XML 18 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 income      
Loans, including fees $ 52,228 $ 47,134 $ 46,974
Securities available for sale      
Taxable 5,350 4,866 5,377
Tax-exempt 332 207 214
Federal funds sold and other 431 204 185
Total interest income 58,341 52,411 52,750
Interest expense      
Deposits 3,884 3,482 3,738
Repurchase agreements and other 37 38 34
FHLB advances and other borrowings 466 511 564
Subordinated Debt 256 0 0
Total interest expense 4,643 4,031 4,336
Net interest income 53,698 48,380 48,414
Provision for loan losses 1,748 326 534
Net interest income after provision for loan losses 51,950 48,054 47,880
Non-interest income      
Service charges on deposit accounts 4,030 3,665 3,576
Electronic banking income 3,145 2,691 2,437
Secondary market mortgage income 212 137 199
Gain on disposition of securities 4 0 29
Other 796 606 689
Total non-interest income 8,187 7,099 6,930
Non-interest expenses      
Salaries and employee benefits 19,805 16,949 18,071
Occupancy and equipment expenses 6,266 5,201 5,013
Outside data processing 5,210 4,395 4,057
Professional fees 784 664 762
Taxes, other than payroll, property and income 614 591 573
Write-downs, expenses, sales of other real estate owned, net 1,826 2,109 158
Loan collection expenses 435 403 312
FDIC insurance 840 866 928
Amortization of intangibles 1,139 853 818
Other expenses 4,274 3,773 3,798
Total non-interest expenses 41,193 35,804 34,490
Income before income taxes 18,944 19,349 20,320
Provision for income taxes 6,770 6,903 7,170
Net income 12,174 12,446 13,150
Preferred stock dividends and accretion 0 0 (598)
Net income available to common stockholders $ 12,174 $ 12,446 $ 12,552
Earnings per share:      
Basic (in dollars per share) $ 1.16 $ 1.38 $ 1.41
Diluted (in dollars per share) 1.15 1.35 1.33
Dividends per share (in dollars per share) $ 0.56 $ 0.51 $ 0.55