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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 $ 7,453 $ 7,334
Interest on interest-bearing deposits 148 162
Interest on securities – taxable 1,402 1,677
Interest on securities – nontaxable 1,235 1,311
Total interest income 10,238 10,484
Interest Expense    
Interest on time deposits 202 274
Interest on other deposits 826 794
Total interest expense 1,028 1,068
Net interest income 9,210 9,416
Provision for loan losses 59 203
Net interest income after provision for loan losses 9,151 9,213
Noninterest Income    
Service charges on deposit accounts 665 560
Other service charges and fees 69 72
Credit card fees 898 870
Trust income 401 323
BOLI income 143 147
Other income 328 345
Realized securities gain, net 24
Total noninterest income 2,504 2,341
Noninterest Expense    
Salaries and employee benefits 3,543 3,568
Occupancy and furniture and fixtures 438 477
Data processing and ATM 565 411
FDIC assessment 95 141
Credit card processing 655 622
Intangible assets amortization 31 110
Net costs of other real estate owned 29 69
Franchise taxes 322 331
Other operating expenses 1,259 955
Total noninterest expense 6,937 6,684
Income before income taxes 4,718 4,870
Income tax expense 1,069 1,091
Net Income $ 3,649 $ 3,779
Basic net income per common share (in dollars per share) $ 0.52 $ 0.54
Fully diluted net income per common share (in dollars per share) $ 0.52 $ 0.54
Weighted average number of common shares outstanding – basic (in shares) 6,957,974 6,957,974
Weighted average number of common shares outstanding – diluted (in shares) 6,957,974 6,957,974
Dividends declared per common share (in dollars per share)