XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and Dividend Income:    
Interest and fees on loans $ 12,704 $ 12,115
Interest and dividends on securities:    
Taxable 1,154 1,084
Tax-exempt 635 823
Dividends 79 91
Other interest income 109 58
Total interest and dividend income 14,681 14,171
Interest Expense:    
Interest on deposits 1,200 1,297
Interest on short-term borrowings 28 1
Interest on long-term borrowings 80 81
Interest on junior subordinated debt 239 208
Total interest expense 1,547 1,587
Net Interest Income 13,134 12,584
Provision for Loan Losses 300 50
Net Interest Income After Provision for Loan Losses 12,834 12,534
Noninterest Income:    
Trust fees 912 930
Service charges on deposit accounts 484 492
Other fees and commissions 712 672
Mortgage banking income 529 292
Securities gains, net 259 366
Brokerage fees 192 204
Income from Small Business Investment Companies 26 166
Other 157 175
Total noninterest income 3,271 3,297
Noninterest Expense:    
Salaries 4,799 4,215
Employee benefits 1,183 1,114
Occupancy and equipment 1,068 1,099
FDIC assessment 129 188
Bank franchise tax 256 256
Core deposit intangible amortization 165 288
Data processing 487 444
Software 279 297
Other real estate owned, net 43 104
Other 2,032 1,913
Total noninterest expense 10,441 9,918
Income Before Income Taxes 5,664 5,913
Income Taxes 1,601 1,785
Net Income $ 4,063 $ 4,128
Net Income Per Common Share:    
Basic (in dollars per share) $ 0.47 $ 0.48
Diluted (in dollars per share) $ 0.47 $ 0.48
Average Common Shares Outstanding:    
Basic (in shares) 8,633,219 8,611,840
Diluted (in shares) 8,651,139 8,617,008