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Consolidated Statements of 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:        
Loans $ 12,647 $ 11,266 $ 25,008 $ 21,952
Investment securities 3,750 4,274 7,625 8,797
Other investments 146 70 290 149
Total interest and dividend income 16,543 15,610 32,923 30,898
Interest expense:        
Deposits 1,470 1,154 2,878 2,288
Advances from the Federal Home Loan Bank 256 157 513 227
Securities sold under agreements to repurchase 218 243 436 555
Total interest expense 1,944 1,554 3,827 3,070
Net interest income 14,599 14,056 29,096 27,828
Provision for loan losses 84 101 112 295
Net interest income after provision for loan losses 14,515 13,955 28,984 27,533
Noninterest income:        
Service fees on loan and deposit accounts 473 527 929 987
Income on bank-owned life insurance 240 256 487 511
Gain on sale of investment securities 190 240 190 476
Gain on sale of loans 129 110 190 239
Other 102 115 224 281
Total noninterest income 1,134 1,248 2,020 2,494
Noninterest expense:        
Salaries and employee benefits 5,256 5,064 10,682 10,163
Occupancy 1,433 1,428 2,853 2,865
Equipment 912 953 1,818 1,898
Federal deposit insurance premiums 227 211 452 420
Other general and administrative expenses 1,160 1,187 2,242 2,401
Total noninterest expense 8,988 8,843 18,047 17,747
Income before income taxes 6,661 6,360 12,957 12,280
Income taxes 2,624 2,523 5,136 4,917
Net income $ 4,037 $ 3,837 $ 7,821 $ 7,363
Basic earnings per share (in dollars per share) $ 0.45 $ 0.42 $ 0.86 $ 0.81
Diluted earnings per share (in dollars per share) 0.43 0.41 0.84 0.79
Cash dividends declared per common share (in dollars per share) $ 0.18 $ 0.16 $ 0.36 $ 0.32
Basic weighted-average shares outstanding (in shares) 9,059,515 9,053,383 9,047,217 9,086,865
Diluted weighted-average shares outstanding (in shares) 9,345,262 9,307,988 9,323,432 9,314,776