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Interim Condensed 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        
Loans, including fees $ 9,317 $ 8,875 $ 18,355 $ 17,900
AFS securities        
Taxable 2,303 2,238 4,703 4,345
Nontaxable 1,441 1,507 2,926 2,989
Federal funds sold and other 157 139 315 278
Total interest income 13,218 12,759 26,299 25,512
Interest expense        
Deposits 1,418 1,459 2,817 2,925
Borrowings 1,260 1,059 2,475 2,081
Total interest expense 2,678 2,518 5,292 5,006
Net interest income 10,540 10,241 21,007 20,506
Provision for loan losses 12 (535) 168 (1,261)
Net interest income after provision for loan losses 10,528 10,776 20,839 21,767
Noninterest income        
Service charges and fees 1,163 1,393 2,376 2,556
Net gain on sale of mortgage loans 127 166 209 315
Earnings on corporate owned life insurance policies 195 195 383 382
Net gains (losses) on sale of AFS securities 245 0 245 0
Other 1,022 875 1,762 1,504
Total noninterest income 2,752 2,629 4,975 4,757
Noninterest expenses        
Compensation and benefits 4,684 4,340 9,472 9,106
Furniture and equipment 1,553 1,426 3,021 2,740
Occupancy 732 672 1,490 1,393
Other 2,249 1,892 4,315 3,766
Total noninterest expenses 9,218 8,330 18,298 17,005
Income before federal income tax expense 4,062 5,075 7,516 9,519
Federal income tax expense 655 977 1,092 1,748
Federal Income Tax Expense (Benefit), Continuing Operations 655 977 1,092 1,748
NET INCOME $ 3,407 $ 4,098 $ 6,424 $ 7,771
Earnings per share        
Basic (in dollars per share) $ 0.44 $ 0.53 $ 0.82 $ 1.00
Diluted (in dollars per share) 0.43 0.52 0.80 0.98
Cash dividends per basic share (in dollars per share) $ 0.24 $ 0.23 $ 0.48 $ 0.46