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Condensed Quarterly Earnings (unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Condensed Quarterly Earnings (unaudited)
Condensed Quarterly Earnings (unaudited)
 
 
2016
 
2015
 
Fourth
Quarter
 
Third
Quarter
 
Second
Quarter
 
First
Quarter
 
Fourth
Quarter
 
Third
Quarter
 
Second
Quarter
 
First
Quarter
 
(Dollars in Thousands, Except Share Data)
Interest income
$
20,321

 
$
18,898

 
$
19,555

 
$
19,343

 
$
18,600

 
$
18,135

 
$
17,520

 
$
18,216

Interest expense
3,568

 
3,603

 
3,814

 
3,804

 
3,688

 
3,525

 
3,332

 
3,286

Net interest income
16,753


15,295


15,741

 
15,539


14,912

 
14,610

 
14,188

 
14,930

Provision for loan and lease losses
994

 
3,537

 
2,762

 
525

 
1,895

 
287

 
520

 
684

Non-interest income
3,931

 
3,640

 
5,823

 
4,594

 
4,935

 
4,102

 
4,126

 
3,848

Non-interest expense
14,523

 
15,753

 
13,458

 
12,699

 
11,684

 
11,984

 
11,974

 
11,732

Income (loss) before income tax expense
5,167


(355
)

5,344

 
6,909


6,268

 
6,441

 
5,820

 
6,362

Income tax expense (benefit)(1)
1,199

 
(3,020
)
 
1,621

 
2,356

 
2,185

 
2,060

 
1,962

 
2,170

Net income(1)
$
3,968


$
2,665


$
3,723

 
$
4,553


$
4,083

 
$
4,381

 
$
3,858

 
$
4,192

Per common share(2):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings(1)
$
0.46

 
$
0.31

 
$
0.43

 
$
0.52

 
$
0.47

 
$
0.50

 
$
0.45

 
$
0.48

Diluted earnings(1)
0.46

 
0.31

 
0.43

 
0.52

 
0.47

 
0.50

 
0.45

 
0.48

Dividends declared
0.12

 
0.12

 
0.12

 
0.12

 
0.11

 
0.11

 
0.11

 
0.11


(1)
Results for the third quarter, second quarter and first quarter 2016 have been adjusted to reflect early adoption of ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” See Note 1 for additional details related to the adjustments.
(2)
All per share amounts have been adjusted to reflect the 2-for-1 stock split in the form of a 100% stock dividend completed in August 2015.