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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest and fees on loans:        
Taxable $ 13,391 $ 13,159 $ 26,731 $ 27,159
Tax-exempt 570 507 1,129 1,142
Interest and dividends on investment securities:        
Taxable 816 942 1,716 1,870
Tax-exempt 835 817 1,640 1,646
Dividends 6 14 15 30
Interest on interest-bearing deposits in other banks 15 9 26 19
Interest on federal funds sold 5 34 9 48
Total interest income 15,638 15,482 31,266 31,914
Interest expense:        
Interest on deposits 1,192 1,414 2,460 2,771
Interest on short-term borrowings 4 24 12 58
Interest on long-term debt 252 289 511 585
Total interest expense 1,448 1,727 2,983 3,414
Net interest income 14,190 13,755 28,283 28,500
Provision for loan losses 750 1,201 1,500 2,058
Net interest income after provision for loan losses 13,440 12,554 26,783 26,442
Noninterest income:        
Service charges, fees and commissions 1,542 1,557 3,154 3,181
Merchant services income 963 888 1,753 1,782
Commission and fees on fiduciary activities 487 548 946 1,115
Wealth management income 198 165 403 352
Mortgage banking income 248 193 470 292
Life insurance investment income 188 267 377 456
Net gain on sale of investment securities available-for-sale   160 832 160
Total noninterest income 3,626 3,778 7,935 7,338
Noninterest expense:        
Salaries and employee benefits expense 5,613 4,961 10,846 10,129
Net occupancy and equipment expense 2,149 2,327 4,617 4,060
Merchant services expense 650 495 1,183 1,060
Amortization of intangible assets 295 333 600 676
Acquisition related expense   1,008   1,616
Other expenses 2,804 3,115 5,359 5,985
Total noninterest expense 11,511 12,239 22,605 23,526
Income before income taxes 5,555 4,093 12,113 10,254
Income tax expense 1,124 762 2,638 2,225
Net income 4,431 3,331 9,475 8,029
Other comprehensive income (loss):        
Unrealized gain (loss) on investment securities available-for-sale (1,459) 1,242 (692) 3,636
Reclassification adjustment for net gain on sales included in net income   (160) (832) (160)
Other comprehensive income (loss) (1,459) 1,082 (1,524) 3,476
Income tax expense (benefit) related to other comprehensive income (loss) (510) 378 (533) 1,216
Other comprehensive income (loss), net of income taxes (949) 704 (991) 2,260
Comprehensive income $ 3,482 $ 4,035 $ 8,484 $ 10,289
Net income:        
Basic $ 0.59 $ 0.44 $ 1.26 $ 1.06
Diluted $ 0.59 $ 0.44 $ 1.26 $ 1.06
Average common shares outstanding:        
Basic 7,546,198 7,548,358 7,547,272 7,549,300
Diluted 7,546,198 7,570,883 7,547,272 7,575,655
Dividends declared $ 0.31 $ 0.31 $ 0.62 $ 0.62