XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income        
Loans, including fees $ 4,401 $ 4,087 $ 8,565 $ 8,083
Securities:        
Taxable 663 584 1,284 1,137
Tax exempt 352 363 713 729
Other 9 3 24 9
Total interest income 5,425 5,037 10,586 9,958
Interest expense        
Deposits 292 199 540 408
Advances from Federal Home Loan Bank 52 45 107 75
Other 4 3 7 5
Total interest expense 348 247 654 488
Net interest income 5,077 4,790 9,932 9,470
Provision for loan losses 25   25  
Net interest income after provision for loan losses 5,052 4,790 9,907 9,470
Noninterest income        
Customer service charges 1,049 1,030 2,023 1,990
Insurance and investment commissions 262 226 500 449
Gains on sales of loans 341 419 565 838
Gains on sales of securities 60 156 126 226
(Losses) gains on sales and write-downs of other assets 4   4 (23)
Earnings on life insurance policies 99 89 198 177
Other 127 131 258 236
Total noninterest income 1,942 2,051 3,674 3,893
Noninterest expense        
Salaries and benefits 2,591 2,565 5,106 4,976
Occupancy and equipment 689 692 1,397 1,333
Data processing 554 539 1,130 1,098
Professional fees 262 232 491 468
Supplies and postage 90 95 191 220
Advertising and promotional 73 89 127 132
Intangible amortization   112   224
FDIC insurance 46 73 100 140
Other 474 504 906 1,107
Total noninterest expense 4,779 4,901 9,448 9,698
Income before income tax 2,214 1,940 4,133 3,665
Income tax expense 580 495 1,052 947
Net income $ 1,635 $ 1,445 $ 3,081 $ 2,719
Basic earnings per share (Note 4) (in dollars per share) $ 0.47 $ 0.41 $ 0.89 $ 0.78
Diluted earnings per share (Note 4) (in dollars per share) 0.47 0.41 0.89 0.78
Dividends declared per share (in dollars per share) $ 0.17 $ 0.16 $ 0.33 $ 0.32