XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest Income        
Loans, including fees $ 10,725 $ 9,547 $ 31,348 $ 27,367
Debt securities:        
U.S. Treasury and government agencies 613 605 1,848 1,870
Municipalities 275 290 845 905
Dividends 56 49 164 135
Federal funds sold and other 84 44 221 103
Total interest income 11,753 10,535 34,426 30,380
Interest Expense        
Deposits 1,611 1,161 4,319 3,289
Federal funds purchased and securities sold under agreements to repurchase 134 135 376 366
Borrowed funds 20 37 60 110
Total interest expense 1,765 1,333 4,755 3,765
Net Interest Income - Before Provision for Loan Losses 9,988 9,202 29,671 26,615
Provision for Loan Losses 47 99 219 197
Net Interest Income After Provision For Loan Losses 9,941 9,103 29,452 26,418
Noninterest Income        
Net gain on sale of loans 184 181 617 600
Net gain on sale of available-for-sale securities 10   10 47
Total noninterest income 2,683 2,635 8,099 7,992
Noninterest Expense        
Salaries and wages 3,391 3,236 9,926 9,374
Employee benefits 1,029 943 3,013 2,648
Net occupancy expense 478 434 1,306 1,221
Furniture and equipment 588 493 1,660 1,456
Data processing 364 300 1,000 919
Franchise taxes 243 226 710 676
ATM expense 327 256 972 853
Advertising 236 181 669 548
Net loss on sale of other assets owned 1 13 17 27
FDIC assessment 81 82 249 247
Mortgage servicing rights amortization 84 85 264 266
Other general and administrative 1,304 1,108 3,618 3,291
Total noninterest expense 8,126 7,357 23,404 21,526
Income Before Income Taxes 4,498 4,381 14,147 12,884
Income Taxes 623 1,159 2,391 3,600
Net Income $ 3,875 $ 3,222 $ 11,756 $ 9,284
Basic and Diluted Earnings Per Share $ 0.42 $ 0.35 $ 1.27 $ 1.01
Dividends Declared $ 0.14 $ 0.13 $ 0.41 $ 0.37
Customer Service Fees [Member]        
Noninterest Income        
Noninterest income $ 1,392 $ 1,320 $ 4,323 $ 4,131
Other Service Charges and Fees [Member]        
Noninterest Income        
Noninterest income $ 1,097 $ 1,134 $ 3,149 $ 3,214