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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 Income:        
Interest and fees on loans $ 5,850 $ 5,325 $ 16,859 $ 15,415
Interest on investment securities 462 418 1,407 1,235
Other 68 50 191 114
Total interest income 6,380 5,793 18,457 16,764
Interest Expense:        
Interest on deposits 135 134 397 383
Interest on note payable 31 51 108 106
Interest on subordinated debenture 219
Interest on junior subordinated deferrable interest debentures 87 77 255 227
Other 1 1 3 4
Total interest expense 254 263 763 939
Net interest income before provision for loan losses 6,126 5,530 17,694 15,825
Provision for Loan Losses 200 300 600 900
Net interest income after provision for loan losses 5,926 5,230 17,094 14,925
Non-Interest Income:        
Service charges 1,027 1,013 2,992 2,958
Gain on sale of loans 505 617 1,397 1,591
(Loss) gain on sale of investments (9) (32) 21
Other 461 425 1,344 1,343
Total non-interest income 1,993 2,046 5,701 5,913
Non-Interest Expenses:        
Salaries and employee benefits 2,547 2,584 7,713 7,728
Occupancy and equipment 779 702 2,163 2,082
Other 1,383 1,372 4,147 4,184
Total non-interest expenses 4,709 4,658 14,023 13,994
Income before provision for income taxes 3,210 2,618 8,772 6,844
Provision for Income Taxes 1,253 1,018 3,405 2,674
Net income $ 1,957 $ 1,600 $ 5,367 $ 4,170
Basic earnings per share (in dollars per share) $ 0.40 $ 0.33 $ 1.11 $ 0.87
Diluted earnings per share (in dollars per share) $ 0.39 $ 0.32 $ 1.06 $ 0.82