XML 49 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest and dividend income        
Interest and fees on loans $ 5,962 $ 5,900 $ 17,553 $ 17,490
Interest on debt securities:        
Taxable 242 196 714 607
Tax exempt 109 96 322 268
Dividends 16 24 40 55
Interest on federal funds sold and overnight deposits 1 6 13 14
Interest on interest bearing deposits in banks 43 36 124 120
Total interest and dividend income 6,373 6,258 18,766 18,554
Interest expense        
Interest on deposits 375 424 1,285 1,317
Interest on borrowed funds 86 104 262 317
Total interest expense 461 528 1,547 1,634
Net interest income 5,912 5,730 17,219 16,920
Provision for loan losses 150 150 400 300
Net interest income after provision for loan losses 5,762 5,580 16,819 16,620
Noninterest income        
Trust income 171 183 538 549
Service fees 1,439 1,424 4,133 3,981
Net gains on sales of investment securities available-for-sale 41 234 41 296
Net gains on sales of loans held for sale 700 653 2,214 1,594
Other income 182 215 468 368
Total noninterest income 2,533 2,709 7,394 6,788
Noninterest expenses        
Salaries and wages 2,426 2,253 7,080 6,694
Pension and employee benefits 739 692 2,242 2,062
Occupancy expense, net 293 272 986 906
Equipment expense 479 436 1,346 1,233
Other expenses 1,737 1,899 4,966 5,122
Total noninterest expenses 5,674 5,552 16,620 16,017
Income before provision for income taxes 2,621 2,737 7,593 7,391
Provision for income taxes 571 611 1,642 1,582
Net income $ 2,050 $ 2,126 $ 5,951 $ 5,809
Earnings per common share $ 0.45 $ 0.47 $ 1.33 $ 1.30
Weighted average number of common shares outstanding 4,458,345 4,458,422 4,458,323 4,458,380
Dividends per common share $ 0.27 $ 0.26 $ 0.81 $ 0.78