XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
INTEREST INCOME    
Loans $ 8,730 $ 7,813
Interest bearing deposits at banks 11 1
Securities:    
Taxable 377 405
Non-taxable 238 237
Total interest income 9,356 8,456
INTEREST EXPENSE    
Deposits 959 781
Other borrowings 50 15
Junior subordinated debentures 87 79
Total interest expense 1,096 875
NET INTEREST INCOME 8,260 7,581
PROVISION FOR LOAN LOSSES 208 201
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 8,052 7,380
NON-INTEREST INCOME    
Bank charges 443 409
Insurance service and fees 1,748 1,829
Gain on loans sold 15 22
Bank-owned life insurance 136 137
Interchange fee income 318 294
Other 334 375
Total non-interest income 2,994 3,066
NON-INTEREST EXPENSE    
Salaries and employee benefits 5,514 4,794
Occupancy 699 695
Repairs and maintenance 176 173
Advertising and public relations 285 211
Professional services 580 511
Technology and communications 422 259
Litigation expense (100)  
FDIC insurance 159 147
Other 793 722
Total non-interest expense 8,528 7,512
INCOME BEFORE INCOME TAXES 2,518 2,934
INCOME TAX PROVISION 804 1,029
NET INCOME $ 1,714 $ 1,905
Net income per common share-basic $ 0.40 $ 0.45
Net income per common share-diluted 0.40 0.44
Cash dividends per common share $ 0.38 $ 0.36
Weighted average number of common shares outstanding 4,263,109 4,213,509
Weighted average number of diluted shares outstanding 4,328,034 4,291,676