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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest and fees on loans:      
Taxable $ 54,004 $ 54,316 $ 31,102
Tax-exempt 2,351 2,265 1,674
Interest and dividends on investment securities:      
Taxable 3,207 3,946 1,793
Tax-exempt 3,385 3,271 2,625
Dividends 35 50 88
Interest on interest-bearing deposits in other banks 49 38 86
Interest on federal funds sold 10 70 2
Total interest income 63,041 63,956 37,370
Interest expense:      
Interest on deposits 4,953 5,431 2,876
Interest on short-term borrowings 53 71 34
Interest on long-term debt 1,031 1,140 1,259
Total interest expense 6,037 6,642 4,169
Net interest income 57,004 57,314 33,201
Provision for loan losses 3,700 3,524 2,361
Net interest income after provision for loan losses 53,304 53,790 30,840
Noninterest income:      
Service charges, fees and commissions 6,245 6,484 4,092
Merchant services income 3,855 3,549 3,936
Commission and fees on fiduciary activities 1,946 2,179 1,735
Wealth management income 845 752 505
Mortgage banking income 872 648 363
Life insurance investment income 767 778 968
Net gain on sale of investment securities available-for-sale 1,189 861 163
Total noninterest income 15,719 15,251 11,762
Noninterest expense:      
Salaries and employee benefits expense 21,533 20,652 15,983
Net occupancy and equipment expense 9,104 8,102 3,988
Merchant services expense 2,643 2,236 2,490
Amortization of intangible assets 1,195 1,334 326
Acquisition related expense 0 1,725 4,609
Other expenses 12,304 11,884 9,000
Total noninterest expense 46,779 45,933 36,396
Income before income taxes 22,244 23,108 6,206
Income tax expense 4,521 5,459 485
Net income 17,723 17,649 5,721
Other comprehensive income (loss):      
Unrealized gain (loss) on investment securities available-for-sale (510) 4,343 (3,882)
Reclassification adjustment for net gain on sales included in net income (1,189) (861) (163)
Change in benefit plan liabilities (296) (3,684) 3,642
Other comprehensive loss (1,995) (202) (403)
Income tax expense (benefit) related to other comprehensive loss (699) (71) 5
Other comprehensive loss, net of income taxes (1,296) (131) (408)
Comprehensive income $ 16,427 $ 17,518 $ 5,313
Net income:      
Basic $ 2.36 $ 2.34 $ 1.21
Diluted $ 2.36 $ 2.34 $ 1.21
Average common shares outstanding:      
Basic 7,516,451 7,548,825 4,733,059
Diluted 7,516,451 7,561,982 4,733,059
Dividends declared $ 1.24 $ 1.24 $ 1.23