XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income        
Interest and fees on loans $ 9,865 $ 9,781 $ 19,517 $ 19,339
Interest on investment securities: Taxable 1,443 1,370 2,743 2,925
Interest on investment securities: Exempt from federal income tax 223 201 454 436
Total investment income 1,666 1,571 3,197 3,361
Other 160 105 304 195
Total interest income 11,691 11,457 23,018 22,895
Interest expense        
Interest on deposits 809 785 1,577 1,589
Interest on short-term borrowings 18 15 34 28
Interest on long-term borrowings 935 1,278 2,109 2,490
Total interest expense 1,762 2,078 3,720 4,107
Net interest income 9,929 9,379 19,298 18,788
Provision for loan losses 299 1,346 908 1,914
Net interest income after provision for loan losses 9,630 8,033 18,390 16,874
Other operating income        
Net gains 9 64 14 280
Service charges 773 847 1,508 1,613
Trust department 1,535 1,517 3,050 2,934
Debit card income 575 560 1,119 1,035
Bank owned life insurance 291 516 600 835
Brokerage commissions 213 220 426 507
Other 95 99 231 223
Total other income 3,482 3,759 6,934 7,147
Total other operating income 3,491 3,823 6,948 7,427
Other operating expenses        
Salaries and employee benefits 5,525 5,133 10,865 10,444
FDIC premiums 184 260 268 674
Equipment 596 574 1,236 1,209
Occupancy 598 607 1,219 1,246
Data processing 875 697 1,640 1,346
Professional Services 284 289 537 589
Other real estate owned 38 166 212 250
Other 1,760 1,813 3,327 3,678
Total other operating expenses 9,860 9,539 19,304 19,436
Income before income tax expense 3,261 2,317 6,034 4,865
Provision for income tax expense 952 613 1,745 1,290
Net Income 2,309 1,704 4,289 3,575
Accumulated preferred stock dividends (225) (450) (765) (1,125)
Net Income Available to Common Shareholders $ 2,084 $ 1,254 $ 3,524 $ 2,450
Basic and diluted net income per common share $ 0.30 $ 0.20 $ 0.52 $ 0.39
Weighted average number of basic and diluted shares outstanding 7,062 6,264 6,796 6,259