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Condensed Consolidated Statements of Income & Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest Income    
Loans, including fees $ 8,700 $ 8,006
Debt securities:    
U.S. Treasury and government agencies 642 580
Municipalities 315 369
Dividends 42 38
Other 22 11
Total interest income 9,721 9,004
Interest Expense    
Deposits 1,030 854
Federal funds purchased and securities sold under agreements to repurchase 113 105
Borrowed funds 36 37
Total interest expense 1,179 996
Net Interest Income - Before Provision for Loan Losses 8,542 8,008
Provision for Loan Losses 73 277
Net Interest Income After Provision For Loan Losses 8,469 7,731
Noninterest Income    
Customer service fees 1,481 1,478
Other service charges and fees 871 910
Net gain on sale of loans 201 169
Net gain on sale of available for sale securities 31 113
Total noninterest income 2,584 2,670
Noninterest Expense    
Salaries and Wages 3,001 2,840
Employee benefits 922 862
Net occupancy expense 413 378
Furniture and equipment 472 412
Data processing 311 411
Franchise taxes 225 214
Net loss on sale of other assets owned   45
FDIC Assessment 83 121
Mortgage servicing rights amortization 84 89
Other general and administrative 1,560 1,614
Total other operating expenses 7,071 6,986
Income Before Income Taxes 3,982 3,415
Income Taxes 1,143 934
Net Income 2,839 2,481
Other Comprehensive Income (Net of Tax):    
Net unrealized gain on available for sale securities 412 1,945
Reclassification adjustment for gain on sale of available for sale securities (31) (113)
Net unrealized gain on available for sale securities 381 1,832
Tax expense 129 623
Other comprehensive income 252 1,209
Comprehensive Income $ 3,091 $ 3,690
Earnings Per Share - Basic and Diluted $ 0.61 $ 0.54
Dividends Declared $ 0.23 $ 0.22