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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and dividend income    
Loans, including fees $ 11,317 $ 10,246
Taxable securities 801 832
Tax-exempt securities 655 624
Federal funds sold and other 280 60
Total interest income 13,053 11,762
Interest expense    
Deposits 490 542
Federal Home Loan Bank advances 110 121
Subordinated debentures 212 179
Other 6 5
Total interest expense 818 847
Net interest income 12,235 10,915
Provision for loan losses   400
Net interest income after provision for loan losses 12,235 10,515
Noninterest income    
Service charges 1,129 1,055
Net loss on securities available for sale (5)  
Net gain on sale of loans 394 204
ATM fees 508 449
Trust fees 634 767
Bank owned life insurance 114 117
Tax refund processing fees 2,200 1,600
Other 286 210
Total noninterest income 5,260 4,402
Noninterest expense    
Salaries, wages and benefits 6,324 5,899
Net occupancy expense 631 624
Equipment expense 296 363
Contracted data processing 355 448
FDIC assessment 252 237
State franchise tax 218 239
Professional services 501 456
Amortization of intangible assets 183 142
ATM expense 121 283
Marketing 287 236
Other operating expenses 1,739 1,676
Total noninterest expense 10,907 10,603
Income before taxes 6,588 4,314
Income tax expense 1,863 1,143
Net Income 4,725 3,171
Preferred stock dividends 391 404
Net income available to common shareholders $ 4,334 $ 2,767
Earnings per common share, basic $ 0.55 $ 0.36
Earnings per common share, diluted $ 0.43 $ 0.29