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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and dividend income:    
Loans, including fees $ 12,499 $ 12,246
Taxable securities 1,422 1,437
Tax exempt securities 238 254
Interest-bearing deposits 155 12
Total interest and dividend income 14,314 13,949
Interest expense:    
Deposits 538 507
Securities sold under agreements to repurchase 193 211
Borrowed funds 89 206
Total interest expense 820 924
Net interest income 13,494 13,025
Provision for loan losses 1,040 595
Net interest income after provision for loan losses 12,454 12,430
Non-interest income:    
WMG fee income 2,109 2,012
Service charges on deposit accounts 1,184 1,135
Interchange revenue from debit card transactions 920 893
Net gains on securities transactions 0 908
Net gains on sales of loans held for sale 69 61
Net gains (losses) on sales of other real estate owned 17 (5)
Income from bank-owned life insurance 17 18
Other 531 579
Total non-interest income 4,847 5,601
Non-interest expenses:    
Salaries and wages 5,275 5,183
Pension and other employee benefits 1,218 1,675
Net occupancy expenses 1,606 1,906
Furniture and equipment expenses 682 772
Data processing expense 1,604 1,714
Professional services 300 341
Amortization of intangible assets 226 258
Marketing and advertising expenses 249 222
Other real estate owned expenses 19 52
FDIC insurance 325 294
Loan expense 116 112
Other 1,425 1,479
Total non-interest expenses 13,045 14,008
Income before income tax expense 4,256 4,023
Income tax expense 1,277 1,316
Net income $ 2,979 $ 2,707
Weighted average shares outstanding (shares) 4,790 4,750
Basic and diluted earnings per share (in dollars per share) $ 0.62 $ 0.57