XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income        
Interest and fees on loans $ 6,332,000 $ 5,965,000 $ 12,684,000 $ 11,846,000
Interest and dividends on investment securities (AFS & HTM):        
Taxable 1,291,000 1,256,000 2,647,000 2,598,000
Tax-exempt 489,000 469,000 1,005,000 955,000
Interest on trading securities 30,000 40,000 70,000 81,000
Interest on interest-bearing balances and other interest income 42,000 16,000 58,000 73,000
Total interest income 8,184,000 7,746,000 16,464,000 15,553,000
Interest on deposits        
Interest-bearing demand 163,000 154,000 315,000 320,000
Money market 47,000 38,000 94,000 74,000
Savings 229,000 200,000 455,000 396,000
Time 371,000 389,000 744,000 785,000
Time of $100 or more 319,000 295,000 637,000 590,000
Interest on short-term borrowings 36,000 28,000 79,000 59,000
Total interest expense 1,165,000 1,104,000 2,324,000 2,224,000
Net interest income 7,019,000 6,642,000 14,140,000 13,329,000
Provision for (credit to) loan losses 0 60,000 125,000 60,000
Net interest income after provision for loan losses 7,019,000 6,582,000 14,015,000 13,269,000
Non-interest income        
Other-than-temporary impairment losses (122,000) 0 (192,000)
Net gain on sale of investment securities 137,000 214,000 526,000 717,000
Net gain on investment securities 15,000 214,000 334,000 717,000
Net gain (loss) on trading activites 52,000 (34,000) 86,000 (19,000)
Fees for services to customers 397,000 404,000 780,000 806,000
ATM and debit card 422,000 394,000 810,000 756,000
Retail brokerage and advisory income 126,000 204,000 296,000 377,000
Bank-owned life insurance 73,000 72,000 144,000 142,000
Merchant Income 83,000 81,000 156,000 151,000
Net gain on sale of loans 71,000 119,000 120,000 182,000
Other 135,000 145,000 224,000 164,000
Total non-interest income 1,374,000 1,599,000 2,950,000 3,276,000
Non-interest expense        
Salaries and employee benefits 2,988,000 3,053,000 6,042,000 6,049,000
Net occupancy 426,000 455,000 867,000 909,000
Furniture and equipment 440,000 432,000 865,000 861,000
Marketing 265,000 212,000 461,000 422,000
Third party services 403,000 445,000 806,000 846,000
Telephone, postage and supplies 174,000 175,000 360,000 369,000
State taxes 141,000 173,000 321,000 347,000
FDIC insurance premiums 157,000 150,000 327,000 317,000
Other 599,000 569,000 1,063,000 1,071,000
Total non-interest expense 5,593,000 5,664,000 11,112,000 11,191,000
Income before income taxes 2,800,000 2,517,000 5,853,000 5,354,000
Provision for income taxes 702,000 583,000 1,490,000 1,284,000
Net income $ 2,098,000 $ 1,934,000 $ 4,363,000 $ 4,070,000
Earnings per share - basic (in dollars per share) $ 0.62 $ 0.58 $ 1.29 $ 1.22
Earnings per share - diluted (in dollars per share) 0.62 0.58 1.29 1.22
Cash dividends per share (in dollars per share) $ 0.30 $ 0.29 $ 0.60 $ 0.58