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CONDENSED 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 and dividend income:        
Loans $ 8,211 $ 7,649 $ 16,172 $ 15,031
Due from banks interest bearing accounts 291 192 623 461
Investment securities        
Taxable 1,191 882 2,293 1,664
Non-taxable 73 66 148 136
Other earning assets 83 93 191 177
Total interest and dividend income 9,849 8,882 19,427 17,469
Interest expense:        
Deposits 255 273 520 559
Total interest expense 255 273 520 559
Net interest income 9,594 8,609 18,907 16,910
Provision for loan losses 0 450 600 900
Net interest income after provision for loan losses 9,594 8,159 18,307 16,010
Non-interest income:        
Service charges on deposit accounts 495 506 913 1,026
Gains on sales of other real estate owned 0 0 0 4
Gains on sales of loans held-for-sale 148 252 295 362
Investment and brokerage services income 145 137 288 262
Mortgage brokerage income 30 22 43 22
Loan servicing income 116 104 266 220
Fiduciary activities income 118 105 243 218
Debit card income 501 503 968 968
(Losses) gains on sales/calls of available-for-sale securities 0 0 (16) 14
Gain on sale-leaseback of real estate 0 0 1,187 0
Other income 202 226 413 444
Total non-interest income 1,755 1,855 4,600 3,540
Non-interest expenses:        
Salaries and employee benefits 4,453 4,099 9,204 8,284
Occupancy and equipment 693 766 1,389 1,489
Data processing 437 373 839 759
Stationery and supplies 108 91 178 184
Advertising 80 58 146 143
Directors' fees 76 76 135 135
Other real estate owned expense 0 0 (1) 1
Other expense 1,373 1,345 2,833 2,632
Total non-interest expenses 7,220 6,808 14,723 13,627
Income before provision for income taxes 4,129 3,206 8,184 5,923
Provision for income taxes 1,581 1,171 3,123 2,157
Net income $ 2,548 $ 2,035 $ 5,061 $ 3,766
Basic earnings per common share (in dollars per share) $ 0.23 $ 0.18 $ 0.46 $ 0.34
Diluted earnings per common share (in dollars per share) $ 0.23 $ 0.18 $ 0.45 $ 0.34