Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
INTEREST INCOME        
Loans, including Fees $ 18,214 $ 18,528 $ 54,308 $ 54,778
Investment Securities:        
Taxable Securities 1,330 921 3,814 2,440
Tax Exempt Securities 210 113 471 380
Federal Funds Sold and Interest Bearing Deposits 123 204 463 752
Total Interest Income 19,877 19,766 59,056 58,350
INTEREST EXPENSE        
Deposits 220 255 725 856
Short-Term Borrowings 14 17 50 54
Subordinated Notes Payable 344 333 1,014 995
Other Long-Term Borrowings 233 263 710 823
Total Interest Expense 811 868 2,499 2,728
NET INTEREST INCOME 19,066 18,898 56,557 55,622
Provision for Loan Losses 413 424 1,081 1,282
Net Interest Income After Provision For Loan Losses 18,653 18,474 55,476 54,340
NONINTEREST INCOME        
Deposit Fees 5,721 6,211 16,944 18,293
Bank Card Fees 2,826 2,707 8,412 8,234
Wealth Management Fees 1,818 2,050 5,640 5,820
Mortgage Banking Fees 1,306 911 3,496 2,274
Data Processing Fees 400 336 1,137 1,265
Other 1,157 1,136 5,241 3,597
Total Noninterest Income 13,228 13,351 40,870 39,483
NONINTEREST EXPENSE        
Compensation 16,653 15,378 49,581 46,365
Occupancy, Net 4,446 4,575 13,100 13,378
Other Real Estate Owned, Net 1,302 1,783 3,730 5,458
Other 6,763 6,871 20,582 20,848
Total Noninterest Expense 29,164 28,607 86,993 86,049
INCOME BEFORE INCOME TAXES 2,717 3,218 9,353 7,774
Income Tax Expense 1,034 1,103 2,839 435
NET INCOME $ 1,683 $ 2,115 $ 6,514 $ 7,339
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.1 $ 0.12 $ 0.38 $ 0.42
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.09 $ 0.12 $ 0.37 $ 0.42
Average Basic Common Shares Outstanding (in shares) 17,150 17,440 17,317 17,422
Average Diluted Common Shares Outstanding (in shares) 17,229 17,519 17,379 17,482