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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and dividend income    
Loans, including fees $ 11,777 $ 11,317
Taxable securities 847 801
Tax-exempt securities 712 655
Federal funds sold and other 356 280
Total interest income 13,692 13,053
Interest expense    
Deposits 465 490
Federal Home Loan Bank advances 88 110
Subordinated debentures 241 212
Other 6 6
Total interest expense 800 818
Net interest income 12,892 12,235
Provision for loan losses 0 0
Net interest income after provision for loan losses 12,892 12,235
Noninterest income    
Service charges 1,045 1,129
Net loss on securities available for sale   (5)
Net gain on sale of loans 257 394
ATM fees 510 508
Trust fees 707 634
Bank owned life insurance 144 114
Tax refund processing fees 2,200 2,200
Other 275 286
Total noninterest income 5,138 5,260
Noninterest expense    
Salaries, wages and benefits 7,118 6,324
Net occupancy expense 658 631
Equipment expense 329 296
Contracted data processing 388 355
FDIC assessment 165 252
State franchise tax 257 218
Professional services 451 501
Amortization of intangible assets 167 183
ATM expense 254 121
Marketing 252 287
Other operating expenses 1,463 1,739
Total noninterest expense 11,502 10,907
Income before taxes 6,528 6,588
Income tax expense 1,893 1,863
Net Income 4,635 4,725
Preferred stock dividends 319 391
Net income available to common shareholders $ 4,316 $ 4,334
Earnings per common share, basic $ 0.47 $ 0.55
Earnings per common share, diluted $ 0.40 $ 0.43