XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST INCOME        
Interest and fees on loans $ 8,543 $ 8,014 $ 16,773 $ 16,257
Interest and dividends on securities        
Taxable 1,992 1,792 4,065 3,698
Tax-exempt 440 449 892 910
Dividends 87 66 156 125
Interest on deposits with other banks and federal funds sold 40 31 88 61
Total interest and dividend income 11,102 10,352 21,974 21,051
INTEREST EXPENSE        
Interest on deposits 890 848 1,761 1,703
Interest on securities sold under agreements to repurchase 0 17 1 62
Interest on FHLB borrowings and other debt 243 174 494 342
Total interest expense 1,133 1,039 2,256 2,107
NET INTEREST INCOME 9,969 9,313 19,718 18,944
Provision for (recovery of) loan losses 50 (425) 350 25
NET INTEREST INCOME AFTER PROVISION FOR (RECOVERY OF) LOAN LOSSES 9,919 9,738 19,368 18,919
NON-INTEREST INCOME        
Service charges on deposit accounts 286 270 565 528
Trust services income 1,132 1,243 2,290 2,461
ATM fee income, net 211 213 375 384
Gains (losses) on sales of loans held for sale, net 3 (6) 12 (6)
Gains on sales of securities available for sale, net 210 37 373 138
Commissions on investment sales 152 155 284 283
Bank owned life insurance 163 163 323 323
Other operating income 213 163 356 982
Total non-interest income 2,370 2,238 4,578 5,093
NON-INTEREST EXPENSE        
Salaries and employee benefits 4,613 4,973 9,425 9,821
Occupancy and equipment 1,261 1,305 2,675 2,731
Amortization 209 160 418 319
Computer operations 598 522 1,318 1,012
Other real estate owned, net (11) 25 156 92
Other taxes 237 231 472 454
Federal deposit insurance 216 184 391 395
Audits and exams 165 203 317 316
Other operating expenses 1,463 1,278 2,593 2,488
Total non-interest expense 8,751 8,881 17,765 17,628
Income before income taxes 3,538 3,095 6,181 6,384
Income tax expense 885 815 1,473 1,656
NET INCOME $ 2,653 $ 2,280 $ 4,708 $ 4,728
Earnings per share:        
Basic (in dollars per share) $ 0.37 $ 0.32 $ 0.66 $ 0.66
Diluted (in dollars per share) $ 0.37 $ 0.32 $ 0.66 $ 0.66