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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest income:      
Interest and fees on loans $ 34,051,000 $ 30,504,000 $ 29,493,000
Interest on deposits in other banks 289,000 210,000 176,000
Interest and dividends on investment securities:      
Taxable 5,876,000 4,793,000 5,538,000
Exempt from Federal income taxes 6,460,000 6,315,000 5,832,000
Total interest income 46,676,000 41,822,000 41,039,000
Interest expense:      
Interest on deposits 975,000 948,000 1,060,000
Interest on junior subordinated deferrable interest debentures 121,000 99,000 96,000
Total interest expense 1,096,000 1,047,000 1,156,000
Net interest income before provision for credit losses 45,580,000 40,775,000 39,883,000
(Reversal of) Provision for credit losses (5,850,000) 600,000 7,985,000
Net interest income after provision for credit losses 51,430,000 40,175,000 31,898,000
Non-interest income:      
Service charges 3,022,000 3,070,000 3,280,000
Appreciation in cash surrender value of bank owned life insurance 558,000 596,000 614,000
Interchange fees 1,228,000 1,197,000 1,205,000
Loan placement fees 1,083,000 1,042,000 544,000
Net realized gains on sales and calls of investment securities 1,920,000 1,495,000 904,000
Other-than-temporary impairment loss on investment securities (136,000) 0 0
Federal Home Loan Bank dividends 630,000 580,000 327,000
Other income 1,286,000 1,407,000 1,290,000
Total non-interest income 9,591,000 9,387,000 8,164,000
Non-interest expenses:      
Salaries and employee benefits 21,881,000 20,836,000 19,721,000
Occupancy and equipment 4,754,000 4,669,000 4,835,000
Regulatory assessments 642,000 1,059,000 762,000
Data processing expense 1,707,000 1,139,000 1,820,000
Professional services 1,258,000 1,504,000 1,176,000
ATM/Debit card expenses 633,000 548,000 624,000
License & maintenance contracts 531,000 520,000 488,000
Directors’ expenses 530,000 439,000 501,000
Advertising 576,000 608,000 589,000
Internet banking expenses 678,000 709,000 520,000
Acquisition and integration expenses 1,782,000 0 0
Amortization of core deposit intangibles 149,000 320,000 337,000
Other expense 3,801,000 3,665,000 3,965,000
Total non-interest expenses 38,922,000 36,016,000 35,338,000
Income before provision for income taxes 22,099,000 13,546,000 4,724,000
Provision (benefit) for income taxes 6,917,000 2,582,000 (570,000)
Net income 15,182,000 10,964,000 5,294,000
Net income available to common shareholders $ 15,182,000 $ 10,964,000 $ 5,294,000
Net income per common share:      
Basic earnings per common share (in dollars per share) $ 1.34 $ 1.00 $ 0.48
Diluted earnings per common share (in dollars per share) 1.33 1.00 0.48
Cash dividends per common share (in dollars per share) $ 0.24 $ 0.18 $ 0.20