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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest and dividend income:        
Loans, including fees $ 9,085 $ 8,323 $ 26,147 $ 25,372
Securities        
Taxable 486 463 1,465 1,365
Tax exempt 111 130 337 403
Dividends 75 73 222 219
Other Interest 67 27 336 150
9,824 9,016 28,507 27,509
Interest expense:        
Deposits 597 569 1,605 1,659
Other borrowed funds 190 119 462 360
Subordinated debentures 52 43 149 126
839 731 2,216 2,145
Net interest income 8,985 8,285 26,291 25,364
Provision for loan losses 1,708 (11) 2,328 710
Net interest income after provision for loan losses 7,277 8,296 23,963 24,654
Noninterest income:        
Service charges on deposit accounts 575 415 1,414 1,161
Trust fees 58 52 174 167
Income from bank owned life insurance and annuity assets 175 172 575 486
Mortgage banking income 44 77 162 191
Electronic refund check / deposit fees 13 12 2,037 2,362
Debit / credit card interchange income 653 604 1,864 1,769
Gain (loss) on other real estate owned (8) 60
Gain on sale of securities 28 163
Other 183 224 563 631
1,693 1,584 6,789 6,990
Noninterest expense:        
Salaries and employee benefits 5,032 4,556 14,130 13,382
Occupancy 466 404 1,300 1,194
Furniture and equipment 285 192 671 564
Professional fees 342 347 1,020 1,056
Marketing expense 249 232 744 701
FDIC insurance 81 144 378 442
Data processing 380 323 1,069 1,053
Software 368 304 962 813
Foreclosed assets 61 74 247 171
Merger related expenses 416 777
Other 1,148 1,151 3,272 3,332
8,828 7,727 24,570 22,708
Income before income taxes 142 2,153 6,182 8,936
Provision for income taxes (216) 511 1,286 2,260
NET INCOME $ 358 $ 1,642 $ 4,896 $ 6,676
Earnings per share (in dollars per share) $ 0.08 $ 0.40 $ 1.15 $ 1.62