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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income    
Interest and fees on loans (includes tax-exempt income of $148,000 for March 31, 2016 and $141,000 for March 31, 2015) $ 9,734 $ 8,855
Interest on deposits with other banks 3 5
Interest and dividends on investments (includes tax-exempt income of $1,237,000 for March 31, 2016 and $1,312,000 for March 31, 2015) 3,539 3,505
Total interest income 13,276 12,365
Interest expense    
Interest on deposits 1,353 1,443
Interest on borrowed funds 1,194 1,220
Total interest expense 2,547 2,663
Net interest income 10,729 9,702
Provision for loan losses 375 500
Net interest income after provision for loan losses 10,354 9,202
Non-interest income    
Investment management and fiduciary income 563 541
Service charges on deposit accounts 574 579
Net securities gains 536 1,395
Mortgage origination and servicing income, net of amortization 129 197
Other operating income 1,162 946
Total non-interest income 2,964 3,658
Non-interest expense    
Salaries and employee benefits 3,598 3,720
Occupancy expense 578 645
Furniture and equipment expense 796 770
FDIC insurance premiums 214 230
Amortization of identified intangibles 11 25
Other operating expense 2,003 1,875
Total non-interest expense 7,200 7,265
Income before income taxes 6,118 5,595
Income tax expense 1,615 1,420
NET INCOME $ 4,503 $ 4,175
Basic earnings per common share (usd per share) $ 0.42 $ 0.39
Diluted earnings per common share (usd per share) $ 0.42 $ 0.39
Other comprehensive income (loss) net of tax    
Net unrealized gain on securities available for sale $ 1,852 $ 57
Net unrealized loss on securities transferred from available for sale to held to maturity, net of amortization (11) (19)
Other comprehensive income 1,841 38
Comprehensive income $ 6,344 $ 4,213