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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and Dividend Income    
Loans, including fees $ 16,609 $ 13,058
Loans held-for-sale 24 28
Securities:    
Taxable 2,963 4,211
Tax exempt 1,065 179
Dividends from Federal Reserve Bank and Federal Home Loan Bank stock 85 84
Interest bearing deposits with financial institutions 23 19
Total interest and dividend income 20,769 17,579
Interest Expense    
Savings, NOW, and money market deposits 223 191
Time deposits 979 822
Other short-term borrowings 108 20
Junior subordinated debentures 1,084 1,084
Senior notes 673  
Subordinated debt   239
Notes payable and other borrowings   2
Total interest expense 3,067 2,358
Net interest and dividend income 17,702 15,221
Net interest and dividend income after release for loan losses 17,702 15,221
Noninterest Income    
Trust income 1,458 1,369
Service charges on deposits 1,618 1,559
Secondary mortgage fees 176 193
Mortgage servicing rights mark to market loss (133) (1,041)
Mortgage servicing gain / (loss), net of changes in fair value 435 421
Net gain on sales of mortgage loans 1,147 1,212
Securities loss, net (136) (61)
Increase in cash surrender value of bank-owned life insurance 359 285
Debit card interchange income 975 947
(Loss) gain on disposal and transfer of fixed assets (2) (1)
Other income 1,131 1,392
Total noninterest income 7,028 6,275
Noninterest Expense    
Salaries and employee benefits 10,573 9,026
Occupancy expense, net 1,566 1,581
Furniture and equipment expense 1,090 925
FDIC insurance 148 203
General bank insurance 270 298
Amortization of core deposit intangible 25  
Advertising expense 386 347
Debit card interchange expense 349 203
Legal fees 104 161
Other real estate expense, net 709 738
Other expense 2,834 2,782
Total noninterest expense 18,054 16,264
Income before income taxes 6,676 5,232
Provision for income taxes 2,104 1,910
Net income 4,572 3,322
Net income available to common stockholders $ 4,572 $ 3,322
Basic earnings per share (in dollars per share) $ 0.15 $ 0.11
Diluted earnings per share (in dollars per share) $ 0.15 $ 0.11