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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest and Dividend Income      
Loans receivable $ 46,785 $ 44,190 $ 43,522
Investment securities 6,500 7,090 7,036
Federal Home Loan Bank stock 441 482 603
Deposits with financial institutions 76 14 17
Total interest and dividend income 53,802 51,776 51,178
Interest Expense      
Deposits 5,296 5,259 6,128
Federal Home Loan Bank advances 3,604 3,063 2,225
Other 347 481 570
Total interest expense 9,247 8,803 8,923
Net Interest Income 44,555 42,973 42,255
Provision for loan losses 850 125 850
Net Interest Income After Provision for Loan Losses 43,705 42,848 41,405
Non-interest Income      
Service fee income 6,124 5,947 5,995
Net realized gain on sales of available for sale securities 1,023 436 313
Commissions 5,049 4,603 4,868
Net gains on sales of loans 4,761 4,176 1,849
Net servicing fees 332 274 114
Increase in cash value of life insurance 1,159 1,184 1,158
Loss on sale of other real estate and repossessed assets (210) (111) (53)
Other income 1,184 630 641
Total non-interest income 19,422 17,139 14,885
Non-interest Expenses      
Salaries and employee benefits 27,427 25,526 23,560
Net occupancy expenses 2,308 2,260 2,258
Equipment expenses 1,818 1,831 1,872
Data processing fees 1,991 1,746 1,558
ATM and debit card expenses 1,536 1,436 1,320
Deposit insurance 788 897 1,019
Professional fees 1,807 1,695 1,628
Advertising and promotion 1,204 1,193 1,497
Software subscriptions and maintenance 2,117 1,749 1,652
Other real estate and repossessed assets 73 374 631
Other expenses 4,431 4,440 4,383
Total non-interest expenses 45,500 43,147 41,378
Income Before Income Tax 17,627 16,840 14,912
Income tax expense 4,386 4,578 3,866
Net Income $ 13,241 $ 12,262 $ 11,046
Earnings Per Common Share      
Basic $ 1.79 $ 1.66 $ 1.54
Diluted 1.76 1.62 1.49
Dividends Per Common Share $ 0.58 $ 0.48 $ 0.32