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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and dividend income        
Loans and leases, including fees $ 13,147 $ 12,880 $ 26,240 $ 25,200
Taxable securities 2,052 2,003 4,199 4,251
Tax-exempt securities 730 732 1,460 1,457
Dividend income on securities 0 48 36 93
Federal funds sold and other 5 6 32 18
Total interest income 15,934 15,669 31,967 31,019
Interest expense        
Deposits 508 449 999 893
Short-term borrowings 31 21 56 31
Long-term borrowings 0 3 0 7
Subordinated debentures 200 178 402 352
Total interest expense 739 651 1,457 1,283
Net Interest Income 15,195 15,018 30,510 29,736
Provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 15,195 15,018 30,510 29,736
Non-interest income        
Service charges on deposits 2,478 2,278 4,848 4,269
Net gains on sale of securities available-for-sale 146 307 122 323
Other income 1,950 2,069 3,898 4,069
Total non-interest income 4,574 4,654 8,868 8,661
Other operating expense        
Salaries and employee benefits 6,624 6,125 13,490 13,020
Occupancy and equipment 1,866 1,666 3,617 3,326
Other 5,225 4,960 10,087 9,865
Total other operating expense 13,715 12,751 27,194 26,211
Income before taxes 6,054 6,921 12,184 12,186
Provision for income taxes 1,968 2,364 4,062 3,891
Net income $ 4,086 $ 4,557 $ 8,122 $ 8,295
PER SHARE DATA        
Book value $ 14.93 $ 13.88 $ 14.93 $ 13.88
Cash dividends 0.12 0.1 0.24 0.2
Earnings per share basic 0.31 0.34 0.61 0.61
Earnings per share diluted $ 0.31 $ 0.33 $ 0.61 $ 0.6
Average shares outstanding, basic 13,280,443 13,560,091 13,272,903 13,619,050
Average shares outstanding, diluted 13,393,448 13,686,206 13,388,664 13,745,467
Total shareholder equity (in thousands) $ 198,315 $ 186,106 $ 198,315 $ 186,106
Shares outstanding 13,285,568 13,404,812 13,285,568 13,404,812
Dividends Paid $ 1,593,395 $ 1,361,581 $ 3,184,711 $ 2,730,579