Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME        
Loans, including Fees $ 18,720 $ 18,105 $ 36,725 $ 36,150
Investment Securities:        
Taxable 1,899 1,539 3,682 2,959
Tax Exempt 270 212 529 429
Funds Sold 533 318 1,026 680
Total Interest Income 21,422 20,174 41,962 40,218
INTEREST EXPENSE        
Deposits 388 211 669 432
Short-Term Borrowings 17 38 62 48
Subordinated Notes Payable 404 343 783 730
Other Long-Term Borrowings 117 206 216 422
Total Interest Expense 926 798 1,730 1,632
NET INTEREST INCOME 20,496 19,376 40,232 38,586
Provision for Loan Losses 589 (97) 899 355
Net Interest Income After Provision For Loan Losses 19,907 19,473 39,333 38,231
NONINTEREST INCOME        
Deposit Fees 5,052 5,321 10,142 10,721
Bank Card Fees 2,870 2,855 5,673 5,708
Wealth Management Fees 2,073 1,690 3,915 3,482
Mortgage Banking Fees 1,556 1,267 2,864 2,297
Other 1,584 4,082 3,259 5,684
Total Noninterest Income 13,135 15,215 25,853 27,892
NONINTEREST EXPENSE        
Compensation 16,292 16,051 32,788 32,292
Occupancy, Net 4,555 4,584 8,936 9,043
Other Real Estate Owned, Net 315 1,060 898 2,485
Other 6,759 7,007 13,221 13,812
Total Noninterest Expense 27,921 28,702 55,843 57,632
INCOME BEFORE INCOME TAXES 5,121 5,986 9,343 8,491
Income Tax Expense 1,560 2,056 3,038 2,914
NET INCOME $ 3,561 $ 3,930 $ 6,305 $ 5,577
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.21 $ 0.22 $ 0.37 $ 0.32
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.21 $ 0.22 $ 0.37 $ 0.32
Average Basic Common Shares Outstanding (in shares) 16,955 17,144 16,937 17,173
Average Diluted Common Shares Outstanding (in shares) 17,016 17,196 16,993 17,215