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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME        
Interest and fees on loans $ 10,441 $ 9,117 $ 19,991 $ 18,078
Interest and dividends on investment securities:        
Taxable 937 824 1,764 1,694
Tax-exempt 1 2 3 4
Interest on federal funds sold   2   5
Interest on deposits with other banks 70 58 138 130
Total interest income 11,449 10,003 21,896 19,911
INTEREST EXPENSE        
Interest on deposits 538 617 1,049 1,278
Interest on short-term borrowings 11 3 14 7
Total interest expense 549 620 1,063 1,285
NET INTEREST INCOME 10,900 9,383 20,833 18,626
Provision for credit losses 974 375 1,401 825
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 9,926 9,008 19,432 17,801
NONINTEREST INCOME        
Service charges on deposit accounts 878 870 1,712 1,683
Trust and investment fee income 372 364 733 715
Insurance agency commissions 2,032 1,941 4,851 4,700
Other noninterest income 897 866 1,690 1,484
Total noninterest income 4,179 4,041 8,986 8,582
NONINTEREST EXPENSE        
Salaries and wages 4,803 4,422 9,305 8,899
Employee benefits 1,127 964 2,367 2,078
Occupancy expense 629 583 1,254 1,196
Furniture and equipment expense 284 248 517 483
Data processing 1,015 854 1,887 1,663
Directors’ fees 102 131 182 235
Amortization of other intangible assets 55 33 88 66
FDIC insurance premium expense 45 268 209 550
Other real estate owned expense, net 108 66 163 73
Legal and professional fees 702 609 1,362 994
Other noninterest expenses 1,329 1,187 2,516 2,467
Total noninterest expense 10,199 9,365 19,850 18,704
INCOME BEFORE INCOME TAXES 3,906 3,684 8,568 7,679
Income tax expense 1,554 1,412 3,416 2,947
NET INCOME $ 2,352 $ 2,272 $ 5,152 $ 4,732
Basic net income per common share (in dollars per share) $ 0.19 $ 0.18 $ 0.41 $ 0.37
Diluted net income per common share (in dollars per share) 0.19 0.18 0.41 0.37
Dividends paid per common share (in dollars per share) $ 0.05 $ 0.03 $ 0.10 $ 0.06