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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest and Dividend Income      
Loans receivable $ 51,231 $ 46,785 $ 44,190
Investment securities 7,037 6,500 7,090
Federal Home Loan Bank stock 470 441 482
Deposits with financial institutions 130 76 14
Total interest and dividend income 58,868 53,802 51,776
Interest Expense      
Deposits 6,815 5,296 5,259
Federal Home Loan Bank advances 3,604 3,604 3,063
Other 192 347 481
Total interest expense 10,611 9,247 8,803
Net Interest Income 48,257 44,555 42,973
Provision for loan losses 1,220 850 125
Net Interest Income After Provision for Loan Losses 47,037 43,705 42,848
Non-interest Income      
Service fee income 6,584 6,124 5,947
Net realized gain on sales of available for sale securities 708 1,023 436
Commissions 5,027 5,049 4,603
Net gains on sales of loans 3,887 4,761 4,176
Net servicing fees 391 332 274
Increase in cash value of life insurance 1,113 1,159 1,184
Loss on sale of other real estate and repossessed assets (122) (210) (111)
Other income 488 1,184 630
Total non-interest income 18,076 19,422 17,139
Non-interest Expenses      
Salaries and employee benefits 27,229 27,427 25,526
Net occupancy expenses 3,133 2,308 2,260
Equipment expenses 1,773 1,818 1,831
Data processing fees 2,321 1,991 1,746
ATM and debit card expenses 1,676 1,536 1,436
Deposit insurance 724 788 897
Professional fees 1,855 1,807 1,695
Advertising and promotion 1,223 1,204 1,193
Software subscriptions and maintenance 2,202 2,117 1,749
Other real estate and repossessed assets 165 73 374
Other expenses 3,704 4,431 4,440
Total non-interest expenses 46,005 45,500 43,147
Income Before Income Tax 19,108 17,627 16,840
Income tax expense 6,793 4,386 4,578
Net Income $ 12,315 $ 13,241 $ 12,262
Earnings Per Common Share      
Basic $ 1.67 $ 1.79 $ 1.66
Diluted 1.64 1.76 1.62
Dividends Per Common Share $ 0.66 $ 0.58 $ 0.48