XML 18 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest and dividend income      
Interest and fees on loans (includes tax-exempt income of $670,000 in 2016, $578,000 in 2015, and $592,000 in 2014) $ 39,996 $ 36,620 $ 35,102
Interest on deposits with other banks 22 19 5
Interest and dividends on investments (includes tax-exempt income of $5,168,000 in 2016, $5,157,000 in 2015, and $5,854,000 in 2014) 13,741 14,171 15,915
Total interest and dividend income 53,759 50,810 51,022
Interest expense      
Interest on deposits 6,028 5,285 7,087
Interest on borrowed funds 4,784 4,589 4,338
Total interest expense 10,812 9,874 11,425
Net interest income 42,947 40,936 39,597
Provision for loan losses 1,600 1,550 1,150
Net interest income after provision for loan losses 41,347 39,386 38,447
Non-interest income      
Fiduciary and investment management income 2,411 2,258 2,139
Service charges on deposit accounts 2,237 2,384 2,505
Net securities gains 673 1,399 1,155
Mortgage origination and servicing income 2,192 1,558 979
Other operating income 4,986 4,631 4,270
Total non-interest income 12,499 12,230 11,048
Non-interest expense      
Salaries and employee benefits 15,215 15,080 14,890
Occupancy expense 2,313 2,312 2,215
Furniture and equipment expense 3,305 3,171 2,940
FDIC insurance premiums 789 890 1,004
Amortization of identified intangibles 43 58 326
Other operating expense 7,718 8,385 8,845
Total non-interest expense 29,383 29,896 30,220
Income before income taxes 24,463 21,720 19,275
Applicable tax expense 6,454 5,514 4,566
Net income $ 18,009 $ 16,206 $ 14,709
Basic earnings per common share (in usd per share) $ 1.68 $ 1.52 $ 1.38
Diluted earnings per common share (in usd per share) $ 1.66 $ 1.51 $ 1.37
Other comprehensive income (loss), net of tax      
Net unrealized gain (loss) on securities available for sale $ (2,058) $ (1,399) $ 9,113
Net unrealized loss on securities transferred from available for sale to held to maturity, net of amortization (17) (64) (48)
Net unrealized gain on cash flow hedging derivative instruments 1,163 0 0
Net unrecognized gain (loss) on postretirement benefits 54 (31) (313)
Other comprehensive income (loss) (858) (1,494) 8,752
Comprehensive income $ 17,151 $ 14,712 $ 23,461