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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
INTEREST INCOME        
Interest and fees on loans $ 8,624 $ 8,227 $ 25,397 $ 24,484
Interest and dividends on securities        
Taxable 1,585 1,938 5,650 5,636
Tax-exempt 411 444 1,303 1,354
Dividends 82 71 238 196
Interest on deposits with other banks and federal funds sold 35 23 123 84
Total interest and dividend income 10,737 10,703 32,711 31,754
INTEREST EXPENSE        
Interest on deposits 909 877 2,670 2,580
Interest on securities sold under agreements to repurchase 1 2 2 64
Interest on FHLB borrowings and other debt 210 165 704 507
Total interest expense 1,120 1,044 3,376 3,151
NET INTEREST INCOME 9,617 9,659 29,335 28,603
Provision for (recovery of) loan losses (297) (432) 53 (407)
NET INTEREST INCOME AFTER PROVISION FOR (RECOVERY OF) LOAN LOSSES 9,914 10,091 29,282 29,010
NON-INTEREST INCOME        
Service charges on deposit accounts 303 275 868 803
Trust services income 1,168 1,168 3,458 3,629
ATM fee income, net 190 209 565 593
Gains on sales of loans held for sale, net 11 9 23 3
Gains on sales of securities available for sale, net 138 0 511 138
Commissions on investment sales 133 132 417 415
Bank owned life insurance 165 166 488 489
Other operating income 136 212 492 1,194
Total non-interest income 2,244 2,171 6,822 7,264
NON-INTEREST EXPENSE        
Salaries and employee benefits 4,727 4,793 14,152 14,544
Occupancy and equipment 1,262 1,323 3,937 4,054
Amortization 210 160 628 478
Computer operations 605 524 1,923 1,536
Other real estate owned, net 183 193 339 285
Other taxes 237 230 709 684
Federal deposit insurance 215 188 606 583
Audits and exams 136 156 453 472
Other operating expenses 1,599 1,524 4,192 4,083
Total non-interest expense 9,174 9,091 26,939 26,719
Income before income taxes 2,984 3,171 9,165 9,555
Income tax expense 720 850 2,193 2,506
NET INCOME $ 2,264 $ 2,321 $ 6,972 $ 7,049
Earnings per share:        
Basic (in dollars per share) $ 0.32 $ 0.32 $ 0.98 $ 0.99
Diluted (in dollars per share) $ 0.32 $ 0.32 $ 0.98 $ 0.98