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Consolidated Statements of Earnings - 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 $ 5,172 $ 5,217 $ 10,268 $ 10,223
Securities - Taxable 775 949 1,673 1,989
Securities - Tax-exempt 623 654 1,248 1,305
Federal funds sold and interest bearing bank deposits 156 51 282 90
Total interest income 6,726 6,871 13,471 13,607
Interest expense:        
Deposits 967 1,020 1,948 2,122
Short-term borrowings 3 4 7 10
Long-term debt interest expense 64 59 127 164
Total interest expense 1,034 1,083 2,082 2,296
Net interest income 5,692 5,788 11,389 11,311
Provision for loan losses 0 0 (600) 0
Net interest income after provision for loan losses 5,692 5,788 11,989 11,311
Noninterest income:        
Service charges on deposit accounts 193 209 391 415
Mortgage lending 315 457 494 791
Bank-owned life insurance income 113 112 225 513
Other noninterest income 372 389 717 766
Securities gains, net 0 0 0 3
Total noninterest income 993 1,167 1,827 2,488
Noninterest expense:        
Salaries and benefits 2,446 2,291 4,851 4,559
Net occupancy and equipment 358 362 718 720
Professional fees 194 218 405 419
FDIC and other regulatory assessments 122 118 244 243
Other real estate owned, net (43) 1 (23) 18
Prepayment penalties on long-term debt 0 0 0 362
Other noninterest expense 944 1,039 1,935 2,022
Total noninterest expense 4,021 4,029 8,130 8,343
Earnings before income taxes 2,664 2,926 5,686 5,456
Income tax expense 733 776 1,564 1,444
Net earnings $ 1,931 $ 2,150 $ 4,122 $ 4,012
Net earnings per share:        
Basic and diluted earnings per share $ 0.53 $ 0.59 $ 1.13 $ 1.1
Weighted average shares outstanding:        
Basic and diluted weighted average shares outstanding 3,643,503 3,643,413 3,643,493 3,643,389