XML 18 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest and dividend income      
Interest and fees on loans (includes tax-exempt income of $578,000 in 2015, $592,000 in 2014, and $567,000 in 2013) $ 36,620 $ 35,102 $ 34,897
Interest on deposits with other banks 19 5 8
Interest and dividends on investments (includes tax-exempt income of $5,157,000 in 2015, $5,854,000 in 2014, and $6,065,000 in 2013) 14,171 15,915 15,031
Total interest and dividend income 50,810 51,022 49,936
Interest expense      
Interest on deposits 5,285 7,087 7,997
Interest on borrowed funds 4,589 4,338 4,499
Total interest expense 9,874 11,425 12,496
Net interest income 40,936 39,597 37,440
Provision for loan losses 1,550 1,150 4,200
Net interest income after provision for loan losses 39,386 38,447 33,240
Non-interest income      
Fiduciary and investment management income 2,258 2,139 1,919
Service charges on deposit accounts 2,384 2,505 2,756
Net securities gains 1,399 1,155 1,087
Mortgage origination and servicing income 1,558 979 2,080
Other operating income 4,631 4,270 4,245
Total non-interest income 12,230 11,048 12,087
Non-interest expense      
Salaries and employee benefits 15,080 14,890 14,305
Occupancy expense 2,312 2,215 2,050
Furniture and equipment expense 3,171 2,940 2,656
FDIC insurance premiums 890 1,004 1,143
Amortization of identified intangibles 58 326 326
Other operating expense 8,385 8,845 8,457
Total non-interest expense 29,896 30,220 28,937
Income before income taxes 21,720 19,275 16,390
Applicable tax expense 5,514 4,566 3,425
Net income $ 16,206 $ 14,709 $ 12,965
Basic earnings per common share (in usd per share) $ 1.52 $ 1.38 $ 1.20
Diluted earnings per common share (in usd per share) $ 1.51 $ 1.37 $ 1.20
Other comprehensive income (loss), net of tax      
Net unrealized gain (loss) on securities available for sale $ (1,399) $ 9,113 $ (14,531)
Net unrealized loss on securities transferred from available for sale to held to maturity, net of amortization (64) (48) 0
Net unrecognized gain (loss) on postretirement benefits (31) (313) 311
Other comprehensive income (loss) (1,494) 8,752 (14,220)
Comprehensive income (loss) $ 14,712 $ 23,461 $ (1,255)