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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest and Dividend Income      
Loans receivable $ 44,190 $ 43,522 $ 44,028
Investment securities 7,090 7,036 7,107
Federal Home Loan Bank stock 482 603 503
Deposits with financial institutions 14 17 29
Total interest and dividend income 51,776 51,178 51,667
Interest Expense      
Deposits 5,259 6,128 9,337
Federal Home Loan Bank advances 3,063 2,225 1,284
Other 481 570 603
Total interest expense 8,803 8,923 11,224
Net Interest Income 42,973 42,255 40,443
Provision for loan losses 125 850 1,300
Net Interest Income After Provision for Loan Losses 42,848 41,405 39,143
Non-interest Income      
Service fee income 5,947 5,995 5,989
Net realized gain on sales of available-for-sale securities 436 313 835
Commissions 4,603 4,868 4,354
Net gains on sales of loans 4,176 1,849 852
Net servicing fees 274 114 556
Increase in cash value of life insurance 1,184 1,158 1,396
Loss on sale of other real estate and repossessed assets (111) (53) (320)
Other income 630 641 401
Total non-interest income 17,139 14,885 14,063
Non-interest Expenses      
Salaries and employee benefits 25,526 23,560 22,492
Net occupancy expenses 2,260 2,258 2,087
Equipment expenses 1,831 1,872 1,837
Data processing fees 1,746 1,558 1,431
Advertising and promotion 1,193 1,497 1,464
ATM and debit card expenses 1,436 1,320 1,132
Deposit insurance 897 1,019 1,145
Professional fees 1,695 1,628 1,394
Software subscriptions and maintenance 1,749 1,652 1,452
Other real estate and repossessed assets 374 631 773
Other expenses 4,440 4,383 4,480
Total non-interest expenses 43,147 41,378 39,687
Income Before Income Tax 16,840 14,912 13,519
Income tax expense 4,578 3,866 4,136
Net Income 12,262 11,046 9,383
Preferred stock dividends and accretion     1,257
Net Income Available to Common Shareholders $ 12,262 $ 11,046 $ 8,126
Earnings Per Share      
Basic $ 1.66 $ 1.54 $ 1.15
Diluted 1.62 1.49 1.12
Dividends per common share $ 0.48 $ 0.32 $ 0.24