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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
INTEREST INCOME        
Loans $ 8,403 $ 7,865 $ 24,149 $ 23,253
Interest bearing deposits at banks 16 1 50 32
Securities:        
Taxable 407 469 1,242 1,374
Non-taxable 273 241 750 729
Total interest income 9,099 8,576 26,191 25,388
INTEREST EXPENSE        
Deposits 828 752 2,471 2,264
Other borrowings 49 64 109 225
Junior subordinated debentures 83 82 243 241
Total interest expense 960 898 2,823 2,730
NET INTEREST INCOME 8,139 7,678 23,368 22,658
PROVISION FOR LOAN LOSSES 396 327 1,012 655
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 7,743 7,351 22,356 22,003
NON-INTEREST INCOME        
Bank charges 455 482 1,275 1,406
Insurance service and fees 1,972 1,888 5,623 5,606
Data center income 25 85 117 292
Gain on loans sold 34 87 115 127
Gain on insurance settlement 734   734  
Bank-owned life insurance 134 137 423 434
Other 903 831 2,513 2,094
Total non-interest income 4,257 3,510 10,800 9,959
NON-INTEREST EXPENSE        
Salaries and employee benefits 5,253 4,792 15,114 14,052
Litigation expense (175)   (175) 1,000
Occupancy 675 720 2,066 2,148
Repairs and maintenance 230 190 618 547
Advertising and public relations 188 146 630 648
Professional services 673 438 1,855 1,374
Technology and communications 354 247 876 826
Amortization of intangibles   27   108
FDIC insurance 151 137 446 410
Other 931 788 2,604 2,322
Total non-interest expense 8,280 7,485 24,034 23,435
INCOME BEFORE INCOME TAXES 3,720 3,376 9,122 8,527
INCOME TAX PROVISION 1,211 1,086 3,033 2,646
NET INCOME $ 2,509 $ 2,290 $ 6,089 $ 5,881
Net income per common share-basic $ 0.59 $ 0.55 $ 1.44 $ 1.41
Net income per common share-diluted 0.58 0.54 1.41 1.38
Cash dividends per common share $ 0.36 $ 0.34 $ 0.72 $ 0.65
Weighted average number of common shares outstanding 4,241,156 4,184,491 4,232,201 4,183,777
Weighted average number of diluted shares outstanding 4,312,275 4,260,759 4,306,532 4,266,341