Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
INTEREST INCOME      
Loans, including Fees $ 72,867 $ 73,169 $ 73,402
Investment Securities:      
Taxable 6,317 5,224 3,394
Tax Exempt 866 633 492
Funds Sold 1,104 632 933
Total Interest Income 81,154 79,658 78,221
INTEREST EXPENSE      
Deposits 879 944 1,099
Short-Term Borrowings 148 59 78
Subordinated Notes Payable 1,434 1,368 1,328
Other Long-Term Borrowings 728 936 1,075
Total Interest Expense 3,189 3,307 3,580
NET INTEREST INCOME 77,965 76,351 74,641
Provision for Loan Losses 819 1,594 1,905
Net Interest Income After Provision for Loan Losses 77,146 74,757 72,736
NONINTEREST INCOME      
Deposit Fees 21,332 22,608 24,320
Bank Card Fees 11,221 11,278 10,892
Wealth Management Fees 7,029 7,533 7,808
Mortgage Banking Fees 5,192 4,539 3,082
Other 8,907 8,133 6,434
Total Noninterest Income 53,681 54,091 52,536
NONINTEREST EXPENSE      
Compensation 64,984 65,414 62,215
Occupancy, Net 18,296 17,738 17,818
Other Real Estate Owned, Net 3,649 4,971 6,811
Other 26,285 27,150 27,514
Total Noninterest Expense 113,214 115,273 114,358
INCOME BEFORE INCOME TAXES 17,613 13,575 10,914
Income Tax Expense 5,867 4,459 1,654
NET INCOME $ 11,746 $ 9,116 $ 9,260
BASIC NET INCOME PER SHARE (in dollars per share) $ 0.69 $ 0.53 $ 0.53
DILUTED NET INCOME PER SHARE (in dollars per share) $ 0.69 $ 0.53 $ 0.53
Average Basic Common Shares Outstanding (in shares) 16,989 17,273 17,425
Average Diluted Common Shares Outstanding (in shares) 17,061 17,318 17,488