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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 income        
Loans, including fees $ 4,087 $ 3,988 $ 8,083 $ 7,930
Securities:        
Taxable 584 485 1,137 937
Tax exempt 363 357 729 706
Other 3 2 9 5
Total interest income 5,037 4,832 9,958 9,578
Interest expense        
Deposits 199 215 408 440
Advances from Federal Home Loan Bank 45 28 75 47
Other 3 10 5 22
Total interest expense 247 253 488 509
Net interest income 4,790 4,579 9,470 9,069
Provision for loan losses     100
Net interest income after provision for loan losses 4,790 4,579 9,470 8,969
Noninterest income        
Customer service charges 1,030 1,062 1,990 2,045
Insurance and investment commissions 226 292 449 633
Gains on sales of loans 419 309 838 812
Gains on sales of securities 156 45 226 53
Losses on sales and write-downs of other assets   (55) (23) (76)
Earnings on life insurance policies 89 87 177 475
Other 131 111 236 202
Total noninterest income 2,051 1,851 3,893 4,144
Noninterest expense        
Salaries and benefits 2,565 2,214 4,976 4,513
Occupancy and equipment 692 593 1,333 1,188
Data processing 539 578 1,098 1,132
Professional fees 232 236 468 513
Supplies and postage 95 73 220 178
Advertising and promotional 89 58 132 125
Intangible amortization 112 112 224 224
FDIC insurance 73 72 140 149
Other 504 549 1,107 1,022
Total noninterest expense 4,901 4,485 9,698 9,044
Income before income tax 1,940 1,945 3,665 4,069
Income tax expense 495 514 947 996
Net income $ 1,445 $ 1,431 $ 2,719 $ 3,073
Basic earnings per share (Note 4) (in dollars per share) $ 0.43 $ 0.43 $ 0.82 $ 0.93
Diluted earnings per share (Note 4) (in dollars per share) 0.43 0.43 0.82 0.93
Dividends declared per share (in dollars per share) $ 0.17 $ 0.17 $ 0.34 $ 0.32