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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 INCOME:        
Loans, including fees $ 8,518 $ 9,238 $ 16,825 $ 17,527
Securities:        
Taxable 815 790 1,632 1,607
Tax-exempt 520 530 1,040 1,086
Federal funds sold and short-term investments 18 6 67 31
Total interest income 9,871 10,564 19,564 20,251
INTEREST EXPENSE:        
Deposits 988 912 1,938 1,844
Borrowings 165 153 301 279
Redeemable subordinated debentures 104 88 203 174
Total interest expense 1,257 1,153 2,442 2,297
Net interest income 8,614 9,411 17,122 17,954
(CREDIT) PROVISION FOR LOAN LOSSES (100) 0 (300) 500
Net interest income after (credit) provision for loan losses 8,714 9,411 17,422 17,454
NON-INTEREST INCOME:        
Service charges on deposit accounts 176 190 373 429
Gain on sales of loans, net 747 1,203 1,650 2,495
Income on Bank-owned life insurance 157 142 301 276
Other income 456 453 808 917
Total non-interest income 1,536 1,988 3,132 4,117
NON-INTEREST EXPENSES:        
Salaries and employee benefits 4,291 4,478 8,607 8,665
Occupancy expense 952 1,048 1,941 2,158
Data processing expenses 314 306 627 625
FDIC insurance expense 105 180 223 370
Other real estate owned expenses 35 416 65 513
Other operating expenses 1,126 1,544 2,394 2,498
Total non-interest expenses 6,823 7,972 13,857 14,829
Income before income taxes 3,427 3,427 6,697 6,742
INCOME TAXES 1,113 1,112 2,161 2,167
Net income $ 2,314 $ 2,315 $ 4,536 $ 4,575
NET INCOME PER COMMON SHARE:        
Basic (in Dollars per share) $ 0.29 $ 0.29 $ 0.57 $ 0.58
Diluted (in Dollars per share) $ 0.28 $ 0.29 $ 0.56 $ 0.57
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in Shares) 7,947,146 7,881,626 7,944,069 7,880,270
Diluted (in Shares) 8,151,796 8,069,229 8,144,458 8,058,602