Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Interest Income |
|
|
|
| Interest and fees on loans |
$ 29,265
|
$ 29,012
|
$ 28,451
|
| Interest on investment securities- |
|
|
|
| Tax-exempt |
1,241
|
1,116
|
1,171
|
| Taxable |
8,791
|
9,808
|
8,815
|
| Interest on balances due from banks |
562
|
105
|
102
|
| Total interest income |
39,859
|
40,041
|
38,539
|
| Interest Expense |
|
|
|
| Interest on deposits (Note 7) |
1,928
|
2,359
|
3,109
|
| Interest on borrowed funds |
308
|
707
|
729
|
| Total interest expense |
2,236
|
3,066
|
3,838
|
| Net Interest Income |
37,623
|
36,975
|
34,701
|
| Recovery of Loan Losses (Note 5) |
(2,200)
|
(3,000)
|
(500)
|
| Net Interest Income After Recovery of Loan Losses |
39,823
|
39,975
|
35,201
|
| Other Income |
|
|
|
| Wealth management income |
4,453
|
4,728
|
4,749
|
| Service charges and other fees |
4,221
|
4,173
|
3,979
|
| Debit Card Income |
2,831
|
2,438
|
2,174
|
| Net gain (loss) on sales of securities |
2,151
|
398
|
(654)
|
| Net loss on other real estate owned |
(85)
|
(284)
|
(946)
|
| Origination fees on mortgage loans sold |
540
|
579
|
378
|
| Bank owned life insurance income |
1,425
|
1,353
|
1,416
|
| Other real estate owned rent |
27
|
217
|
436
|
| Other |
1,950
|
1,725
|
1,821
|
| Total other income |
17,513
|
15,327
|
13,353
|
| Other Expenses |
|
|
|
| Salaries and employee benefits (Notes 9 and 15) |
22,443
|
23,095
|
23,238
|
| Occupancy expense (Note 6) |
2,730
|
2,770
|
2,736
|
| Equipment expense |
2,879
|
3,026
|
2,727
|
| Marketing expense |
1,144
|
1,104
|
839
|
| Professional fees |
2,138
|
2,130
|
2,132
|
| EFT/ATM Expense |
1,022
|
563
|
181
|
| Other real estate owned expense |
148
|
372
|
1,047
|
| FDIC insurance premium |
567
|
1,230
|
1,949
|
| Bonding and other insurance expense |
577
|
866
|
1,035
|
| Telephone expense |
413
|
422
|
474
|
| Other |
2,537
|
2,622
|
2,309
|
| Total other expenses |
36,598
|
38,200
|
38,667
|
| Income Before Provision For Income Taxes |
20,738
|
17,102
|
9,887
|
| Provision For Income Taxes (Note 12) |
6,237
|
5,020
|
2,572
|
| Net Income |
14,501
|
12,082
|
7,315
|
| Other Comprehensive Income (Loss), Net of Tax |
|
|
|
| Unrealized gains (losses) on securities |
(3,731)
|
(144)
|
8,233
|
| Reclassification adjustment for (gains) losses included in net income |
(1,420)
|
(263)
|
432
|
| Change in postretirement benefit liability |
(20)
|
688
|
(425)
|
| Total Other Comprehensive Income (Loss), net of tax |
(5,171)
|
281
|
8,240
|
| Comprehensive Income |
$ 9,330
|
$ 12,363
|
$ 15,555
|
| Basic Earnings Per Common Share (Note 14) (in dollars per share) |
$ 0.64
|
$ 0.53
|
$ 0.33
|
| Diluted Earnings Per Common Share (Note 14) (in dollars per share) |
$ 0.63
|
$ 0.53
|
$ 0.33
|