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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and fees on loans:        
Taxable $ 14,760 $ 13,391 $ 29,106 $ 26,731
Tax-exempt 780 570 1,531 1,129
Interest and dividends on investment securities:        
Taxable 617 816 1,304 1,716
Tax-exempt 875 835 1,750 1,640
Dividends 11 6 21 15
Interest on interest-bearing deposits in other banks 15 15 32 26
Interest on federal funds sold   5   9
Total interest income 17,058 15,638 33,744 31,266
Interest expense:        
Interest on deposits 1,322 1,192 2,605 2,460
Interest on short-term borrowings 89 4 166 12
Interest on long-term debt 354 252 714 511
Total interest expense 1,765 1,448 3,485 2,983
Net interest income 15,293 14,190 30,259 28,283
Provision for loan losses 1,200 750 2,400 1,500
Net interest income after provision for loan losses 14,093 13,440 27,859 26,783
Noninterest income:        
Service charges, fees and commissions 1,527 1,542 2,971 3,154
Merchant services income 1,038 963 1,952 1,753
Commission and fees on fiduciary activities 474 487 956 946
Wealth management income 296 198 708 403
Mortgage banking income 195 248 399 470
Life insurance investment income 202 188 395 377
Net gain on sale of investment securities available-for-sale 381   623 832
Total noninterest income 4,113 3,626 8,004 7,935
Noninterest expense:        
Salaries and employee benefits expense 5,904 5,613 11,236 10,846
Net occupancy and equipment expense 2,245 2,149 4,682 4,617
Merchant services expense 748 650 1,380 1,183
Amortization of intangible assets 297 295 602 600
Other expenses 2,919 2,804 5,831 5,359
Total noninterest expense 12,113 11,511 23,731 22,605
Income before income taxes 6,093 5,555 12,132 12,113
Income tax expense 1,238 1,124 2,395 2,638
Net income 4,855 4,431 9,737 9,475
Other comprehensive income (loss):        
Unrealized gain on investment securities available-for-sale 1,128 (1,459) 2,123 (692)
Reclassification adjustment for net gain on sales included in net income (381)   (623) (832)
Other comprehensive income (loss) 747 (1,459) 1,500 (1,524)
Income tax related to other comprehensive income (loss) 261 (510) 525 (533)
Other comprehensive income (loss), net of income taxes 486 (949) 975 (991)
Comprehensive income $ 5,341 $ 3,482 $ 10,712 $ 8,484
Net income:        
Basic $ 0.66 $ 0.59 $ 1.32 $ 1.26
Diluted $ 0.66 $ 0.59 $ 1.32 $ 1.26
Average common shares outstanding:        
Basic 7,395,127 7,546,198 7,399,318 7,547,272
Diluted 7,395,127 7,546,198 7,399,318 7,547,272
Dividends declared $ 0.31 $ 0.31 $ 0.62 $ 0.62