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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 16,483 $ 15,270
Taxable securities 1,118 1,437
Tax exempt securities 1,071 889
Dividends 115 113
Federal funds sold and other interest income 63 38
TOTAL INTEREST AND DIVIDEND INCOME 18,850 17,747
INTEREST EXPENSE    
Deposits 914 707
Short-term borrowings 327 175
Long-term borrowings 78 118
TOTAL INTEREST EXPENSE 1,319 1,000
NET INTEREST INCOME 17,531 16,747
Provision for loan losses 1,050 780
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 16,481 15,967
NONINTEREST INCOME    
Service charges on deposit accounts 951 935
Bank owned life insurance income 201 212
Trust fees 1,678 1,496
Insurance agency commissions 674 139
Security gains 13 0
Retirement plan consulting fees 513 489
Investment commissions 222 236
Net gains on sale of loans 607 402
Debit card and EFT fees 653 626
Other operating income 375 411
TOTAL NONINTEREST INCOME 5,887 4,946
NONINTEREST EXPENSES    
Salaries and employee benefits 8,287 7,554
Occupancy and equipment 1,587 1,664
State and local taxes 417 393
Professional fees 747 529
Merger related costs 62 289
Advertising 244 345
FDIC insurance 235 283
Intangible amortization 365 337
Core processing charges 655 638
Telephone and data 241 216
Other operating expenses 1,773 2,196
TOTAL NONINTEREST EXPENSES 14,613 14,444
INCOME BEFORE INCOME TAXES 7,755 6,469
INCOME TAXES 1,972 1,671
NET INCOME $ 5,783 $ 4,798
EARNINGS PER SHARE - basic and diluted $ 0.21 $ 0.18