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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME        
Loans $ 10,646 $ 8,878 $ 20,892 $ 17,608
Interest bearing deposits at banks 43 33 55 44
Securities:        
Taxable 563 561 999 938
Non-taxable 210 222 434 460
Total interest income 11,462 9,694 22,380 19,050
INTEREST EXPENSE        
Deposits 1,190 1,036 2,306 1,995
Other borrowings 50 51 108 101
Junior subordinated debentures 104 91 204 178
Total interest expense 1,344 1,178 2,618 2,274
NET INTEREST INCOME 10,118 8,516 19,762 16,776
(CREDIT) PROVISION FOR LOAN LOSSES 410 (376) (25) (168)
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 9,708 8,892 19,787 16,944
NON-INTEREST INCOME        
Deposit service charges 428 403 818 846
Insurance service and fees 1,912 1,572 4,080 3,320
Gain on loans sold 52 29 70 44
Bank-owned life insurance 142 141 272 277
Loss on tax credit investments (919) (2,139) (919) (2,139)
Refundable state historic tax credit 647 1,508 647 1,508
Interchange fee income 379 340 723 658
Other 448 426 920 760
Total non-interest income 3,089 2,280 6,611 5,274
NON-INTEREST EXPENSE        
Salaries and employee benefits 6,030 5,467 11,746 10,981
Occupancy 775 740 1,550 1,439
Advertising and public relations 216 190 406 475
Professional services 550 656 1,152 1,236
Technology and communications 804 551 1,411 1,149
Amortization of intangibles 28   56  
FDIC insurance 129 182 356 341
Other 785 933 1,695 1,626
Total non-interest expense 9,317 8,719 18,372 17,247
INCOME BEFORE INCOME TAXES 3,480 2,453 8,026 4,971
INCOME TAX PROVISION 862 450 2,262 1,254
NET INCOME $ 2,618 $ 2,003 $ 5,764 $ 3,717
Net income per common share-basic $ 0.55 $ 0.47 $ 1.23 $ 0.87
Net income per common share-diluted 0.54 0.46 1.20 0.86
Cash dividends per common share $ 0.40 $ 0.38
Weighted average number of common shares outstanding 4,764,080 4,284,180 4,699,447 4,273,645
Weighted average number of diluted shares outstanding 4,880,454 4,346,599 4,819,375 4,337,299