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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest Income      
Loans, including fees $ 28,182 $ 26,469 $ 23,777
Investment securities – AFS – taxable 825 722 901
Interest on deposits in FRB 458 213 277
Interest on deposits in other banks 8 6 7
Total interest income 29,473 27,410 24,962
Interest Expense      
Interest on deposits 1,167 1,056 1,104
Interest on other borrowings 242 225 241
Total interest expense 1,409 1,281 1,345
Net Interest Income Before Recovery of Provision for Credit Losses 28,064 26,129 23,617
Recovery of Provision for Credit Losses (21) (41) (845)
Net Interest Income after Recovery of Provision for Credit Losses 28,085 26,170 24,462
Noninterest Income      
Customer service fees 3,792 3,620 3,473
Increase in cash surrender value of bank owned life insurance 530 519 514
Loss on fair value of financial liability (518) (73) (102)
Gain on redemption of JR subordinated debentures 0 78 0
Gain on sale of premises and equipment 0 10 25
(Loss) gain on sale of other investment 0 (23) 691
Other 710 604 560
Total noninterest income 4,514 4,735 5,161
Noninterest Expense      
Salaries and employee benefits 10,628 9,921 9,653
Occupancy expense 4,222 4,042 3,760
Data processing 148 126 134
Professional fees 1,493 1,137 1,456
Regulatory assessments 767 959 943
Director fees 284 277 232
Amortization of intangibles 0 0 62
Correspondent bank service charges 77 75 117
Loss on California tax credit partnership 158 73 39
Net cost on operation and sale of OREO 263 619 571
Other 2,305 2,369 2,248
Total noninterest expense 20,345 19,598 19,215
Income Before Provision for Taxes 12,254 11,307 10,408
Provision for Taxes on Income 4,869 4,497 4,192
Net Income $ 7,385 $ 6,810 $ 6,216
Net Income per common share      
Basic (dollars per share) $ 0.44 $ 0.41 $ 0.37
Diluted (dollars per share) $ 0.44 $ 0.41 $ 0.37
Shares on which net income per common share were based      
Basic (in shares) 16,703,672 16,702,781 16,686,896
Diluted (in shares) 16,710,808 16,704,937 16,692,646