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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and dividend income        
Interest and fees on loans $ 8,384 $ 7,749 $ 16,375 $ 15,076
Interest and dividends on investment securities        
Taxable 1,368 1,660 2,832 3,480
Tax-exempt 441 142 882 197
Short-term investments 79 17 144 43
Total interest and dividend income 10,272 9,568 20,233 18,796
Interest expense        
Interest on deposits 1,191 780 2,330 1,557
Interest on short-term borrowings 25 81 91 141
Interest on long-term debt 105 109 211 185
Total interest expense 1,321 970 2,632 1,883
Net interest income 8,951 8,598 17,601 16,913
Provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 8,951 8,598 17,601 16,913
Noninterest income        
Service charges on deposit accounts 1,372 1,299 2,675 2,492
Other service charges, commissions and fees 289 265 449 438
Trust department income 1,188 1,198 2,524 2,445
Brokerage income 577 548 1,026 985
Mortgage banking activities 727 793 1,369 1,313
Earnings on life insurance 270 233 538 462
Other income 114 194 201 234
Investment securities gains 0 353 1,420 1,882
Total noninterest income 4,537 4,883 10,202 10,251
Noninterest expenses        
Salaries and employee benefits 6,312 6,158 12,495 12,058
Occupancy expense 592 562 1,118 1,186
Furniture and equipment 748 763 1,534 1,506
Data processing 519 526 1,154 1,037
Telephone and communication 190 171 366 361
Automated teller and interchange fees 237 215 398 421
Advertising and bank promotions 355 324 811 569
FDIC insurance 223 184 455 430
Legal fees 225 476 406 689
Other professional services 345 344 684 643
Directors compensation 257 170 488 327
Collection and problem loan 96 102 148 198
Real estate owned expenses 58 49 101 74
Taxes other than income 253 226 408 452
Intangible asset amortization 24 54 75 105
Legal reserve 1,000 0 1,000 0
Other operating expenses 1,124 1,334 2,038 2,108
Total noninterest expenses 12,558 11,658 23,679 22,164
Income before income taxes 930 1,823 4,124 5,000
Income tax expense 252 321 866 1,036
Net income $ 678 $ 1,502 $ 3,258 $ 3,964
Per share information:        
Basic earnings per share (usd per share) $ 0.08 $ 0.19 $ 0.40 $ 0.49
Diluted earnings per share (usd per share) 0.08 0.18 0.40 0.49
Dividends per share (usd per share) $ 0.09 $ 0.07 $ 0.17 $ 0.07