XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and dividend income    
Interest and fees on loans $ 7,991 $ 7,327
Interest and dividends on investment securities    
Taxable 1,464 1,820
Tax-exempt 441 55
Short-term investments 65 26
Total interest and dividend income 9,961 9,228
Interest expense    
Interest on deposits 1,139 777
Interest on short-term borrowings 66 60
Interest on long-term debt 106 76
Total interest expense 1,311 913
Net interest income 8,650 8,315
Provision for loan losses 0 0
Net interest income after provision for loan losses 8,650 8,315
Noninterest income    
Service charges on deposit accounts 1,303 1,193
Other service charges, commissions and fees 160 173
Trust department income 1,336 1,247
Brokerage income 449 437
Mortgage banking activities 642 520
Earnings on life insurance 268 229
Other income 87 40
Investment securities gains 1,420 1,529
Total noninterest income 5,665 5,368
Noninterest expenses    
Salaries and employee benefits 6,183 5,900
Occupancy expense 526 624
Furniture and equipment 786 743
Data processing 635 511
Telephone and communication 176 190
Automated teller and interchange fees 161 206
Advertising and bank promotions 456 245
FDIC insurance 232 246
Legal 181 213
Other professional services 339 299
Directors compensation 231 157
Collection and problem loan 52 96
Real estate owned expenses 43 25
Taxes other than income 155 226
Intangible asset amortization 51 51
Other operating expenses 914 774
Total noninterest expenses 11,121 10,506
Income before income taxes 3,194 3,177
Income tax expense 614 715
Net income $ 2,580 $ 2,462
Per share information:    
Basic earnings per share (usd per share) $ 0.32 $ 0.30
Diluted earnings per share (usd per share) 0.32 0.30
Dividends per share (usd per share) $ 0.08 $ 0