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Consolidated Statements of Operations (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        
Loans, including fees $ 11,824 $ 11,755 $ 35,311 $ 33,271
Taxable securities 872 810 2,494 2,439
Tax-exempt securities 664 653 1,979 1,917
Federal funds sold and other 10 5 376 98
Total interest income 13,370 13,223 40,160 37,725
Interest expense        
Deposits 506 513 1,480 1,588
Federal Home Loan Bank advances 111 111 312 326
Subordinated debentures 221 192 650 565
Other 6 5 17 15
Total interest expense 844 821 2,459 2,494
Net interest income 12,526 12,402 37,701 35,231
Provision (credit) for loan losses   400 (1,300) 1,200
Net interest income after provision (credit) for loan losses 12,526 12,002 39,001 34,031
Noninterest income        
Service charges 1,194 1,262 3,714 3,487
Net gain on sale of securities 18 (5) 20 (5)
Net gain on sale of loans 541 269 1,341 888
ATM fees 541 520 1,584 1,484
Wealth management fees 688 659 1,989 2,159
Bank owned life insurance 149 116 415 350
Tax refund processing fees     2,750 2,000
Other 522 255 1,176 769
Total noninterest income 3,653 3,076 12,989 11,132
Noninterest expense        
Salaries, wages and benefits 6,375 6,025 19,053 17,732
Net occupancy expense 708 595 2,009 1,833
Equipment expense 494 303 1,158 1,030
Contracted data processing 397 399 1,147 1,392
FDIC assessment 166 192 597 654
State franchise tax 251 205 709 661
Professional services 431 597 1,450 1,716
Amortization of intangible assets 172 189 527 522
ATM expense 183 119 379 563
Marketing 249 298 810 842
Other operating expenses 1,769 1,744 5,314 5,258
Total noninterest expense 11,195 10,666 33,153 32,203
Income before taxes 4,984 4,412 18,837 12,960
Income tax expense 1,304 1,159 5,251 3,414
Net Income 3,680 3,253 13,586 9,546
Preferred stock dividends 374 391 1,156 1,186
Net income available to common shareholders $ 3,306 $ 2,862 $ 12,430 $ 8,360
Earnings per common share, basic $ 0.41 $ 0.36 $ 1.57 $ 1.07
Earnings per common share, diluted $ 0.34 $ 0.30 $ 1.24 $ 0.87