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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST INCOME:    
Loans, including fees $ 7,494 $ 7,379
Securities    
Taxable 1,062 907
Tax exempt 608 657
Trading Assets 34 42
Other 178 113
Total interest income 9,376 9,098
INTEREST EXPENSE:    
Deposits 645 557
Repurchase agreements 26 26
Federal Home Loan Bank advances 397 384
Note payable 50 61
Subordinated debentures 80 61
Total interest expense 1,198 1,089
Net interest income 8,178 8,009
Provision for loan losses 350 375
Net interest income after provision 7,828 7,634
NON-INTEREST INCOME:    
Service charges 1,223 1,117
Loan service fee income, net 114 51
Trust department income 288 263
Gain on sale of available for sale securities, net   126
Gain (loss) on trading assets 17 40
Gain on sale of loans 550 299
Brokerage income 193 184
Debit card interchange income 731 644
Gain on bank premises 1,194  
Other 40 23
Total other income 4,350 2,747
NON-INTEREST EXPENSE:    
Salaries and employee benefits 4,445 4,370
Occupancy expenses 965 918
Repossession expenses, net 79 112
FDIC insurance 94 174
Legal and professional fees 283 378
Data processing 406 426
Debit card expenses 375 319
Amortization expense of intangible assets, excluding mortgage servicing right 43 79
Advertising and marketing 212 225
Taxes other than payroll, property and income 300 275
Telephone 122 91
Postage 93 89
Loan fees 63 45
Other 706 827
Total other expenses 8,186 8,328
Income before taxes 3,992 2,053
income taxes 855 216
Net income 3,137 1,837
Other Comprehensive Income, net of tax:    
Change in Unrealized Gains on Securities 736 2,387
Comprehensive income $ 3,873 $ 4,224
Earnings per share:    
Basic (in dollars per share) $ 1.06 $ 0.61
Diluted (in dollars per share) 1.06 0.61
Dividends per share (in dollars per share) $ 0.29 $ 0.27