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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 5,907 $ 5,042 $ 16,940 $ 14,750
Taxable securities 599 634 1,796 2,032
Nontaxable securities 171 163 509 482
Other 89 24 180 73
Total interest and dividend income 6,766 5,863 19,425 17,337
INTEREST EXPENSE        
Deposits 368 249 942 758
Short-term borrowings 49 19 106 55
Other borrowings 145 98 361 296
Total interest expense 562 366 1,409 1,109
NET INTEREST INCOME 6,204 5,497 18,016 16,228
PROVISION FOR LOAN LOSSES 280 164 965 493
Net interest income, after provision for loan losses 5,924 5,333 17,051 15,735
NONINTEREST INCOME        
Service charges on deposit accounts 287 301 847 867
Trust services 122 213 481 657
Debit card interchange fees 298 270 882 803
Gain on sale of loans, net 94 71 197 221
Earnings on bank owned life insurance 86 70 270 207
Securities gains   1   1
Other income 167 169 543 428
Total noninterest income 1,054 1,095 3,220 3,184
NONINTEREST EXPENSES        
Salaries and employee benefits 2,531 2,319 7,462 6,945
Occupancy expense 236 229 660 707
Equipment expense 143 170 485 513
Professional and director fees 257 221 660 584
Financial institutions and franchise tax expense 131 107 394 320
Marketing and public relations 91 94 259 322
Software expense 219 203 633 587
Debit card expense 139 120 410 338
Amortization of intangible assets 29 30 87 91
FDIC insurance expense 58 57 160 222
Other expenses 452 444 1,410 1,416
Total noninterest expenses 4,286 3,994 12,620 12,045
Income before income taxes 2,692 2,434 7,651 6,874
FEDERAL INCOME TAX PROVISION 826 740 2,329 2,089
NET INCOME $ 1,866 $ 1,694 $ 5,322 $ 4,785
Basic and diluted net earnings per share $ 0.68 $ 0.61 $ 1.94 $ 1.74