XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Income & Comprehensive 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 $ 8,362 $ 7,163 $ 16,368 $ 14,257
Debt securities:        
U.S. Treasury and government agencies 595 620 1,175 1,216
Municipalities 380 458 749 905
Dividends 37 37 75 74
Federal funds sold 2 3 2 5
Other 11 8 22 16
Total interest income 9,387 8,289 18,391 16,473
Interest Expense        
Deposits 885 808 1,739 1,605
Federal funds purchased and securities sold under agreements to repurchase 126 63 231 124
Borrowed funds 36   73  
Total interest expense 1,047 871 2,043 1,729
Net Interest Income - Before Provision for Loan Losses 8,340 7,418 16,348 14,744
Provision for Loan Losses 339 183 616 297
Net Interest Income After Provision For Loan Losses 8,001 7,235 15,732 14,447
Noninterest Income        
Customer service fees 1,308 1,424 2,786 2,783
Other service charges and fees 999 965 1,909 1,879
Net gain on sale of loans 234 173 403 348
Net gain on sale of available for sale securities 343 137 456 246
Total noninterest income 2,884 2,699 5,554 5,256
Noninterest Expense        
Salaries and Wages 2,840 2,714 5,680 5,369
Employee benefits 715 687 1,577 1,751
Net occupancy expense 346 368 724 723
Furniture and equipment 443 427 855 849
Data processing 361 320 772 649
Franchise taxes 225 187 439 374
Net loss on sale of other assets owned   5 45 11
FDIC Assessment 121 119 242 238
Mortgage servicing rights amortization 99 103 188 183
Other general and administrative 1,507 1,451 3,121 2,799
Total noninterest expenses 6,657 6,381 13,643 12,946
Income Before Income Taxes 4,228 3,553 7,643 6,757
Income Taxes 1,254 956 2,188 1,809
Net Income 2,974 2,597 5,455 4,948
Other Comprehensive Income (Loss) (Net of Tax):        
Net unrealized gain (loss) on available for sale securities 649 (1,824) 2,594 (94)
Reclassification adjustment for gain on sale of available for sale securities (343) (137) (456) (246)
Net unrealized gain (loss) on available for sale securities 306 (1,961) 2,138 (340)
Tax expense (benefit) 104 (667) 727 (116)
Other comprehensive income (loss) 202 (1,294) 1,411 (224)
Comprehensive Income $ 3,176 $ 1,303 $ 6,866 $ 4,724
Earnings Per Share - Basic and Diluted $ 0.65 $ 0.56 $ 1.18 $ 1.07
Dividends Declared $ 0.23 $ 0.22 $ 0.45 $ 0.43