XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
INTEREST INCOME    
Interest and fees on loans $ 12,044 $ 9,550
Interest and dividends on investment securities:    
Taxable 1,021 827
Tax-exempt   2
Interest on deposits with other banks 38 68
Total interest income 13,103 10,447
INTEREST EXPENSE    
Interest on deposits 548 511
Interest on short-term borrowings 226 3
Total interest expense 774 514
NET INTEREST INCOME 12,329 9,933
Provision for credit losses 489 427
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 11,840 9,506
NONINTEREST INCOME    
Service charges on deposit accounts 905 834
Trust and investment fee income 400 361
Insurance agency commissions 2,694 2,819
Other noninterest income 930 793
Total noninterest income 4,929 4,807
NONINTEREST EXPENSE    
Salaries and wages 5,473 4,502
Employee benefits 1,517 1,240
Occupancy expense 781 625
Furniture and equipment expense 287 233
Data processing 897 872
Directors' fees 114 80
Amortization of other intangible assets 111 33
FDIC insurance premium expense 205 164
Other real estate owned expense, net (46) 65
Legal and professional 464 660
Other noninterest expenses 1,659 1,177
Total noninterest expense 11,462 9,651
INCOME BEFORE INCOME TAXES 5,307 4,662
Income tax expense 1,249 1,862
NET INCOME $ 4,058 $ 2,800
Basic net income per common share (in dollars per share) $ 0.32 $ 0.22
Diluted net income per common share (in dollars per share) 0.32 0.22
Dividends paid per common share (in dollars per share) $ 0.07 $ 0.05