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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income    
Loans and leases $ 17,522,000 $ 18,445,000
Securities income 779,000 722,000
Short-term investments 146,000 176,000
Total interest income 18,447,000 19,343,000
Interest expense    
Deposits 2,673,000 3,053,000
Federal Home Loan Bank advances and other borrowings 612,000 474,000
Junior subordinated notes 274,000 277,000
Total interest expense 3,559,000 3,804,000
Net interest income 14,888,000 15,539,000
Provision for loan and lease losses 572,000 525,000
Net interest income after provision for loan and lease losses 14,316,000 15,014,000
Non-interest income    
Trust and investment services fee income 1,629,000 1,273,000
Gain on sale of Small Business Administration loans 360,000 1,376,000
Gain on sale of residential mortgage loans 11,000 145,000
Service charges on deposits 765,000 742,000
Loan fees 458,000 609,000
Increase in cash surrender value of bank-owned life insurance 311,000 243,000
Other non-interest income 529,000 206,000
Total non-interest income 4,063,000 4,594,000
Non-interest expense    
Compensation 8,683,000 8,370,000
Occupancy 475,000 508,000
Professional fees 1,010,000 861,000
Data processing 584,000 651,000
Marketing 370,000 734,000
Equipment 283,000 280,000
Computer software 683,000 494,000
FDIC insurance 380,000 291,000
Collateral liquidation costs 92,000 47,000
Impairment of tax credit investments 113,000 112,000
SBA Business Administration recourse provision 6,000 0
Other non-interest expense 881,000 351,000
Total non-interest expense 13,560,000 12,699,000
Income before income tax expense 4,819,000 6,909,000
Income tax expense 1,422,000 2,356,000
Net income $ 3,397,000 $ 4,553,000
Earnings per common share    
Basic $ 0.39 $ 0.52
Diluted 0.39 0.52
Dividends declared per share $ 0.13 $ 0.12