XML 14 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Interim 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 $ 12,833 $ 11,297 $ 36,205 $ 32,102
AFS securities        
Taxable 2,031 2,037 6,263 6,338
Nontaxable 1,301 1,406 4,014 4,234
Federal funds sold and other 254 236 771 661
Total interest income 16,419 14,976 47,253 43,335
Interest expense        
Deposits 2,436 1,715 6,712 4,870
Borrowings 1,795 1,485 4,661 4,189
Total interest expense 4,231 3,200 11,373 9,059
Net interest income 12,188 11,776 35,880 34,276
Provision for loan losses (76) 49 636 85
Net interest income after provision for loan losses 12,264 11,727 35,244 34,191
Noninterest Income, Service Charges and Fees 1,557 1,435 4,533 4,370
Noninterest income        
Net gain on sale of mortgage loans 171 153 339 507
Earnings on corporate owned life insurance policies 170 174 521 537
Debt Securities, Realized Gain (Loss) 0 0 0 142
Other 965 936 2,693 2,546
Total noninterest income 2,863 2,698 8,086 8,102
Noninterest expenses        
Compensation and benefits 5,845 5,293 17,018 15,667
Furniture and equipment 1,500 1,377 4,550 4,073
Occupancy 870 809 2,501 2,461
Other 2,857 2,660 7,883 7,396
Total noninterest expenses 11,072 10,139 31,952 29,597
Income before federal income tax expense 4,055 4,286 11,378 12,696
Federal Income Tax Expense (Benefit), Continuing Operations 359 750 887 2,180
NET INCOME $ 3,696 $ 3,536 $ 10,491 $ 10,516
Earnings per share        
Basic (in dollars per share) $ 0.47 $ 0.45 $ 1.33 $ 1.34
Diluted (in dollars per share) 0.46 0.44 1.30 1.31
Cash dividends per basic share (in dollars per share) $ 0.26 $ 0.26 $ 0.78 $ 0.76