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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Interest and fees on loans $ 21,210 $ 20,671 $ 61,793 $ 61,168
Interest and dividends on investment securities 5,797 4,458 16,170 13,903
Total interest income 27,007 25,129 77,963 75,071
Interest expense:        
Deposits 1,917 1,627 5,364 4,729
Short-term borrowings 342 244 785 706
Long-term borrowings 617   1,132  
Total interest expense 2,876 1,871 7,281 5,435
Net interest income 24,131 23,258 70,682 69,636
Provision for loan losses 754 2,015 4,783 5,879
Net interest income after provision for loan losses 23,377 21,243 65,899 63,757
Noninterest income:        
Service charges on deposits 2,037 2,277 5,880 6,768
Insurance income 1,265 922 3,930 979
ATM and debit card 1,297 1,263 3,773 3,694
Investment advisory 523 524 1,551 1,647
Company owned life insurance 488 421 1,448 1,249
Investments in limited partnerships 336 187 865 894
Loan servicing 153 120 416 450
Net gain on sale of loans held for sale 53 76 161 231
Net gain on disposal of investment securities 286 515 1,348 1,777
Net gain on disposal of other assets   72 20 61
Amortization of tax credit investment (390)   (390)  
Other 957 884 2,755 2,445
Total noninterest income 7,005 7,261 21,757 20,195
Noninterest expense:        
Salaries and employee benefits 10,278 9,725 31,107 28,044
Occupancy and equipment 3,417 3,131 10,491 9,505
Professional services 1,064 976 2,898 3,332
Computer and data processing 779 725 2,291 2,225
Supplies and postage 540 507 1,611 1,554
FDIC assessments 444 390 1,277 1,200
Advertising and promotions 312 216 789 609
Other 2,484 2,285 7,101 6,507
Total noninterest expense 19,318 17,955 57,565 52,976
Income before income taxes 11,064 10,549 30,091 30,976
Income tax expense 2,748 3,365 8,389 9,541
Net income 8,316 7,184 21,702 21,435
Preferred stock dividends 366 366 1,097 1,097
Net income available to common shareholders $ 7,950 $ 6,818 $ 20,605 $ 20,338
Earnings per common share (Note 3):        
Basic $ 0.56 $ 0.49 $ 1.46 $ 1.47
Diluted 0.56 0.49 1.46 1.46
Cash dividends declared per common share $ 0.20 $ 0.19 $ 0.60 $ 0.57
Weighted average common shares outstanding:        
Basic 14,087 13,953 14,076 13,840
Diluted 14,139 14,007 14,124 13,890