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, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST INCOME        
Loans, including Fees $ 18,105 $ 18,231 $ 36,150 $ 36,094
Investment Securities:        
Taxable 1,539 1,313 2,959 2,511
Tax Exempt 212 138 429 234
Funds Sold 318 151 680 340
Total Interest Income 20,174 19,833 40,218 39,179
INTEREST EXPENSE        
Deposits 211 259 432 505
Short-Term Borrowings 38 15 48 36
Subordinated Notes Payable 343 338 730 670
Other Long-Term Borrowings 206 237 422 477
Total Interest Expense 798 849 1,632 1,688
NET INTEREST INCOME 19,376 18,984 38,586 37,491
Provision for Loan Losses (97) 375 355 668
Net Interest Income After Provision For Loan Losses 19,473 18,609 38,231 36,823
NONINTEREST INCOME        
Deposit Fees 5,321 5,682 10,721 11,223
Bank Card Fees 2,855 2,844 5,708 5,586
Wealth Management Fees 1,690 1,776 3,482 3,822
Mortgage Banking Fees 1,267 1,203 2,297 2,190
Data Processing Fees 335 364 682 737
Other 3,747 2,925 5,002 4,084
Total Noninterest Income 15,215 14,794 27,892 27,642
NONINTEREST EXPENSE        
Compensation 16,051 16,404 32,292 32,928
Occupancy, Net 4,584 4,258 9,043 8,654
Other Real Estate Owned, Net 1,060 931 2,485 2,428
Other 7,007 6,846 13,812 13,819
Total Noninterest Expense 28,702 28,439 57,632 57,829
INCOME BEFORE INCOME TAXES 5,986 4,964 8,491 6,636
Income Tax Expense 2,056 1,119 2,914 1,805
NET INCOME $ 3,930 $ 3,845 $ 5,577 $ 4,831
BASIC NET INCOME PER SHARE (in dollars per shares) $ 0.22 $ 0.22 $ 0.32 $ 0.28
DILUTED NET INCOME PER SHARE (in dollars per shares) $ 0.22 $ 0.22 $ 0.32 $ 0.28
Average Basic Common Shares Outstanding (in shares) 17,144 17,296 17,173 17,402
Average Diluted Common Shares Outstanding (in shares) 17,196 17,358 17,215 17,456