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Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income    
Interest and fees on loans $ 9,652 $ 9,558
Interest on investment securities: Taxable 1,300 1,555
Interest on investment securities: Exempt from federal income tax 231 235
Total investment income 1,531 1,790
Other 144 90
Total interest income 11,327 11,438
Interest expense    
Interest on deposits 768 804
Interest on short-term borrowings 16 13
Interest on long-term borrowings 1,174 1,212
Total interest expense 1,958 2,029
Net interest income 9,369 9,409
Provision for loan losses 609 568
Net interest income after provision for loan losses 8,760 8,841
Other operating income    
Net gains 5 216
Service charges 735 766
Trust department 1,515 1,417
Debit card income 544 475
Bank owned life insurance 309 319
Brokerage commissions 213 287
Other 136 124
Total other income 3,452 3,388
Total other operating income 3,457 3,604
Other operating expenses    
Salaries and employee benefits 5,340 5,311
FDIC premiums 84 414
Equipment 640 635
Occupancy 621 639
Data processing 765 649
Professional Services 253 300
Other real estate owned 174 84
Other 1,567 1,865
Total other operating expenses 9,444 9,897
Income before income tax expense 2,773 2,548
Provision for income tax expense 793 677
Net Income 1,980 1,871
Accumulated preferred stock dividends (540) (675)
Net Income Available to Common Shareholders $ 1,440 $ 1,196
Basic and diluted net income per common share $ 0.22 $ 0.19
Weighted average number of basic and diluted shares outstanding 6,530 6,255