XML 45 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Loans and leases: Taxable $ 5,764 $ 5,521 $ 16,914 $ 16,191
Loans and leases: Nontaxable 170 135 471 397
Interest-bearing deposits with financial institutions 5 3 22 14
Investment securities:        
U.S. government agency and corporations 310 281 843 783
States and political subdivisions (nontaxable) 336 323 978 977
Other securities 27 31 126 79
Federal funds sold   1   1
Total interest income 6,612 6,295 19,354 18,442
Interest expense:        
Deposits 574 507 1,639 1,495
Securities sold under repurchase agreements 3 5 15 17
Other short-term borrowings and other 3 2 15 8
Long-term debt   216 255 638
Total interest expense 580 730 1,924 2,158
Net interest income 6,032 5,565 17,430 16,284
Provision for loan losses 200 210 500 810
Net interest income after provision for loan losses 5,832 5,355 16,930 15,474
Other income:        
Service charges on deposit accounts 433 466 1,260 1,320
Interchange fees 337 333 976 970
Fees from trust fiduciary activities 166 156 580 492
Fees from financial services 142 114 379 405
Service charges on loans 264 189 664 613
Fees and other revenue 218 196 629 558
Earnings on bank-owned life insurance 86 86 255 252
Gain (loss) on sale or disposal of:        
Loans 404 209 871 462
Investment securities 8   26 301
Premises and equipment (35) (1) (34) (66)
Total other income 2,023 1,748 5,606 5,307
Other expenses:        
Salaries and employee benefits 2,696 2,460 7,992 7,424
Premises and equipment 939 837 2,755 2,634
Advertising and marketing 276 198 926 804
Professional services 406 405 1,221 1,044
FDIC assessment 104 85 298 263
Loan collection 48 60 144 177
Other real estate owned 43 187 190 276
Office supplies and postage 95 112 308 318
Automated transaction processing 150 168 408 473
FHLB prepayment fee     570  
Data processing and communication 187 100 395 295
Other 295 298 863 748
Total other expenses 5,239 4,910 16,070 14,456
Income before income taxes 2,616 2,193 6,466 6,325
Provision for income taxes 687 562 1,184 1,611
Net income $ 1,929 $ 1,631 $ 5,282 $ 4,714
Per share data:        
Net income - basic $ 0.79 $ 0.68 $ 2.17 $ 1.96
Net income - diluted 0.79 0.67 2.16 1.95
Dividends $ 0.27 $ 0.25 $ 0.79 $ 0.75