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Condensed Consolidated Statements of Income & Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest Income        
Loans, including fees $ 9,120 $ 8,362 $ 17,820 $ 16,368
Debt securities:        
U.S. Treasury and government agencies 623 595 1,265 1,175
Municipalities 300 380 615 749
Dividends 44 37 86 75
Federal funds sold 3 2 3 2
Other 34 11 56 22
Total interest income 10,124 9,387 19,845 18,391
Interest Expense        
Deposits 1,098 885 2,128 1,739
Federal funds purchased and securities sold under agreements to repurchase 118 126 231 231
Borrowed funds 37 36 73 73
Total interest expense 1,253 1,047 2,432 2,043
Net Interest Income - Before Provision for Loan Losses 8,871 8,340 17,413 16,348
Provision for Loan Losses 25 339 98 616
Net Interest Income After Provision For Loan Losses 8,846 8,001 17,315 15,732
Noninterest Income        
Customer service fees 1,330 1,308 2,811 2,786
Other service charges and fees 1,209 999 2,080 1,909
Net gain on sale of loans 218 234 419 403
Net gain on sale of available for sale securities 16 343 47 456
Total noninterest income 2,773 2,884 5,357 5,554
Noninterest Expense        
Salaries and Wages 3,137 2,840 6,138 5,680
Employee benefits 783 715 1,705 1,577
Net occupancy expense 374 346 787 724
Furniture and equipment 491 443 963 855
Data processing 308 361 619 772
Franchise taxes 225 225 450 439
Net loss on sale of other assets owned 14   14 45
FDIC Assessment 82 121 165 242
Mortgage servicing rights amortization 97 99 181 188
Other general and administrative 1,587 1,507 3,147 3,121
Total other operating expenses 7,098 6,657 14,169 13,643
Income Before Income Taxes 4,521 4,228 8,503 7,643
Income Taxes 1,298 1,254 2,441 2,188
Net Income 3,223 2,974 6,062 5,455
Other Comprehensive Income (Net of Tax):        
Net unrealized gain on available for sale securities 2,044 649 2,456 2,594
Reclassification adjustment for gain on sale of available (16) (343) (47) (456)
Net unrealized gain on available for sale securities 2,028 306 2,409 2,138
Tax expense 690 104 819 727
Other comprehensive income 1,338 202 1,590 1,411
Comprehensive Income $ 4,561 $ 3,176 $ 7,652 $ 6,866
Earnings Per Share - Basic and Diluted $ 0.70 $ 0.65 $ 1.31 $ 1.18
Dividends Declared $ 0.25 $ 0.23 $ 0.48 $ 0.45