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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST INCOME        
Loans, including fees $ 8,965 $ 8,033 $ 17,557 $ 16,023
Securities:        
Taxable 785 951 1,594 1,962
Tax-exempt 221 267 452 540
Dividends 49 60 214 89
Other 25 14 39 30
Total Interest Income 10,045 9,325 19,856 18,644
INTEREST EXPENSE        
Deposits 533 441 1,032 866
Short-term borrowings 11 14 28 34
Long-term borrowings 445 450 899 907
Total Interest Expense 989 905 1,959 1,807
Net Interest Income 9,056 8,420 17,897 16,837
PROVISION FOR LOAN LOSSES 0 0 0 150
Net Interest Income after Provision for Loan Losses 9,056 8,420 17,897 16,687
OTHER INCOME        
Service charges on deposit accounts 584 533 1,110 998
Income from fiduciary activities 377 411 740 737
Earnings on investment in bank-owned life insurance 285 289 547 544
Net gains on sales or calls of securities 101 52 101 52
Service charges on ATM and debit card transactions 393 400 754 759
Commissions from insurance sales 1,227 1,532 2,280 2,597
Other 272 175 500 307
Total Other Income 3,239 3,392 6,032 5,994
OTHER EXPENSES        
Salaries and employee benefits 5,363 4,954 10,588 9,709
Net occupancy 521 490 1,124 1,074
Equipment 757 677 1,465 1,320
Other tax 236 182 397 371
Professional services 179 270 424 574
Supplies and postage 169 120 318 273
Marketing and corporate relations 127 204 205 301
FDIC and regulatory 162 201 329 399
Intangible assets amortization 85 163 167 325
Foreclosed real estate expenses 81 74 108 117
Other operating 861 885 1,640 1,439
Total Other Expenses 8,541 8,220 16,765 15,902
Income before Income Taxes 3,754 3,592 7,164 6,779
PROVISION FOR INCOME TAXES 944 861 1,811 1,576
Net Income $ 2,810 $ 2,731 $ 5,353 $ 5,203
PER SHARE DATA        
Basic earnings (in dollars per share) $ 0.47 $ 0.46 $ 0.89 $ 0.87
Cash dividends declared (in dollars per share) $ 0.20 $ 0.19 $ 0.40 $ 0.38