XML 30 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest and Dividend Income      
Loans, including fees $ 44,919 $ 41,386 $ 39,475
Interest and dividends on investment securities 3,108 2,473 2,270
Interest on deposits with banks 20 14 14
Total interest and dividend income 48,047 43,873 41,759
Interest Expense      
Deposits 4,695 4,152 4,586
Short-term borrowings 196 37 12
Long-term debt 3,251 3,156 2,100
Total interest expense 8,142 7,345 6,698
Net interest income 39,905 36,528 35,061
Provision for loan losses 2,359 1,433 2,653
Net interest income after provision for loan losses 37,546 35,095 32,408
Noninterest Income      
Loan appraisal, credit, and miscellaneous charges 289 315 368
Gain on sale of asset 12 19 7
Net (losses) gain on sale of OREO (436) (20) 322
Net gain on sale of investment securities 31 4 19
Loss on premises and equipment held for sale   (426)  
Income from bank owned life insurance 789 815 671
Service charges 2,675 2,488 2,213
Gain on sale of loans held for sale   104 493
Total noninterest income 3,360 3,299 4,093
Noninterest Expense      
Salary and employee benefits 16,810 16,366 15,851
Occupancy expense 2,488 2,427 2,371
Advertising 647 583 545
Data processing expense 2,267 2,044 1,556
Professional fees 1,568 1,323 1,129
Depreciation of furniture, fixtures, and equipment 812 810 753
Telephone communications 174 188 185
Office supplies 136 157 204
FDIC insurance 739 799 709
OREO valuation allowance and expenses 861 1,059 386
Other 2,657 2,662 2,546
Total noninterest expense 29,159 28,418 26,235
Income before income taxes 11,747 9,976 10,266
Income tax expense 4,416 3,633 3,776
Net income 7,331 6,343 6,490
Preferred stock dividends   23 200
Net income available to common shareholders $ 7,331 $ 6,320 $ 6,290
Earnings Per Common Share      
Basic (in dollars per share) $ 1.59 $ 1.36 $ 1.35
Diluted (in dollars per share) 1.59 1.35 1.35
Cash dividends paid per common share (in dollars per share) $ 0.40 $ 0.40 $ 0.40