XML 20 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statement of Income - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
INTEREST AND DIVIDEND INCOME      
Interest and fees on loans $ 25,798,000 $ 23,824,000 $ 22,726,000
Interest-bearing deposits in other institutions 53,000 33,000 24,000
Federal funds sold 20,000 13,000 14,000
Investment securities:      
Taxable interest 1,106,000 1,467,000 1,896,000
Tax-exempt interest 2,913,000 3,160,000 3,127,000
Dividends on stock 104,000 98,000 87,000
Total interest and dividend income 29,994,000 28,595,000 27,874,000
INTEREST EXPENSE      
Deposits 3,618,000 3,426,000 3,633,000
Short-term borrowings 322,000 194,000 148,000
Other borrowings 68,000 83,000 118,000
Trust preferred securities 182,000 117,000 171,000
Total interest expense 4,190,000 3,820,000 4,070,000
NET INTEREST INCOME 25,804,000 24,775,000 23,804,000
Provision for loan losses 570,000 315,000 370,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 25,234,000 24,460,000 23,434,000
NONINTEREST INCOME      
Service charges on deposit accounts 1,940,000 1,874,000 1,876,000
Investment securities gains, net 303,000 323,000 248,000
Earnings on bank-owned life insurance 403,000 624,000 276,000
Revenue from investment services 415,000 436,000 451,000
Gains on sale of loans 419,000 329,000 237,000
Other income 479,000 458,000 500,000
Total noninterest income 3,959,000 4,044,000 3,588,000
NONINTEREST EXPENSE      
Salaries and employee benefits 10,249,000 9,751,000 8,817,000
Occupancy expense 1,252,000 1,253,000 1,108,000
Equipment expense 991,000 944,000 963,000
Data processing costs 1,335,000 1,071,000 917,000
Ohio state franchise tax 632,000 300,000 342,000
Federal deposit insurance expense 438,000 472,000 449,000
Professional fees 1,441,000 1,247,000 1,086,000
(Gain) loss on other real estate owned (448,000) (48,000) 183,000
Advertising expenses 734,000 721,000 488,000
Other real estate expenses 329,000 611,000 387,000
Directors fees 413,000 451,000 403,000
Appraiser fees 419,000 56,000
ATM fees 446,000 358,000 371,000
Other expense 2,601,000 2,850,000 2,296,000
Total noninterest expense 20,872,000 20,077,000 17,850,000
Income before income taxes 8,321,000 8,427,000 9,172,000
Income taxes 1,905,000 1,562,000 1,992,000
NET INCOME $ 6,416,000 $ 6,865,000 $ 7,180,000
EARNINGS PER SHARE      
Basic (in dollars per share) $ 3.04 $ 3.41 $ 3.52
Diluted (in dollars per share) 3.03 3.39 3.50
Cash dividends per share (in dollars per share) $ 1.08 $ 1.07 $ 1.04
Core Deposits [Member]      
NONINTEREST EXPENSE      
Core deposit intangible amortization $ 40,000 $ 40,000 $ 40,000