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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - 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 $ 7,649 $ 6,627 $ 15,031 $ 12,984
Due from banks interest bearing accounts 192 164 461 320
Investment securities        
Taxable 882 694 1,664 1,435
Non-taxable 66 66 136 130
Other earning assets 93 222 177 298
Total interest and dividend income 8,882 7,773 17,469 15,167
Interest expense:        
Deposits 273 293 559 586
Total interest expense 273 293 559 586
Net interest income 8,609 7,480 16,910 14,581
Provision for loan losses 450 0 900 350
Net interest income after provision for loan losses 8,159 7,480 16,010 14,231
Non-interest income:        
Service charges on deposit accounts 506 494 1,026 1,013
Gains on sales of other real estate owned 0 0 4 161
Gains on sales of loans held-for-sale 252 292 362 425
Investment and brokerage services income 137 151 262 295
Mortgage brokerage income 22 18 22 23
Loan servicing income 104 198 220 311
Fiduciary activities income 105 129 218 257
Debit card income 503 528 968 1,004
Gains on calls of available-for-sale securities 0 0 14 0
Other income 226 212 444 425
Total non-interest income 1,855 2,022 3,540 3,914
Non-interest expenses:        
Salaries and employee benefits 4,099 4,107 8,284 7,955
Occupancy and equipment 766 699 1,489 1,406
Data processing 373 436 759 847
Stationery and supplies 91 111 184 200
Advertising 58 92 143 172
Directors' fees 76 75 135 137
Other real estate owned expense 0 22 1 24
Other expense 1,345 1,230 2,632 2,389
Total non-interest expenses 6,808 6,772 13,627 13,130
Income before provision for income taxes 3,206 2,730 5,923 5,015
Provision for income taxes 1,171 960 2,157 1,728
Net income 2,035 1,770 3,766 3,287
Preferred stock dividends 0 (32) 0 (64)
Net income available to common shareholders $ 2,035 $ 1,738 $ 3,766 $ 3,223
Basic earnings per common share (in dollars per share) $ 0.19 $ 0.16 $ 0.36 $ 0.31
Diluted earnings per common share (in dollars per share) $ 0.19 $ 0.16 $ 0.35 $ 0.30