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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST AND DIVIDEND INCOME:        
Taxable interest and fees on loans $ 8,171 $ 8,177 $ 16,342 $ 16,349
Taxable interest on mortgage-backed securities 452 337 853 695
Non-taxable interest on municipal securities 1 1 2 2
Taxable interest and dividends on other investment securities 206 249 476 505
Total interest and dividend income 8,830 8,764 17,673 17,551
INTEREST EXPENSE:        
Interest on deposits 651 617 1,318 1,230
Interest on borrowings 811 1,091 1,708 2,173
Total interest expense 1,462 1,708 3,026 3,403
NET INTEREST INCOME 7,368 7,056 14,647 14,148
PROVISION FOR LOAN LOSSES 161 178 313 331
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 7,207 6,878 14,334 13,817
OTHER INCOME:        
Service charges 443 503 888 1,011
Cash surrender value of life insurance 157 156 311 310
Gain on sale of investment 37 0 0 0
Other 439 474 876 861
Total other income 1,076 1,133 2,075 2,182
OTHER EXPENSE:        
Salaries and employee benefits 3,342 3,168 6,652 6,467
Occupancy and equipment 1,218 1,248 2,423 2,497
Federal insurance premiums 145 141 290 279
Advertising 102 121 192 226
Professional services 299 270 601 548
Real estate owned expense 41 21 48 (46)
Charitable contributions 44 38 87 75
Other operating expenses 396 366 785 768
Total other expenses 5,587 5,373 11,078 10,814
INCOME BEFORE INCOME TAXES 2,696 2,638 5,331 5,185
INCOME TAX EXPENSE 920 899 1,799 1,733
NET INCOME 1,776 1,739 3,532 3,452
Other comprehensive income, net of tax:        
Unrealized gain (loss) on available for sale securities 216 (254) 630 133
Unrealized gain (loss) on post retirement life benefit 3 6 6 11
COMPREHENSIVE INCOME $ 1,995 $ 1,491 $ 4,168 $ 3,596
Earnings per share, basic: (in dollars per share) $ 0.29 $ 0.29 $ 0.58 $ 0.58
Earnings per share, diluted: (in dollars per share) $ 0.28 $ 0.29 $ 0.57 $ 0.57