XML 58 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest and Dividend Income        
Loans $ 9,008 $ 9,188 $ 17,932 $ 18,116
Securities:        
U.S. Government agencies and corporations 890 1,040 1,829 2,068
State and political subdivisions 294 310 510 613
Other debt and equity securities 67 67 134 184
Federal funds sold and short-term investments 2 7 5 24
Total interest income 10,261 10,612 20,410 21,005
Interest Expense        
Deposits 1,067 1,023 2,089 2,105
Federal Home Loan Bank advances 138 157 279 312
Short-term borrowings 6 27 6 53
Junior subordinated debentures 170 169 339 338
Total interest expense 1,381 1,376 2,713 2,808
Net Interest Income 8,880 9,236 17,697 18,197
Provision for Loan Losses (Note 5) 0 893 0 1,793
Net interest income after provision for loan losses 8,880 8,343 17,697 16,404
Noninterest Income        
Investment and trust services 450 456 872 856
Deposit service charges 777 849 1,545 1,619
Other service charges and fees 716 738 1,382 1,491
Income from bank owned life insurance 473 173 644 342
Other income (loss) (2) 106 96 257
Total fees and other income 2,414 2,322 4,539 4,565
Securities gains (loss), (Note 4) 0 (5) 192 (5)
Gains on sale of loans 704 890 1,364 1,593
Loss on sale of other assets, net 7 44 7 10
Total noninterest income 3,125 3,251 6,102 6,163
Noninterest Expense        
Salaries and employee benefits 4,589 4,510 9,236 9,105
Furniture and equipment 1,325 1,177 2,611 2,325
Net occupancy 593 603 1,202 1,216
Professional fees 411 426 855 920
Marketing and public relations 433 390 818 790
Supplies, postage and freight 154 218 415 432
Telecommunications 167 162 324 313
Ohio Financial Institutions Tax 210 223 420 447
Intangible asset amortization 34 34 67 67
FDIC assessments 232 261 455 533
Other real estate owned 28 37 35 61
Loan and collection expense 297 372 612 670
Other expense 422 385 1,034 778
Total noninterest expense 8,895 8,798 18,084 17,657
Income before income tax expense 3,110 2,796 5,715 4,910
Income tax expense 849 773 1,607 1,281
Net Income 2,261 2,023 4,108 3,629
Other comprehensive income, net of taxes:        
Changes in unrealized securities' holding gain (loss), net of taxes (1,570) 1,381 (808) 3,252
Less: reclassification adjustments for securities' gains realized in net income, net of taxes 0 (3) 127 (3)
Total other comprehensive income (loss), net of taxes (1,570) 1,384 (935) 3,255
Comprehensive Income 691 3,407 3,173 6,884
Net Income 2,261 2,023 4,108 3,629
Dividends and accretion on preferred stock 0 0 0 35
Net Income Available to Common Shareholders $ 2,261 $ 2,023 $ 4,108 $ 3,594
Net Income Per Common Share (Note 2)        
Basic (in dollars per share) $ 0.23 $ 0.21 $ 0.43 $ 0.37
Diluted (in dollars per share) 0.23 0.21 0.42 0.37
Dividends declared (in dollars per share) $ 0.03 $ 0.01 $ 0.06 $ 0.02
Average Common Shares Outstanding        
Basic (Shares) 9,650,490 9,626,420 9,645,215 9,620,806
Diluted (in shares) 9,751,825 9,643,892 9,741,560 9,637,814