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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest and dividend income:        
Loans, including fees $ 8,150 $ 8,223 $ 17,049 $ 17,037
Securities        
Taxable 453 445 902 851
Tax exempt 134 139 273 275
Dividends 72 80 146 166
Other Interest 57 38 123 104
8,866 8,925 18,493 18,433
Interest expense:        
Deposits 555 578 1,090 1,151
Other borrowed funds 120 119 241 231
Subordinated debentures 42 41 83 82
717 738 1,414 1,464
Net interest income 8,149 8,187 17,079 16,969
Provision for loan losses 799 1,386 721 1,880
Net interest income after provision for loan losses 7,350 6,801 16,358 15,089
Noninterest income:        
Service charges on deposit accounts 393 395 746 786
Trust fees 57 59 115 114
Income from bank owned life insurance and annuity assets 138 171 314 330
Mortgage banking income 55 57 114 115
Electronic refund check / deposit fees 255 414 2,350 3,062
Debit / credit card interchange income 627 548 1,165 1,052
Gain (loss) on other real estate owned 45 4 60 (8)
Gain on sale of securities 135   135  
Gain on sale of ProAlliance Corporation       135
Other 212 264 407 444
1,917 1,912 5,406 6,030
Noninterest expense:        
Salaries and employee benefits 4,426 4,235 8,826 8,612
Occupancy 388 391 790 789
Furniture and equipment 194 152 372 332
FDIC insurance 132 113 298 240
Data processing 362 293 730 614
Foreclosed assets 62 41 97 102
Other 1,990 1,772 3,868 3,603
7,554 6,997 14,981 14,292
Income before income taxes 1,713 1,716 6,783 6,827
Provision for income taxes 303 372 1,749 1,919
NET INCOME $ 1,410 $ 1,344 $ 5,034 $ 4,908
Earnings per share (in Dollars per share) $ 0.34 $ 0.33 $ 1.22 $ 1.20