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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest and dividend income:        
Loans $ 7,771 $ 7,053 $ 22,802 $ 20,038
Due from banks interest bearing accounts 215 145 676 465
Investment securities        
Taxable 913 631 2,577 2,066
Non-taxable 66 68 202 198
Other earning assets 97 97 274 395
Total interest and dividend income 9,062 7,994 26,531 23,162
Interest expense:        
Deposits 289 271 848 857
Total interest expense 289 271 848 857
Net interest income 8,773 7,723 25,683 22,305
Provision for loan losses 450 300 1,350 650
Net interest income after provision for loan losses 8,323 7,423 24,333 21,655
Non-interest income:        
Service charges on deposit accounts 510 502 1,536 1,515
Gains on sales of other real estate owned 0 55 4 216
Gains on sales of loans held-for-sale 234 180 596 605
Investment and brokerage services income 139 154 401 449
Mortgage brokerage income 9 5 31 28
Loan servicing income (expense) (49) 165 171 476
Fiduciary activities income 108 127 326 384
Debit card income 499 524 1,467 1,528
Gains (losses) on sales/calls of available-for-sale securities (21) 29 (7) 29
Other income 228 155 672 580
Total non-interest income 1,657 1,896 5,197 5,810
Non-interest expenses:        
Salaries and employee benefits 4,039 3,975 12,323 11,930
Occupancy and equipment 758 690 2,247 2,096
Data processing 421 410 1,180 1,257
Stationery and supplies 91 76 275 276
Advertising 90 67 233 239
Directors' fees 77 78 212 215
Other real estate owned expense 0 (24) 1 0
Impairment on other interest earning asset 0 (12) 0 (12)
Other expense 1,123 1,263 3,755 3,653
Total non-interest expenses 6,599 6,523 20,226 19,654
Income before provision for income taxes 3,381 2,796 9,304 7,811
Provision for income taxes 1,362 977 3,519 2,705
Net income 2,019 1,819 5,785 5,106
Preferred stock dividends 0 (32) 0 (96)
Net income available to common shareholders $ 2,019 $ 1,787 $ 5,785 $ 5,010
Basic earnings per common share (in dollars per share) $ 0.19 $ 0.17 $ 0.55 $ 0.47
Diluted earnings per common share (in dollars per share) $ 0.19 $ 0.17 $ 0.54 $ 0.47