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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income:      
Loans, including fees $ 18,005 $ 17,559 $ 14,645
Taxable securities 2,888 2,475 2,267
Tax-exempt securities 451 418 465
Other interest income 30 17 2
Total interest income 21,374 20,469 17,379
Interest expense:      
Deposits 2,129 1,811 1,677
Securities sold under agreements to repurchase 31 5 5
Short-term borrowings 295 94 63
Long-term debt 369 328 275
Other interest bearing liabilities 31 30 22
Total interest expense 2,855 2,268 2,042
Net interest income 18,519 18,201 15,337
Provision for loan losses 439 466 502
Net interest income after provision for loan losses 18,080 17,735 14,835
Non-interest income:      
Customer service fees 1,747 1,736 1,563
Debit card fee income 1,120 1,044 866
Earnings on bank-owned life insurance and annuities 352 371 378
Trust fees 446 454 396
Commissions from sales of non-deposit products 173 223 347
Income from unconsolidated subsidiary 167 222 238
Fees derived from loan activity 267 232 187
Mortgage banking income 214 158 190
Gain on sales and calls of securities 512 218 13
Gain on sales of loans   113  
Gain from life insurance proceeds   364 98
Other non-interest income 294 283 229
Total non-interest income 5,292 5,418 4,505
Non-interest expense:      
Employee compensation expense 7,159 6,883 6,095
Employee benefits 2,837 2,301 1,816
Occupancy 1,173 1,137 1,039
Equipment 711 661 519
Data processing expense 1,751 1,807 1,589
Director compensation 241 238 192
Professional fees 571 539 430
Taxes, other than income 463 437 368
FDIC Insurance premiums 334 375 318
Loss (gain) on sales of other real estate owned (8) 150 (14)
Amortization of intangibles 67 105 51
Amortization of investment in low-income housing partnership 612 479 479
Merger and acquisition expense 13 347 1,806
Other non-interest expense 1,851 1,719 1,511
Total non-interest expense 17,775 17,178 16,199
Income before income taxes 5,597 5,975 3,141
Provision for income taxes 1,060 819 83
Net income $ 4,537 $ 5,156 $ 3,058
Earnings per share      
Basic $ 0.95 $ 1.07 $ 0.72
Diluted 0.95 1.07 0.72
Cash dividends declared per share $ 0.88 $ 0.88 $ 0.88
Weighted average basic shares outstanding 4,765,165 4,801,245 4,240,319
Weighted average diluted shares outstanding 4,775,505 4,802,175 4,241,265