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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME        
Loans, including fees $ 8,697 $ 8,133 $ 16,745 $ 16,070
Securities:        
Taxable 839 815 1,654 1,632
Tax-exempt 548 520 1,101 1,040
Federal funds sold and short-term investments 86 18 158 67
Total interest income 10,170 9,486 19,658 18,809
INTEREST EXPENSE        
Deposits 1,104 988 2,147 1,938
Borrowings 109 165 236 301
Redeemable subordinated debentures 127 104 246 203
Total interest expense 1,340 1,257 2,629 2,442
Net interest income 8,830 8,229 17,029 16,367
PROVISION (CREDIT) FOR LOAN LOSSES 150 (100) 300 (300)
Net interest income after provision (credit) for loan losses 8,680 8,329 16,729 16,667
NON-INTEREST INCOME        
Service charges on deposit accounts 149 176 303 373
Gain on sales of loans, net 1,018 747 2,607 1,650
Income on Bank-owned life insurance 130 157 260 301
(Loss) gain on sales of securities (2) 0 104 0
Other income 471 456 895 808
Total non-interest income 1,766 1,536 4,169 3,132
NON-INTEREST EXPENSES        
Salaries and employee benefits 5,127 4,291 10,050 8,607
Occupancy expense 820 835 1,739 1,708
Data processing expenses 326 314 645 627
FDIC insurance expense 80 105 160 223
Other real estate owned expenses 11 35 15 65
Other operating expenses 1,322 858 2,728 1,872
Total non-interest expenses 7,686 6,438 15,337 13,102
Income before income taxes 2,760 3,427 5,561 6,697
INCOME TAXES 841 1,113 1,693 2,161
Net income $ 1,919 $ 2,314 $ 3,868 $ 4,536
NET INCOME PER COMMON SHARE        
Basic (in Dollars per share) $ 0.24 $ 0.29 $ 0.48 $ 0.57
Diluted (in Dollars per share) $ 0.23 $ 0.28 $ 0.47 $ 0.56
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in Shares) 8,033,299 7,947,146 8,029,690 7,944,069
Diluted (in Shares) 8,301,939 8,151,796 8,301,431 8,144,458