment 759 865 2,265 2,537
Data processing 491 460 1,438 1,209
Automated teller and interchange fees 204 254 625 660
Advertising and bank promotions 471 204 1,040 847
FDIC insurance 201 403 631 1,226
Legal 427 273 1,116 544
Other professional services 308 380 951 1,285
Directors compensation 204 154 531 470
Collection and problem loan 108 215 306 533
Real estate owned expenses 42 201 116 261
Taxes other than income 239 129 691 443
Intangible asset amortization 51 52 156 157
Other operating expenses 1,139 871 3,698 3,178
Total noninterest expenses 11,224 10,898 33,388 32,639
Income before income taxes 2,923 5,201 7,923 10,052
Income tax expense 462 24 1,498 24
Net income $ 2,461 $ 5,177 $ 6,425 $ 10,028
Per share information:        
Basic earnings per share (usd per share) $ 0.30 $ 0.64 $ 0.79 $ 1.24
Diluted earnings per share (usd per share) 0.30 0.64 0.79 1.24
Dividends per share (usd per share) $ 0.07 $ 0 $ 0.14 $ 0