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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
INTEREST INCOME:    
Interest and fees on loans $ 9,413 $ 8,915
Dividends on equity securities with a readily determinable fair value 15 15
Dividends on equity securities without a readily determinable fair value 7 6
Interest on debt securities, taxable 931 1,072
Interest on debt securities non-taxable 704 799
Other investments 72 57
TOTAL INTEREST INCOME 11,142 10,864
INTEREST EXPENSE:    
Interest on deposits 871 843
Interest on short-term borrowings 69 30
Interest on long-term debt 14 4
TOTAL INTEREST EXPENSE 954 877
NET INTEREST INCOME 10,188 9,987
PROVISION FOR LOAN LOSSES 79 15
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 10,109 9,972
NON-INTEREST INCOME:    
Trust income 964 852
Service charges and fees on deposit accounts 1,305 1,222
Bank owned life insurance income 186 189
Gains from sales of loans 22 39
Other operating income 159 128
TOTAL NON-INTEREST INCOME 2,636 2,430
NON-INTEREST EXPENSE:    
Salaries and employee benefits 4,977 4,526
Equipment expenses 253 211
Occupancy expense, net 727 568
State franchise tax 303 284
Marketing 132 143
Amortization of intangibles 185 185
FDIC insurance premiums 99 104
Contracted services 315 248
Other real estate owned 2 5
Merger-related expenses 758 0
Other non-interest expense 1,798 1,694
TOTAL NON-INTEREST EXPENSE 9,549 7,968
INCOME BEFORE INCOME TAXES 3,196 4,434
PROVISION FOR INCOME TAXES 483 1,188
NET INCOME $ 2,713 $ 3,246
Dividends declared per common share (usd per share) $ 0.16 $ 0.16
Earnings per common share:    
Basic (usd per share) 0.27 0.32
Diluted (usd per share) $ 0.27 $ 0.32
Weighted average common shares outstanding:    
Basic (in shares) 10,020,611 9,995,054
Diluted (in shares) 10,028,588 10,002,878