XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest Income        
Loans, including fees $ 10,521 $ 9,120 $ 20,623 $ 17,820
Debt securities:        
U.S. Treasury and government agencies 612 623 1,235 1,265
Municipalities 289 300 570 615
Dividends 53 44 108 86
Federal funds sold and other 62 37 137 59
Total interest income 11,537 10,124 22,673 19,845
Interest Expense        
Deposits 1,389 1,098 2,708 2,128
Federal funds purchased and securities sold under agreements to repurchase 118 118 242 231
Borrowed funds 20 37 40 73
Total interest expense 1,527 1,253 2,990 2,432
Net Interest Income - Before Provision for Loan Losses 10,010 8,871 19,683 17,413
Provision for Loan Losses 132 25 172 98
Net Interest Income After Provision For Loan Losses 9,878 8,846 19,511 17,315
Noninterest Income        
Net gain on sale of loans 301 218 433 419
Net gain on sale of available-for-sale securities   16   47
Total noninterest income 2,806 2,773 5,416 5,357
Noninterest Expense        
Salaries and wages 3,225 3,137 6,535 6,138
Employee benefits 848 783 1,984 1,705
Net occupancy expense 441 374 828 787
Furniture and equipment 565 491 1,072 963
Data processing 305 308 636 619
Franchise taxes 228 225 467 450
ATM expense 333 292 645 597
Advertising 247 192 433 367
Net (gain) loss on sale of other assets owned (1) 14 16 14
FDIC assessment 81 82 168 165
Mortgage servicing rights amortization 95 97 180 181
Other general and administrative 1,271 1,103 2,314 2,183
Total noninterest expense 7,638 7,098 15,278 14,169
Income Before Income Taxes 5,046 4,521 9,649 8,503
Income Taxes 932 1,298 1,768 2,441
Net Income $ 4,114 $ 3,223 $ 7,881 $ 6,062
Net Income Per Share [1] $ 0.44 $ 0.35 $ 0.85 $ 0.66
Dividends Declared [1] $ 0.14 $ 0.12 $ 0.27 $ 0.24
Customer Service Fees [Member]        
Noninterest Income        
Noninterest income $ 1,465 $ 1,330 $ 2,931 $ 2,811
Other Service Charges and Fees [Member]        
Noninterest Income        
Noninterest income $ 1,040 $ 1,209 $ 2,052 $ 2,080
[1] Share data has been adjusted to reflect a 2-for-1 stock split on September 20, 2017