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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME:        
Loans, including fees $ 8,421 $ 7,712 $ 16,433 $ 15,206
Securities        
Taxable 1,549 1,135 3,051 2,197
Tax exempt 436 568 949 1,176
Trading assets   25   59
Other 144 144 337 322
Total interest income 10,550 9,584 20,770 18,960
INTEREST EXPENSE:        
Deposits 904 684 1,751 1,329
Repurchase agreements and federal funds purchased 41 25 64 51
Federal Home Loan Bank advances 441 388 876 785
Note payable 26 49 62 99
Subordinated debentures 105 77 190 157
Total interest expense 1,517 1,223 2,943 2,421
Net interest income 9,033 8,361 17,827 16,539
Provision for loan losses 250 200 250 550
Net interest income after provision 8,783 8,161 17,577 15,989
NON-INTEREST INCOME:        
Gain (loss) on sale of available for sale securities, net (30) 43 (74) 43
Gain (loss) on trading assets   34   51
Gain on sale of loans 445 491 819 1,041
Gain on bank premises   6   1,200
Other 173 111 267 151
Total other income 3,308 3,295 6,359 7,645
NON-INTEREST EXPENSE:        
Salaries and employee benefits 4,717 4,508 9,210 8,953
Occupancy expenses 1,084 984 2,064 1,949
Repossession expenses, net 42 106 57 185
FDIC Insurance 77 94 156 188
Legal and professional fees 196 194 425 477
Data processing 463 494 932 900
Debit card expenses 432 443 866 818
Amortization expense of intangible assets, excluding mortgage servicing right 35 43 71 86
Advertising and marketing 221 212 440 424
Taxes other than payroll, property and income 313 300 625 600
Telephone 119 137 198 259
Postage 87 85 172 178
Loan fees 17 48 57 111
Other 781 901 1,601 1,607
Total other expenses 8,584 8,549 16,874 16,735
Income before income taxes 3,507 2,907 7,062 6,899
Provision for income taxes 439 497 846 1,352
Net income $ 3,068 $ 2,410 $ 6,216 $ 5,547
Earnings per share        
Basic (in dollars per share) $ 1.03 $ 0.81 $ 2.09 $ 1.87
Diluted (in dollars per share) 1.03 0.81 2.09 1.87
Dividends per share (in dollars per share) $ 0.31 $ 0.29 $ 0.62 $ 0.58
Service Charges        
NON-INTEREST INCOME:        
Non-interest income within Topic 606 $ 1,326 $ 1,302 $ 2,614 $ 2,525
Loan Processing Fee        
NON-INTEREST INCOME:        
Non-interest income within Topic 606 96 60 148 174
Fiduciary and Trust        
NON-INTEREST INCOME:        
Non-interest income within Topic 606 320 287 635 575
Brokerage Commissions Revenue        
NON-INTEREST INCOME:        
Non-interest income within Topic 606 141 181 350 374
Debit card        
NON-INTEREST INCOME:        
Non-interest income within Topic 606 $ 837 $ 780 $ 1,600 $ 1,511