XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Interest and fees on loans $ 23,619 $ 21,210 $ 68,044 $ 61,793
Interest and dividends on investment securities 5,741 5,797 17,196 16,170
Interest and Other Income     1  
Total interest income 29,360 27,007 85,241 77,963
Interest expense:        
Deposits 2,192 1,917 6,237 5,364
Short-term borrowings 500 342 1,183 785
Long-term borrowings 618 617 1,853 1,132
Total interest expense 3,310 2,876 9,273 7,281
Net interest income 26,050 24,131 75,968 70,682
Provision for loan losses 1,961 754 6,281 4,783
Net interest income after provision for loan losses 24,089 23,377 69,687 65,899
Noninterest income:        
Service charges on deposits 1,913 2,037 5,392 5,880
Insurance income 1,407 1,265 4,262 3,930
ATM and debit card 1,441 1,297 4,187 3,773
Investment advisory 1,326 523 3,934 1,551
Company owned life insurance 486 488 2,340 1,448
Investments in limited partnerships 161 336 253 865
Loan servicing 104 153 332 416
Net gain on sale of loans held for sale 46 53 202 161
Net gain on investment securities 426 286 2,426 1,348
Net gain on other assets 199   285 20
Amortization of tax credit investment   (390)   (390)
Other 1,030 957 3,059 2,755
Total noninterest income 8,539 7,005 26,672 21,757
Noninterest expense:        
Salaries and employee benefits 11,325 10,278 33,757 31,107
Occupancy and equipment 3,617 3,417 10,906 10,491
Professional services 956 1,064 5,236 2,898
Computer and data processing 832 779 2,549 2,291
Supplies and postage 490 540 1,548 1,611
FDIC assessments 406 444 1,283 1,277
Advertising and promotions 214 312 938 789
Other 2,778 2,484 7,739 7,101
Total noninterest expense 20,618 19,318 63,956 57,565
Income before income taxes 12,010 11,064 32,403 30,091
Income tax expense 3,541 2,748 9,165 8,389
Net income 8,469 8,316 23,238 21,702
Preferred stock dividends 366 366 1,097 1,097
Net income available to common shareholders $ 8,103 $ 7,950 $ 22,141 $ 20,605
Earnings per common share (Note 3):        
Basic $ 0.56 $ 0.56 $ 1.53 $ 1.46
Diluted 0.56 0.56 1.53 1.46
Cash dividends declared per common share $ 0.20 $ 0.20 $ 0.60 $ 0.60
Weighted average common shares outstanding:        
Basic 14,456 14,087 14,429 14,076
Diluted 14,500 14,139 14,485 14,124