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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income:    
Loans, including fees $ 4,441 $ 3,547
Taxable securities 631 561
Tax-exempt securities 112 118
Other interest income 3  
Total interest income 5,187 4,226
Interest expense:    
Deposits 439 481
Securities sold under agreements to repurchase 1 1
Short-term borrowings 42 11
Long-term debt 69 68
Other interest bearing liabilities 7 4
Total interest expense 558 565
Net interest income 4,629 3,661
Provision for loan losses 121 50
Net interest income after provision for loan losses 4,508 3,611
Non-interest income:    
Customer service fees 387 364
Debit card fee income 243 205
Earnings on bank-owned life insurance and annuities 88 90
Trust fees 80 81
Commissions from sales of non-deposit products 70 90
Income from unconsolidated subsidiary 40 49
Fees derived from loan activity 53 34
Mortgage banking income 35 54
Net gain on sales and calls of securities   (17)
Gain on sales of loans 113  
Other non-interest income 70 50
Total non-interest income 1,179 1,000
Non-interest expense:    
Employee compensation expense 1,663 1,474
Employee benefits 604 550
Occupancy 283 282
Equipment 165 128
Data processing expense 452 387
Director compensation 58 49
Professional fees 151 114
Taxes, other than income 94 89
FDIC Insurance premiums 105 87
Losses on sales of other real estate owned 3  
Amortization of intangibles 31 11
Amortization of investment in low-income housing partnership 120 120
Merger and acquisition expense 58 10
Other non-interest expense 353 303
Total non-interest expense 4,140 3,604
Income before income taxes 1,547 1,007
Income tax provision 255 83
Net income $ 1,292 $ 924
Earnings per share    
Basic $ 0.27 $ 0.22
Diluted 0.27 0.22
Cash dividends declared per share $ 0.22 $ 0.22
Weighted average basic shares outstanding 4,797,866 4,187,441
Weighted average diluted shares outstanding 4,798,227 4,188,624