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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income    
Loans $ 13,801 $ 12,691
Loans held for sale 332 294
Securities available for sale, nontaxable 123  
Securities available for sale, taxable 1,935 2,861
Securities held to maturity, nontaxable 55  
Securities held to maturity, taxable 577  
Federal Home Loan Bank stock dividends 182 182
Other interest earning assets 15 6
Total interest income 17,020 16,034
Interest expense    
Deposits 1,612 1,533
Federal Home Loan Bank advances 530 305
Repurchase agreements and other 5 316
Total interest expense 2,147 2,154
Net interest income 14,873 13,880
Provision (recovery) for loan losses 2,155 (184)
Net interest income after provision for loan losses 12,718 14,064
Non-interest income    
Non-deposit investment income 300 292
Mortgage servicing fees 698 674
Deposit related fees 1,326 1,065
Mortgage servicing rights valuation (435) (161)
Mortgage servicing rights amortization (468) (443)
Other service fees 18 17
Net gains (losses):    
Securities available for sale (includes $153 and $11, respectively, accumulated other comprehensive income reclassifications for unrealized net gains on available for sale securities) 153 11
Mortgage banking income 1,382 1,553
Real estate owned and other repossessed assets, net (13) (90)
Card fees 881 816
Other income 816 384
Total non-interest income 4,658 4,118
Non-interest expense    
Salaries and employee benefits (includes $(278) and $0, respectively, accumulated other comprehensive income reclassifications from prior service credit on postretirement plan). 7,088 7,176
Occupancy 862 918
Equipment and data processing 1,835 1,672
Franchise tax 442 326
Advertising 127 142
Amortization of core deposit intangible 13 14
FDIC insurance premiums 326 326
Other insurance premiums 89 84
Legal and consulting fees 197 217
Other professional fees 70 376
Real estate owned and other repossessed asset expenses 72 141
Other expenses 1,343 1,289
Total non-interest expenses 12,464 12,681
Income before income taxes 4,912 5,501
Income tax expense (includes $151 and $4 income tax expense from reclassification items) 1,592 1,815
Net income 3,320 3,686
Other comprehensive income    
Unrealized gain on securities, available for sale, net of reclassifications and tax of $3,460 and $2,094, respectively 6,429 3,890
Accretion of unrealized losses on securities transferred from available for sale to held to maturity, net of tax of $18 and $0, respectively 34  
Accretion of unrecognized actuarial gains and amortization of prior service credit on postretirement plan, net of tax of $(97) and $0, respectively recognized in net income (181)  
Total other comprehensive income 6,282 3,890
Comprehensive income $ 9,602 $ 7,576
Earnings per share    
Basic $ 0.07 $ 0.07
Diluted $ 0.07 $ 0.07