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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
INTEREST INCOME        
Loans $ 9,620 $ 8,403 $ 27,228 $ 24,149
Interest bearing deposits at banks 1 16 45 50
Securities:        
Taxable 385 407 1,323 1,242
Non-taxable 235 273 695 750
Total interest income 10,241 9,099 29,291 26,191
INTEREST EXPENSE        
Deposits 977 828 2,972 2,471
Other borrowings 100 49 201 109
Junior subordinated debentures 95 83 273 243
Total interest expense 1,172 960 3,446 2,823
NET INTEREST INCOME 9,069 8,139 25,845 23,368
PROVISION FOR LOAN LOSSES 1,006 396 838 1,012
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 8,063 7,743 25,007 22,356
NON-INTEREST INCOME        
Deposit service charges 475 455 1,321 1,275
Insurance service and fees 1,855 1,972 5,175 5,623
Gain on loans sold 35 34 79 115
Gain on insurance settlement   734   734
Bank-owned life insurance 144 134 421 423
Loss on tax credit investment     (2,139)  
Refundable state historic tax credit     1,508  
Interchange fee income 319 320 977 938
Other 507 608 1,267 1,692
Total non-interest income 3,335 4,257 8,609 10,800
NON-INTEREST EXPENSE        
Salaries and employee benefits 5,402 5,253 16,383 15,114
Occupancy 732 675 2,171 2,066
Repairs and maintenance 200 230 588 618
Advertising and public relations 232 188 707 630
Professional services 535 673 1,771 1,855
Technology and communications 304 354 1,065 876
FDIC insurance 201 151 542 446
Other 1,105 756 2,731 2,429
Total non-interest expense 8,711 8,280 25,958 24,034
INCOME BEFORE INCOME TAXES 2,687 3,720 7,658 9,122
INCOME TAX PROVISION 471 1,211 1,725 3,033
NET INCOME $ 2,216 $ 2,509 $ 5,933 $ 6,089
Net income per common share-basic $ 0.52 $ 0.59 $ 1.39 $ 1.44
Net income per common share-diluted 0.51 0.58 1.37 1.41
Cash dividends per common share $ 0.38 $ 0.36 $ 0.76 $ 0.72
Weighted average number of common shares outstanding 4,287,124 4,241,156 4,278,171 4,232,201
Weighted average number of diluted shares outstanding 4,362,479 4,312,275 4,345,307 4,306,532