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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income      
Interest and fees on loans $ 14,058 $ 13,930 $ 13,383
Interest on investment securities:      
Taxable 186 205 241
Tax-exempt 261 313 382
Federal funds sold 51 33 39
Total interest income 14,556 14,481 14,045
Interest expense      
Interest on deposits 838 839 1,132
Interest on borrowings 36 43 44
Total interest expense 874 882 1,176
Net interest income 13,682 13,599 12,869
Provision for loan losses 188 309 531
Net interest income after provision for loan loss 13,494 13,290 12,338
Noninterest income      
Service fees and overdraft charges 1,399 1,477 1,453
Gain on sale of bank premises, net 17 0 0
Other income 630 654 710
Total noninterest income 2,046 2,131 2,163
Noninterest expenses      
Salaries and employee benefits 6,085 5,917 5,755
Premises and equipment 1,124 1,227 1,245
Other real estate owned and miscellaneous loan expense 510 439 222
Professional fees 392 445 387
Data processing 197 194 194
Software maintenance 444 415 424
Advertising and promotional 242 242 244
FDIC deposit insurance 246 228 273
Franchise tax 238 341 246
Loss on sale of bank premises, net 0 30 0
Losses on repossessed asset sales, net 33 33 33
Other operating expense 1,152 1,183 1,152
Total noninterest expense 10,663 10,694 10,175
Income before income taxes 4,877 4,727 4,326
Income tax expense 1,452 1,431 1,271
Net income $ 3,425 $ 3,296 $ 3,055
Basic earnings per common share $ 2.86 $ 2.78 $ 2.60
Diluted earnings per common share $ 2.80 $ 2.73 $ 2.57