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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income        
Loans, including fees $ 13,469 $ 13,375 $ 41,667 $ 39,084
Securities available for sale        
Taxable 1,427 1,285 4,236 4,075
Tax-exempt 62 82 198 254
Federal funds sold and other 176 123 515 328
Total interest income 15,134 14,865 46,616 43,741
Interest expense        
Deposits 954 965 2,854 2,917
Repurchase agreements and other 7 10 21 28
FHLB advances 0 10 0 32
Other borrowings 68 101 234 321
Subordinated debt 74 63 218 181
Total interest expense 1,103 1,149 3,327 3,479
Net interest income 14,031 13,716 43,289 40,262
Provision for loan losses 891 312 2,033 1,436
Net interest income after provision for loan losses 13,140 13,404 41,256 38,826
Non-interest income        
Service charges on deposit accounts 1,136 1,031 3,201 2,975
Electronic banking income 811 791 2,424 2,355
Secondary market mortgage income 67 64 173 163
Other 163 176 530 571
Total non-interest income 2,177 2,062 6,328 6,064
Non-interest expenses        
Salaries and employee benefits 4,760 4,817 14,703 15,025
Occupancy and equipment expenses 1,511 1,635 4,481 4,697
Outside data processing 1,344 1,300 4,019 3,935
Professional fees 196 167 721 500
Taxes, other than payroll, property and income 189 156 589 473
Write-downs, expenses, sales of other real estate owned, net 346 765 1,139 1,402
Amortization of intangibles 252 278 768 862
FDIC insurance 159 278 506 752
Other expenses 1,168 1,212 3,401 3,674
Total non-interest expenses 9,925 10,608 30,327 31,320
Income before income taxes 5,392 4,858 17,257 13,570
Provision for income taxes 1,925 1,694 6,207 4,803
Net income $ 3,467 $ 3,164 $ 11,050 $ 8,767
Net income per share:        
Basic (in dollars per share) $ 0.33 $ 0.30 $ 1.04 $ 0.83
Diluted (in dollars per share) $ 0.32 $ 0.30 $ 1.03 $ 0.83