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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest Income        
Loans, Including Fees $ 9,754 $ 9,810 $ 28,884 $ 29,135
Deposits with Other Banks 52 18 166 79
Investment Securities        
U.S. Government Agencies 1,684 1,266 4,932 3,978
State, County and Municipal 27 30 87 97
Corporate Debt 23 59
Dividends on Other Investments 38 32 109 97
11,578 11,156 34,237 33,386
Interest Expense        
Deposits 1,191 1,187 3,559 3,580
Federal Funds Purchased 3
Borrowed Money 544 413 1,554 1,269
1,735 1,600 5,116 4,849
Net Interest Income 9,843 9,556 29,121 28,537
Provision for Loan Losses 354 335 1,062
Net Interest Income After Provision for Loan Losses 9,843 9,202 28,786 27,475
Noninterest Income        
Service Charges on Deposits 1,169 1,128 3,315 3,185
Other Service Charges, Commissions and Fees 741 686 2,300 2,104
Mortgage Fee Income 241 254 629 507
Securities Gains (Losses) 256 385
Other 273 313 974 980
2,424 2,637 7,218 7,161
Noninterest Expenses        
Salaries and Employee Benefits 4,802 4,726 14,467 13,825
Occupancy and Equipment 1,014 1,025 2,965 2,967
Other 2,564 2,903 7,976 8,451
8,380 8,654 25,408 25,243
Income Before Income Taxes 3,887 3,185 10,596 9,393
Income Taxes 1,265 927 3,424 2,907
Net Income 2,622 2,258 7,172 6,486
Preferred Stock Dividends 378 211 1,189
Net Income Available to Common Stockholders $ 2,622 $ 1,880 $ 6,961 $ 5,297
Net Income Per Share of Common Stock        
Basic (in dollars per share) $ 0.31 $ 0.22 $ 0.82 $ 0.63
Diluted (in dollars per share) 0.30 0.22 0.81 0.62
Cash Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.025 $ 0.075
Weighted Average Basic Shares Outstanding (in shares) 8,439,258 8,439,258 8,439,258 8,439,258
Weighted Average Diluted Shares Outstanding (in shares) 8,629,523 8,506,268 8,631,566 8,495,752