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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
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 $ 4,720 $ 4,185 $ 9,106 $ 8,265
Interest and dividends on investment securities:        
Taxable interest 506 548 1,061 1,218
Nontaxable interest 469 434 881 868
Dividends 35 35 63 63
Other interest income 10 4 22 9
Total interest income 5,740 5,206 11,133 10,423
INTEREST EXPENSE        
Deposits 516 400 1,002 815
Short-term borrowings 2 1 3 2
Federal Home Loan Bank advances - short term 18 8 33 18
Federal Home Loan Bank advances - long term 156 200 320 400
Subordinated debt 27 22 53 44
Total interest expense 719 631 1,411 1,279
Net interest income 5,021 4,575 9,722 9,144
PROVISION FOR LOAN LOSSES   130   290
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 5,021 4,445 9,722 8,854
NON-INTEREST INCOME        
Fees for customer services 512 486 1,032 969
Investment securities available-for-sale gains, net 17   375  
Trading security losses, net (13) (38) (47) (30)
Mortgage banking gains, net 465 160 814 345
Other real estate gains, net     13  
Earnings on bank-owned life insurance 92 86 173 172
Wealth management income 19 117 40 307
Other non-interest income 73 47 172 150
Total non-interest income 1,165 858 2,572 1,913
NON-INTEREST EXPENSES        
Salaries and employee benefits 2,595 2,388 4,993 4,836
Net occupancy and equipment expense 536 505 1,063 992
State and local taxes 113 104 225 204
FDIC insurance expense 85 83 166 166
Professional fees 292 212 487 406
Advertising and marketing expense 151 85 272 135
Net losses from the extinguishment of debt     242  
Other operating expenses 962 810 1,770 1,442
Total non-interest expenses 4,734 4,187 9,218 8,181
INCOME BEFORE FEDERAL INCOME TAX EXPENSE 1,452 1,116 3,076 2,586
Federal income tax expense 279 200 541 521
NET INCOME $ 1,173 $ 916 $ 2,535 $ 2,065
EARNINGS PER SHARE BASIC AND DILUTED $ 0.27 $ 0.21 $ 0.58 $ 0.46
CASH DIVIDENDS DECLARED PER SHARE $ 0.07 $ 0.06 $ 0.14 $ 0.12