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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (unaudited) - USD ($)
$ 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 $ 7,712 $ 7,423 $ 15,206 $ 14,802
Securities        
Taxable 1,135 866 2,197 1,773
Tax exempt 568 661 1,176 1,318
Trading Assets 25 31 59 73
Other 144 105 322 218
Total interest income 9,584 9,086 18,960 18,184
INTEREST EXPENSE:        
Deposits 684 555 1,329 1,112
Repurchase agreements 25 27 51 53
Federal Home Loan Bank advances 388 393 785 777
Note payable 49 59 99 120
Subordinated debentures 77 67 157 128
Total interest expense 1,223 1,101 2,421 2,190
Net interest income 8,361 7,985 16,539 15,994
Provision for loan losses 200 225 550 600
Net interest income after provision 8,161 7,760 15,989 15,394
NON-INTEREST INCOME:        
Service charges 1,302 1,264 2,525 2,381
Loan service fee income, net 60 (2) 174 49
Trust department income 287 261 575 524
Gain on sale of available for sale securities, net 43 151 43 277
Gain (loss) on trading assets 34 60 51 100
Gain on sale of loans 491 457 1,041 756
Brokerage income 181 250 374 434
Debit card interchange income 780 710 1,511 1,354
Gain on bank premises 6 0 1,200  
Other 111 135 151 158
Total other income 3,295 3,286 7,645 6,033
NON-INTEREST EXPENSE:        
Salaries and employee benefits 4,508 4,562 8,953 8,932
Occupancy expenses 984 939 1,949 1,857
Repossession expenses, net 106 31 185 143
FDIC insurance 94 164 188 338
Legal and professional fees 194 513 477 891
Data processing 494 427 900 853
Debit card expenses 443 368 818 687
Amortization expense of intangible assets, excluding mortgage servicing right 43 77 86 156
Advertising and marketing 212 225 424 450
Taxes other than payroll, property and income 300 279 600 554
Telephone 137 94 259 185
Postage 85 101 178 190
Loan fees 48 46 111 91
Other 901 782 1,607 1,609
Total other expenses 8,549 8,608 16,735 16,936
Income before taxes 2,907 2,438 6,899 4,491
income taxes 497 356 1,352 572
Net income 2,410 2,082 5,547 3,919
Other Comprehensive Income, net of tax:        
Change in Unrealized Gains on Securities 1,433 1,656 2,169 4,043
Comprehensive income $ 3,843 $ 3,738 $ 7,716 $ 7,962
Earnings per share:        
Basic (in dollars per share) $ 0.81 $ 0.70 $ 1.87 $ 1.31
Diluted (in dollars per share) 0.81 0.70 1.87 1.31
Dividends per share (in dollars per share) $ 0.29 $ 0.27 $ 0.58 $ 0.54