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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income    
Interest and fees on loans $ 7,072 $ 6,352
Interest and dividends on investment securities (AFS & HTM):    
Taxable 1,563 1,356
Tax-exempt 465 516
Interest on trading securities 29 40
Interest on interest-bearing balances and other interest income 7 16
Total interest income 9,136 8,280
Interest on deposits    
Interest-bearing demand 174 152
Money market 52 47
Savings 259 226
Time 368 373
Time of $100 or more 323 318
Interest on short-term borrowings 80 43
Total interest expense 1,256 1,159
Net interest income 7,880 7,121
Provision for loan losses 300 125
Net interest income after provision for loan losses 7,580 6,996
Non-interest income    
Total other-than-temporary impairment loss on investment securities 0 (70)
Net other-than temporary impairment losses on investment securities   (70)
Net gain on sale of investment securities 749 389
Net gain on investment securities 749 319
Net gain on trading activities 17 34
Fees for services to customers 392 383
ATM and debit card 417 388
Retail brokerage and advisory 103 170
Bank-owned life insurance 71 71
Merchant 80 73
Net gain on sale of loans 50 49
Other 111 89
Total non-interest income 1,990 1,576
Non-interest expense    
Salaries and employee benefits 3,086 3,054
Net occupancy 451 441
Furniture and equipment 429 425
Marketing 229 196
Third party services 394 403
Telephone, postage and supplies 200 186
State taxes 193 180
FDIC insurance premiums 141 170
Other 465 464
Total non-interest expense 5,588 5,519
Income before income taxes 3,982 3,053
Provision for income taxes 1,122 788
Net income $ 2,860 $ 2,265
Earnings per share - basic $ 0.84 $ 0.67
Earnings per share - diluted 0.83 0.67
Cash dividends per share $ 0.31 $ 0.30