XML 19 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Interest and Dividend Income:    
Interest and fees on loans $ 20,082 $ 19,588
Interest and dividends on investment securities: Taxable 2,955 2,850
Interest and dividends on investment securities: Exempt from federal taxes 1,399 1,116
Interest on cash and cash equivalents 42 42
Total interest and dividend income 24,478 23,596
Interest Expense:    
Interest on NOW, money market and savings 590 541
Interest on time deposits 396 697
Interest in brokered deposits 179 53
Interest on FHLB advances 787 613
Interest on repurchase agreements 51 39
Interest on junior subordinated debentures 301 295
Interest on Subordinated Debt 341  
Interest on other borrowings 67 73
Total interest expense 2,712 2,311
Net interest income 21,766 21,285
Provision for credit losses 1,105 1,130
Net interest income after provision for credit losses 20,661 20,155
Non-interest Income:    
Service charges 1,131 1,226
Wealth management 1,485 1,314
Mortgage banking 171 92
Increase in cash surrender value of BOLI 228 235
Gain from insurance proceeds 120  
Gains on sale of investment securities, net 78 858
Gain on sale of loans 484  
Other fees 1,312 1,233
Total non-interest income 5,009 4,958
Non-interest Expense:    
Salaries and employee benefits 10,551 9,998
Furniture and equipment 1,239 1,289
Occupancy 1,919 2,119
Professional and consulting 1,185 1,216
Advertising and marketing 631 662
Printing and supplies 161 165
FDIC insurance 497 455
PA shares tax 602 602
Telecommunications 245 252
Loss on sale or write down of OREO, net 134 7
Other expenses 1,865 1,867
Total non-interest expense 19,029 18,632
Income before income tax expense 6,641 6,481
Income tax expense 1,503 1,677
Net income 5,138 4,804
Preferred stock dividends 50 135
Net income available to common stockholders $ 5,088 $ 4,669
Earnings per common share:    
Basic $ 1.82 $ 1.69
Diluted 1.79 1.66
Cash dividends per common share $ 0.28 $ 0.28
Weighted average common shares outstanding:    
Basic 2,801,881 2,766,723
Diluted 2,847,488 2,812,726