XML 18 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income & Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest Income      
Loans, including fees $ 37,195 $ 33,703 $ 29,293
Debt securities:      
U.S. Treasury and government agencies 2,480 2,373 2,434
Municipalities 1,193 1,437 1,739
Dividends 187 149 148
Federal funds sold 69 22 8
Other 124 43 28
Total interest income 41,248 37,727 33,650
Interest Expense      
Deposits 4,483 3,617 3,269
Federal funds purchased and securities sold under agreements to repurchase 497 458 317
Borrowed funds 147 148 1
Total interest expense 5,127 4,223 3,587
Net Interest Income-Before provision for loan losses 36,121 33,504 30,063
Provision for Loan Losses 222 1,121 625
Net Interest Income After Provision For Loan Losses 35,899 32,383 29,438
Noninterest Income      
Customer service fees 5,609 6,118 5,847
Other service charges and fees 4,268 3,774 3,790
Net gain on sale of loans 811 888 700
Net gain on sale of available-for-sale securities 47 588 451
Total noninterest income 10,735 11,368 10,788
Noninterest Expense      
Salaries and Wages 12,613 11,620 10,907
Employee benefits 3,635 3,323 3,555
Net occupancy expense 1,489 1,459 1,352
Furniture and equipment 1,858 1,724 1,629
Data processing 1,213 1,409 1,300
Franchise taxes 902 878 746
Net loss on sale of other assets owned 27 81 47
FDIC Assessment 330 407 485
Mortgage servicing rights amortization 353 419 374
Other general and administrative 6,311 6,111 5,672
Total other operating expenses 28,731 27,431 26,067
Income Before Income Taxes 17,903 16,320 14,159
Income Taxes 5,183 4,656 3,819
Net Income 12,720 11,664 10,340
Other Comprehensive Income (Loss) (Net of Tax):      
Net unrealized gain (loss) on available-for-sale securities 267 (2,721) 100
Reclassification adjustment for gain on sale of available-for-sale securities (47) (588) (451)
Net unrealized gain (loss) on available-for-sale securities 220 (3,309) (351)
Tax expense (benefit) 74 (1,125) (119)
Other comprehensive income (loss) 146 (2,184) (232)
Comprehensive Income $ 12,866 $ 9,480 $ 10,108
Earnings Per Share-Basic and Diluted [1] $ 1.38 $ 1.27 $ 1.12
[1] Share data has been adjusted to reflect a 2-for-1 stock split on September 20, 2017