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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest and dividend income        
Interest and fees on loans $ 8,631 $ 7,912 $ 25,006 $ 22,988
Interest and dividends on investment securities        
Taxable 1,544 1,532 4,376 5,012
Tax-exempt 437 420 1,319 617
Short-term investments 42 21 186 64
Total interest and dividend income 10,654 9,885 30,887 28,681
Interest expense        
Interest on deposits 1,295 979 3,625 2,536
Interest on short-term borrowings 21 85 112 226
Interest on long-term debt 104 108 315 293
Total interest expense 1,420 1,172 4,052 3,055
Net interest income 9,234 8,713 26,835 25,626
Provision for loan losses 250 (603) 250 (603)
Net interest income after provision for loan losses 8,984 9,316 26,585 26,229
Noninterest income        
Service charges on deposit accounts 1,370 1,381 4,045 3,873
Other service charges, commissions and fees 188 586 637 1,024
Trust department income 1,247 1,074 3,771 3,519
Brokerage income 459 551 1,485 1,536
Mortgage banking activities 1,012 837 2,381 2,150
Earnings on life insurance 272 269 810 731
Other income 20 104 221 338
Investment securities gains 0 29 1,420 1,911
Total noninterest income 4,568 4,831 14,770 15,082
Noninterest expenses        
Salaries and employee benefits 6,823 6,051 19,318 18,109
Occupancy expense 683 529 1,801 1,715
Furniture and equipment 782 759 2,316 2,265
Data processing 532 536 1,686 1,573
Telephone and communication 206 168 572 529
Automated teller and interchange fees 157 204 555 625
Advertising and bank promotions 433 471 1,244 1,040
FDIC insurance 143 201 598 631
Legal fees 298 427 704 1,116
Other professional services 287 308 971 951
Directors compensation 242 204 730 531
Collection and problem loan 39 108 187 306
Real estate owned expenses 94 42 195 116
Taxes other than income 186 239 594 691
Intangible asset amortization 10 51 85 156
Regulatory settlement 0 0 1,000 0
Other operating expenses 1,070 926 3,108 3,034
Total noninterest expenses 11,985 11,224 35,664 33,388
Income before income taxes 1,567 2,923 5,691 7,923
Income tax expense 125 462 991 1,498
Net income $ 1,442 $ 2,461 $ 4,700 $ 6,425
Per share information:        
Basic earnings per share (usd per share) $ 0.18 $ 0.30 $ 0.58 $ 0.79
Diluted earnings per share (usd per share) 0.18 0.30 0.58 0.79
Dividends per share (usd per share) $ 0.09 $ 0.07 $ 0.26 $ 0.14