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Condensed Consolidated Statements of Income & Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income        
Loans, including fees $ 8,629 $ 7,341 $ 24,997 $ 21,598
Debt securities:        
U.S. Treasury and government agencies 559 603 1,734 1,819
Municipalities 344 456 1,093 1,361
Dividends 36 37 111 111
Federal funds sold 7 2 9 7
Other 15 5 37 21
Total interest income 9,590 8,444 27,981 24,917
Interest Expense        
Deposits 947 841 2,686 2,446
Federal funds purchased and securities sold under agreements to repurchase 115 94 346 218
Borrowed funds 37   110  
Total interest expense 1,099 935 3,142 2,664
Net Interest Income - Before Provision for Loan Losses 8,491 7,509 24,839 22,253
Provision for Loan Losses 308 243 924 540
Net Interest Income After Provision For Loan Losses 8,183 7,266 23,915 21,713
Noninterest Income        
Customer service fees 1,711 1,388 4,497 4,171
Other service charges and fees 941 1,084 2,850 2,963
Net gain on sale of loans 216 183 619 531
Net gain on sale of available for sale securities 47 172 503 418
Total noninterest income 2,915 2,827 8,469 8,083
Noninterest Expense        
Salaries and Wages 2,981 2,714 8,661 8,083
Employee benefits 849 804 2,426 2,555
Net occupancy expense 359 289 1,083 1,012
Furniture and equipment 438 475 1,293 1,324
Data processing 360 318 1,132 967
Franchise taxes 219 186 658 560
Net (gain) loss on sale of other assets owned (6) 32 39 43
FDIC Assessment 126 126 368 364
Mortgage servicing rights amortization 123 93 311 276
Other general and administrative 1,473 1,475 4,594 4,274
Total noninterest expenses 6,922 6,512 20,565 19,458
Income Before Income Taxes 4,176 3,581 11,819 10,338
Income Taxes 1,161 961 3,349 2,770
Net Income 3,015 2,620 8,470 7,568
Other Comprehensive Income (Net of Tax):        
Net unrealized gain on available for sale securities 58 1,210 2,652 1,116
Reclassification adjustment for gain on sale of available for sale securities (47) (172) (503) (418)
Net unrealized gain on available for sale securities 11 1,038 2,149 698
Tax expense 4 353 731 237
Other comprehensive income 7 685 1,418 461
Comprehensive Income $ 3,022 $ 3,305 $ 9,888 $ 8,029
Earnings Per Share - Basic and Diluted $ 0.65 $ 0.57 $ 1.84 $ 1.64
Dividends Declared $ 0.23 $ 0.22 $ 0.68 $ 0.65