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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and dividend income:        
Loans, including fees $ 12,321 $ 12,096 $ 24,567 $ 23,999
Taxable securities 1,281 1,164 2,718 2,253
Tax exempt securities 240 239 494 458
Interest-bearing deposits 83 20 95 43
Total interest and dividend income 13,925 13,519 27,874 26,753
Interest expense        
Deposits 539 492 1,046 978
Securities sold under agreements to repurchase 211 212 422 421
Borrowed funds 207 168 413 365
Total interest expense 957 872 1,881 1,764
Net interest income 12,968 12,647 25,993 24,989
Provision for loan losses 388 259 983 649
Net interest income after provision for loan losses 12,580 12,388 25,010 24,340
Non-interest income:        
WMG fee income 2,201 2,198 4,213 4,324
Service charges on deposit accounts 1,285 1,224 2,420 2,362
Interchange revenue from debit card transactions 939 859 1,832 1,668
Net gains on securities transactions 0 252 908 302
Net gains on sales of loans held for sale 97 98 158 150
Net gains (losses) on sales of other real estate owned (11) 42 (16) 120
Income from bank owned life insurance 18 19 36 37
Other 687 634 1,266 1,549
Total non-interest income 5,216 5,326 10,817 10,512
Non-interest expenses:        
Salaries and wages 5,182 5,188 10,365 10,288
Pension and other employee benefits 1,646 1,557 3,321 3,286
Net occupancy expenses 1,878 1,757 3,784 3,607
Furniture and equipment expenses 829 789 1,601 1,522
Data processing expense 1,720 1,552 3,434 3,113
Professional services 575 420 916 689
Amortization of intangible assets 245 285 503 589
Marketing and advertising expenses 325 271 547 506
Other real estate owned expenses 57 224 109 308
FDIC insurance 277 280 571 566
Loan expense 188 175 300 315
Other 2,648 1,325 4,127 2,770
Total non-interest expenses 15,570 13,823 29,578 27,559
Income before income tax expense 2,226 3,891 6,249 7,293
Income tax expense 605 1,314 1,921 2,440
Net income $ 1,621 $ 2,577 $ 4,328 $ 4,853
Weighted average shares outstanding (shares) 4,760 4,717 4,754 4,712
Basic and diluted earnings per share (in dollars per share) $ 0.34 $ 0.55 $ 0.91 $ 1.03