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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest and dividend income:        
Loans, including fees $ 12,487 $ 12,114 $ 37,054 $ 36,113
Taxable securities 1,225 1,237 3,943 3,490
Tax exempt securities 228 227 722 685
Interest-bearing deposits 85 17 180 60
Total interest and dividend income 14,025 13,595 41,899 40,348
Interest expense:        
Deposits 561 500 1,607 1,478
Securities sold under agreements to repurchase 214 213 636 634
Borrowed funds 210 191 623 556
Total interest expense 985 904 2,866 2,668
Net interest income 13,040 12,691 39,033 37,680
Provision for loan losses 1,050 307 2,033 956
Net interest income after provision for loan losses 11,990 12,384 37,000 36,724
Non-interest income:        
WMG fee income 2,027 2,122 6,240 6,446
Service charges on deposit accounts 1,361 1,275 3,781 3,637
Interchange revenue from debit card transactions 1,203 831 3,035 2,499
Net gains (losses) on securities transactions 75 (11) 983 291
Net gains on sales of loans held for sale 115 89 273 239
Net gains (losses) on sales of other real estate owned 10 0 (6) 120
Income from bank-owned life insurance 19 19 55 56
Other 625 587 1,891 2,136
Total non-interest income 5,435 4,912 16,252 15,424
Non-interest expenses:        
Salaries and wages 5,355 5,135 15,720 15,423
Pension and other employee benefits 1,573 1,562 4,894 4,848
Net occupancy expenses 1,503 1,701 5,287 5,308
Furniture and equipment expenses 685 742 2,286 2,264
Data processing expense 1,624 1,751 5,058 4,864
Professional services 502 200 1,418 889
Amortization of intangible assets 245 277 748 866
Marketing and advertising expenses 101 208 648 714
Other real estate owned expenses 41 79 150 387
FDIC insurance 324 277 895 843
Loan expense 162 212 462 527
Other 1,356 1,490 5,483 4,260
Total non-interest expenses 13,471 13,634 43,049 41,193
Income before income tax expense 3,954 3,662 10,203 10,955
Income tax expense 1,209 1,211 3,130 3,651
Net income $ 2,745 $ 2,451 $ 7,073 $ 7,304
Weighted average shares outstanding (shares) 4,765 4,722 4,758 4,715
Basic and diluted earnings per share (in dollars per share) $ 0.58 $ 0.52 $ 1.49 $ 1.55