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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST INCOME        
Loans, including fees $ 8,983 $ 8,965 $ 17,904 $ 17,557
Securities:        
Taxable 782 785 1,590 1,594
Tax-exempt 161 221 340 452
Dividends 55 49 106 214
Other 29 25 34 39
Total Interest Income 10,010 10,045 19,974 19,856
INTEREST EXPENSE        
Deposits 570 533 1,128 1,032
Short-term borrowings 12 11 28 28
Long-term borrowings 398 445 781 899
Total Interest Expense 980 989 1,937 1,959
Net Interest Income 9,030 9,056 18,037 17,897
PROVISION FOR LOAN LOSSES 0 0 0 0
Net Interest Income after Provision for Loan Losses 9,030 9,056 18,037 17,897
OTHER INCOME        
Service charges on deposit accounts 575 584 1,103 1,110
Income from fiduciary activities 434 377 828 740
Earnings on investment in bank-owned life insurance 290 285 558 547
Net gains on sales or calls of securities 0 101 0 101
Gain on sales of premises and equipment 449 0 449 0
Service charges on ATM and debit card transactions 391 393 746 754
Commissions from insurance sales 1,328 1,227 2,431 2,280
Other 344 272 568 500
Total Other Income 3,811 3,239 6,683 6,032
OTHER EXPENSES        
Salaries and employee benefits 5,604 5,363 11,029 10,588
Net occupancy 502 521 1,072 1,124
Equipment 761 757 1,472 1,465
Other tax 193 236 390 397
Professional services 198 179 453 424
Supplies and postage 122 169 313 318
Marketing and corporate relations 151 127 268 205
FDIC and regulatory 174 162 351 329
Intangible assets amortization 86 85 174 167
Foreclosed real estate expenses 39 81 40 108
Other operating 982 861 1,759 1,640
Total Other Expenses 8,812 8,541 17,321 16,765
Income before Income Taxes 4,029 3,754 7,399 7,164
PROVISION FOR INCOME TAXES 1,047 944 1,870 1,811
Net Income $ 2,982 $ 2,810 $ 5,529 $ 5,353
PER SHARE DATA        
Basic earnings (in dollars per share) $ 0.49 $ 0.47 $ 0.91 $ 0.89
Cash dividends declared (in dollars per share) $ 0.2 $ 0.2 $ 0.4 $ 0.4