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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income        
Interest and fees on loans $ 6,302,000 $ 5,787,000 $ 18,148,000 $ 16,964,000
Interest and dividends on investment securities (AFS & HTM):        
Taxable 1,242,000 1,324,000 3,840,000 3,983,000
Tax-exempt 519,000 541,000 1,474,000 1,712,000
Interest on trading securities 43,000 44,000 124,000 111,000
Interest on interest-bearing balances and other interest income 32,000 45,000 105,000 86,000
Total interest income 8,138,000 7,741,000 23,691,000 22,856,000
Interest on deposits        
Interest-bearing demand 170,000 178,000 490,000 486,000
Money market 40,000 35,000 114,000 90,000
Savings 204,000 192,000 600,000 574,000
Time 381,000 416,000 1,166,000 1,226,000
Time of $100 or more 300,000 310,000 890,000 850,000
Interest on short-term borrowings 28,000 25,000 87,000 85,000
Interest on long-term debt       70,000
Total interest expense 1,123,000 1,156,000 3,347,000 3,381,000
Net interest income 7,015,000 6,585,000 20,344,000 19,475,000
Provision for loan losses 0 0 60,000 0
Net interest income after provision for loan losses 7,015,000 6,585,000 20,284,000 19,475,000
Non-interest income        
Net gain on sale of investment securities 83,000 180,000 800,000 1,087,000
Net gain on trading activities 36,000 40,000 17,000 155,000
Fees for services to customers 434,000 432,000 1,240,000 1,241,000
ATM and debit card 397,000 378,000 1,153,000 1,113,000
Retail brokerage and advisory income 180,000 138,000 557,000 453,000
Bank-owned life insurance 73,000 74,000 215,000 219,000
Merchant Income 75,000 73,000 226,000 229,000
Net gain on sale of loans 120,000 110,000 302,000 171,000
Other 95,000 92,000 259,000 286,000
Total non-interest income 1,493,000 1,517,000 4,769,000 4,954,000
Non-interest expense        
Salaries and employee benefits 2,911,000 2,963,000 8,960,000 8,594,000
Net occupancy 427,000 421,000 1,336,000 1,291,000
Furniture and equipment 424,000 444,000 1,285,000 1,290,000
Marketing 174,000 201,000 596,000 641,000
Third party services 389,000 454,000 1,235,000 1,266,000
Telephone, postage and supplies 182,000 187,000 551,000 544,000
State taxes 173,000 152,000 520,000 456,000
FDIC insurance premiums 162,000 170,000 479,000 507,000
Other 731,000 486,000 1,802,000 1,415,000
Total non-interest expense 5,573,000 5,478,000 16,764,000 16,004,000
Income before income taxes 2,935,000 2,624,000 8,289,000 8,425,000
Provision for income taxes 715,000 580,000 1,999,000 1,913,000
Net income $ 2,220,000 $ 2,044,000 $ 6,290,000 $ 6,512,000
Earnings per share - basic (in Dollars per share) $ 0.66 $ 0.62 $ 1.89 $ 1.98
Earnings per share - diluted (in Dollars per share) 0.66 0.62 1.88 1.98
Cash dividends per share (in Dollars per share) $ 0.29 $ 0.28 $ 0.87 $ 0.84