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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 and Dividend Income        
Interest and fees on loans $ 5,540 $ 5,397 $ 16,278 $ 16,317
Interest and dividends on securities available for sale:        
Taxable interest income 437 458 1,219 1,447
Interest income exempt from federal income taxes 244 270 733 834
Dividends 42 126 75 197
Interest on deposits with other institutions 2 2 19 4
Total interest and dividend income 6,265 6,253 18,324 18,799
Interest Expense        
Interest on deposits 185 241 551 730
Interest on federal funds purchased and securities sold under agreements to repurchase 9 0 10 20
Interest on Federal Home Loan Bank advances 69 159 269 476
Interest on trust preferred capital notes 12 33 78 98
Interest on interest rate swap 46 47 137 139
Total interest expense 321 480 1,045 1,463
Net interest income 5,944 5,773 17,279 17,336
(Recovery of) Provision For Loan Losses (410) 0 23 0
Net interest income after (recovery of) provision for loan losses 6,354 5,773 17,256 17,336
Noninterest Income        
Income from fiduciary activities 319 212 1,103 873
Service charges on deposit accounts 329 332 926 984
Other service charges and fees 919 827 2,605 2,307
Gain on sale of securities 20 87 116 93
Gain on redemption of trust preferred capital notes 2,424 0 2,424 0
Other operating (loss) income (181) 15 (71) 127
Total noninterest income 3,830 1,473 7,103 4,384
Noninterest Expenses        
Salaries and employee benefits 3,090 3,017 9,197 8,768
Occupancy expenses 394 319 1,176 963
Equipment expenses 312 197 718 546
Advertising and marketing expenses 155 159 458 417
Stationery and supplies 67 74 179 238
ATM network fees 246 174 595 532
Other real estate owned expense 63 4 83 14
(Gain) loss on the sale of other real estate owned (11) 14 81 (3)
FDIC assessment 108 94 319 261
Computer software expense 134 252 547 664
Bank franchise tax 131 123 374 342
Professional fees 211 290 714 761
Cost to terminate operating lease 0 0 520 0
Other operating expenses 618 616 1,746 1,639
Total noninterest expenses 5,518 5,333 16,707 15,142
Income before income taxes 4,666 1,913 7,652 6,578
Income Tax Expense 1,377 528 2,110 1,872
Net income $ 3,289 $ 1,385 $ 5,542 $ 4,706
Earnings Per Share        
Net income per common share, basic $ 0.94 $ 0.40 $ 1.59 $ 1.37
Net income per common share, diluted $ 0.94 $ 0.40 $ 1.59 $ 1.37