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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and dividend income:        
Loans, including fees $ 8,135,000 $ 8,150,000 $ 17,062,000 $ 17,049,000
Securities        
Taxable 491,000 453,000 979,000 902,000
Tax exempt 112,000 134,000 226,000 273,000
Dividends 73,000 72,000 147,000 146,000
Other Interest 102,000 57,000 269,000 123,000
8,913,000 8,866,000 18,683,000 18,493,000
Interest expense:        
Deposits 510,000 555,000 1,008,000 1,090,000
Other borrowed funds 147,000 120,000 272,000 241,000
Subordinated debentures 50,000 42,000 97,000 83,000
707,000 717,000 1,377,000 1,414,000
Net interest income 8,206,000 8,149,000 17,306,000 17,079,000
Provision for loan losses 141,000 799,000 620,000 721,000
Net interest income after provision for loan losses 8,065,000 7,350,000 16,686,000 16,358,000
Noninterest income:        
Service charges on deposit accounts 434,000 393,000 839,000 746,000
Trust fees 56,000 57,000 116,000 115,000
Income from bank owned life insurance and annuity assets 191,000 138,000 400,000 314,000
Mortgage banking income 61,000 55,000 118,000 114,000
Electronic refund check / deposit fees 270,000 255,000 2,024,000 2,350,000
Debit / credit card interchange income 625,000 627,000 1,211,000 1,165,000
Gain (loss) on other real estate owned 13,000 45,000 8,000 60,000
Gain on sale of securities 0 135,000 0 135,000
Other 211,000 212,000 380,000 407,000
1,861,000 1,917,000 5,096,000 5,406,000
Noninterest expense:        
Salaries and employee benefits 4,528,000 4,426,000 9,098,000 8,826,000
Occupancy 405,000 388,000 834,000 790,000
Furniture and equipment 201,000 194,000 386,000 372,000
Professional fees 341,000 353,000 678,000 709,000
Marketing expense 248,000 234,000 495,000 469,000
FDIC insurance 148,000 132,000 297,000 298,000
Data processing 336,000 362,000 689,000 730,000
Software 302,000 262,000 594,000 509,000
Foreclosed assets 121,000 62,000 186,000 97,000
Merger related expenses 134,000 361,000
Other 1,009,000 1,141,000 2,124,000 2,181,000
7,773,000 7,554,000 15,742,000 14,981,000
Income before income taxes 2,153,000 1,713,000 6,040,000 6,783,000
Provision for income taxes 447,000 303,000 1,502,000 1,749,000
NET INCOME $ 1,706,000 $ 1,410,000 $ 4,538,000 $ 5,034,000
Earnings per share (in dollars per share) $ 0.41 $ 0.34 $ 1.10 $ 1.22