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Consolidated Statement of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Interest on investment securities    
Interest and fees on loans $ 38,948 $ 37,165
Interest on investment securities: Taxable 5,611 6,248
Interest on investment securities: Exempt from federal income tax 869 1,264
Total investment income 6,480 7,512
Other 435 355
Total interest income 45,863 45,032
Interest expense    
Interest on deposits 3,150 3,905
Interest on short-term borrowings 60 58
Interest on long-term borrowings 5,013 5,444
Total interest expense 8,223 9,407
Net interest income 37,640 35,625
Provision for loan losses 3,122 1,054
Net interest income after provision for loan losses 34,518 34,571
Other operating income    
Net (losses)/gains - other 526 1,016
Total net gains 526 1,016
Service charges 3,281 2,995
Trust department 5,837 5,641
Debit card income 2,112 2,300
Bank owned life insurance 1,426 1,146
Brokerage commissions 849 887
Other income - recovery 0 11,572
Other 622 451
Total other income 14,127 24,992
Total other operating income 14,653 26,008
Other operating expenses    
Salaries and employee benefits 20,595 20,912
FDIC premiums 940 1,870
Equipment 2,437 2,544
Occupancy 2,499 2,479
Data processing 3,065 3,429
Professional services 1,127 1,674
Other real estate owned expenses 802 1,899
Contract labor 718 607
Line rentals 615 633
Other 6,309 5,068
Total other operating expenses 39,107 41,115
Income before income tax expense 10,064 19,464
Provision for income tax expense 2,783 6,473
Net Income 7,281 12,991
Accumulated preferred stock dividends (2,025) (2,700)
Net Income Available to Common Shareholders $ 5,256 $ 10,291
Basic and diluted net income per common share $ 0.84 $ 1.65
Weighted average number of basic and diluted shares outstanding 6,264,209 6,248,830