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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest Income    
Interest and fees on loans $ 7,532 $ 7,453
Interest on interest-bearing deposits 172 148
Interest on securities – taxable 1,608 1,402
Interest on securities – nontaxable 1,172 1,235
Total interest income 10,484 10,238
Interest Expense    
Interest on time deposits 121 145
Interest on other deposits 960 883
Total interest expense 1,081 1,028
Net interest income 9,403 9,210
Provision for (recovery of) loan losses (472) 59
Net interest income after provision for (recovery of) loan losses 9,875 9,151
Noninterest Income:    
Noninterest Income 1,540 1,459
BOLI income 228 143
Other income 346 328
Total noninterest income 2,023 1,850
Noninterest Expense    
Salaries and employee benefits 3,694 3,523
Occupancy and furniture and fixtures 472 438
Data processing and ATM 733 566
FDIC assessment 91 95
Intangible assets amortization 12 31
Net costs of other real estate owned 85 29
Franchise taxes 331 322
Write-down of insurance receivable 1,724
Other operating expenses 1,022 1,279
Total noninterest expense 8,164 6,283
Income before income taxes 3,734 4,718
Income tax expense 438 1,069
Net Income $ 3,296 $ 3,649
Basic net income per common share (in dollars per share) $ 470 $ 520
Fully diluted net income per common share (in dollars per share) $ 0.47 $ 0.52
Weighted average number of common shares outstanding – basic and diluted (in shares) 6,957,974 6,957,974
Dividends declared per common share (in dollars per share)
Deposit Account [Member]    
Noninterest Income:    
Noninterest Income $ 670 $ 665
Product and Service, Other [Member]    
Noninterest Income:    
Noninterest Income 33 69
Credit and Debit Card [Member]    
Noninterest Income:    
Noninterest Income 344 244
Fiduciary and Trust [Member]    
Noninterest Income:    
Noninterest Income $ 402 $ 401