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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income    
Interest and fees on loans $ 17,141 $ 15,379
Interest on investment securities    
Securities of U.S. government agencies 1,352 1,035
Obligations of state and political subdivisions 586 540
Corporate debt securities and other 105 205
Interest on Federal funds sold and short-term investments 11 21
Total interest income 19,195 17,180
Interest expense    
Interest on interest-bearing transaction accounts 27 30
Interest on savings accounts 14 12
Interest on money market accounts 111 127
Interest on time accounts 196 231
Interest on FHLB and other borrowings 100 78
Interest on subordinated debentures 109 104
Total interest expense 557 582
Net interest income 18,638 16,598
Provision for loan losses 0 0
Net interest income after provision for loan losses 18,638 16,598
Non-interest income    
Service charges on deposit accounts 456 525
Wealth Management and Trust Services 566 638
Debit card interchange fees 338 347
Merchant interchange fees 113 130
Earnings on bank-owned life insurance 201 203
Dividends on FHLB stock 169 148
Gains on investment securities, net 110 8
Other income 210 190
Total non-interest income 2,163 2,189
Non-interest expense    
Salaries and related benefits 6,748 6,790
Occupancy and equipment 1,281 1,342
Depreciation and amortization 453 421
Federal Deposit Insurance Corporation insurance 261 236
Data processing 856 786
Professional services 498 564
Directors' expense 189 191
Information technology 193 152
Reversal of losses on off-balance sheet commitments 0 (201)
Other expense 1,531 1,567
Total non-interest expense 12,010 11,848
Income before provision for income taxes 8,791 6,939
Provision for income taxes 3,145 2,482
Net income $ 5,646 $ 4,457
Net income per common share:    
Basic (usd per share) $ 0.93 $ 0.75
Diluted (usd per share) $ 0.93 $ 0.74
Weighted average shares used to compute net income per common share:    
Basic (shares) 6,048 5,921
Diluted (shares) 6,090 6,048
Dividends declared per common share (usd per share) $ 0.25 $ 0.22
Comprehensive income:    
Net income $ 5,646 $ 4,457
Other comprehensive income    
Change in net unrealized gain on available-for-sale securities 2,923 1,317
Reclassification adjustment for gains on available-for-sale securities included in net income (110) (8)
Net change in unrealized gain on available-for-sale securities, before tax 2,813 1,309
Deferred tax expense 1,174 554
Other comprehensive income, net of tax 1,639 755
Comprehensive income $ 7,285 $ 5,212