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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and dividend income        
Loans $ 4,162 $ 4,108 $ 8,265 $ 8,058
Taxable securities 177 154 354 306
Non-taxable securities 159 173 318 349
Federal funds sold and other 38 34 75 62
Total interest and dividend income 4,536 4,469 9,012 8,775
Interest expense        
Deposits 514 580 1,042 1,129
FHLB advances and other 81 74 138 145
Subordinated debentures 29 24 57 48
Total interest expense 624 678 1,237 1,322
Net interest income 3,912 3,791 7,775 7,453
Provision (credit) for loan losses (85) 120 (85) 200
Net interest income after provision (credit) for loan losses 3,997 3,671 7,860 7,253
Non-interest income        
Service charges on deposit accounts 339 358 664 675
Other service charges and fees 179 176 343 311
Gain on sale of mortgage loans 91 79 168 110
Non-deposit brokerage fees 75 87 147 179
Lease income 49 70 94 143
BOLI income 44 46 88 91
Gain on sale of available-for-sale securities 55 10 106 10
Total non-interest income 832 826 1,610 1,519
Non-interest expenses        
Salaries and employee benefits 1,676 1,589 3,460 3,237
Net occupancy expense 492 493 975 1,021
Advertising and public relations 98 123 159 175
Professional fees 137 187 317 351
Data processing services 263 238 519 477
Franchise shares and deposit tax 132 145 264 291
FDIC insurance 59 63 118 122
Core deposit intangible amortization 18 17 35 35
Postage and office supplies 45 52 91 92
Other real estate owned expenses 23 29 24 36
Loss on branch disposal     27  
Other 354 310 678 612
Total non-interest expenses 3,297 3,246 6,667 6,449
Income before income taxes 1,532 1,251 2,803 2,323
Income taxes 458 352 824 642
Net income 1,074 899 1,979 1,681
Dividends and accretion on preferred stock 123 130 247 258
Net income available for common stockholders $ 951 $ 769 $ 1,732 $ 1,423
Basic earnings per common share (in dollars per share) $ 0.48 $ 0.39 $ 0.87 $ 0.72
Diluted earnings per common share (in dollars per share) $ 0.42 $ 0.35 $ 0.78 $ 0.64