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Consolidated Statements of 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        
Interest and fees on loans $ 5,133 $ 4,926 $ 10,079 $ 9,793
Interest and dividends on securities available for sale:        
Taxable interest income 294 245 548 496
Interest income exempt from federal income taxes 92 52 153 105
Dividends 27 23 51 48
Interest on deposits in other banks 167 79 297 140
Total interest income 5,713 5,325 11,128 10,582
Interest Expense        
Interest on deposits 392 326 732 635
Interest on Federal Home Loan Bank advances 67 81 147 162
Distribution on junior subordinated debt 50 49 99 99
Total interest expense 509 456 978 896
Net interest income 5,204 4,869 10,150 9,686
Provision for loan losses 235 (1,133) 285 (933)
Net interest income after provision for loan losses 4,969 6,002 9,865 10,619
Other Income        
Trust and estate income 411 353 772 700
Brokerage income 34 40 91 111
Service charges on deposit accounts 499 523 985 1,050
Other service charges, commissions and income 449 421 957 862
Total other income 1,393 1,337 2,805 2,723
Other Expenses        
Salaries and benefits 2,770 2,624 5,589 5,257
Occupancy expense of premises 584 589 1,181 1,192
Furniture and equipment 248 291 646 699
Marketing expense 95 157 236 289
Legal, audit and consulting expense 267 317 546 599
Data processing expense 316 314 643 627
Federal Deposit Insurance Corporation expense 61 129 141 295
Loss on sale, impairment and expense of other real estate owned, net 8 10 8 11
Other operating expenses 801 784 1,575 1,582
Total other expenses 5,150 5,215 10,565 10,551
Income before income taxes 1,212 2,124 2,105 2,791
Income tax expense 222 562 347 623
Net Income $ 990 $ 1,562 $ 1,758 $ 2,168
Earnings per Share, basic (in dollars per share) $ 0.26 $ 0.42 $ 0.47 $ 0.58
Earnings per Share, assuming dilution (in dollars per share) 0.26 0.42 0.47 0.58
Dividends per Share (in dollars per share) $ 0.12 $ 0.12 $ 0.24 $ 0.24