XML 26 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest and dividend income:    
Loans $ 8,806 $ 7,961
Due from banks interest bearing accounts 517 332
Investment securities    
Taxable 1,308 1,102
Non-taxable 39 75
Other earning assets 105 108
Total interest and dividend income 10,775 9,578
Interest expense:    
Deposits 263 265
Total interest expense 263 265
Net interest income 10,512 9,313
Provision for loan losses 525 600
Net interest income after provision for loan losses 9,987 8,713
Non-interest income:    
Service charges on deposit accounts 488 418
Gains on sales of loans held-for-sale 69 147
Investment and brokerage services income 161 143
Mortgage brokerage income 6 13
Loan servicing income 106 150
Fiduciary activities income 156 125
Debit card income 502 467
Losses on sales/calls of available-for-sale securities 0 (16)
Gain on sale-leaseback of real estate 0 1,187
Other income 316 211
Total non-interest income 1,804 2,845
Non-interest expenses:    
Salaries and employee benefits 5,317 4,751
Occupancy and equipment 715 696
Data processing 530 402
Stationery and supplies 99 70
Advertising 88 66
Directors' fees 65 59
Other real estate owned recovery 0 (1)
Other expense 1,180 1,460
Total non-interest expenses 7,994 7,503
Income before provision for income taxes 3,797 4,055
Provision for income taxes 1,064 1,542
Net income $ 2,733 $ 2,513
Basic earnings per common share (in dollars per share) $ 0.24 $ 0.22
Diluted earnings per common share (in dollars per share) $ 0.23 $ 0.22