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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and dividend income:        
Loans, including fees $ 12,817 $ 12,321 $ 25,316 $ 24,567
Taxable securities 1,398 1,281 2,820 2,718
Tax exempt securities 276 240 514 494
Interest-bearing deposits 193 83 348 95
Total interest and dividend income 14,684 13,925 28,998 27,874
Interest expense:        
Deposits 549 539 1,087 1,046
Securities sold under agreements to repurchase 95 211 288 422
Borrowed funds 90 207 179 413
Total interest expense 734 957 1,554 1,881
Net interest income 13,950 12,968 27,444 25,993
Provision for loan losses 421 388 1,461 983
Net interest income after provision for loan losses 13,529 12,580 25,983 25,010
Non-interest income:        
WMG fee income 2,269 2,201 4,378 4,213
Service charges on deposit accounts 1,225 1,285 2,409 2,420
Interchange revenue from debit card transactions 964 939 1,884 1,832
Net gains on securities transactions 12 0 12 908
Net gains on sales of loans held for sale 53 97 122 158
Net gains (losses) on sales of other real estate owned (9) (11) 8 (16)
Income from bank-owned life insurance 18 18 35 36
Other 490 687 1,021 1,266
Total non-interest income 5,022 5,216 9,869 10,817
Non-interest expenses:        
Salaries and wages 5,422 5,182 10,697 10,365
Pension and other employee benefits 1,207 1,646 2,425 3,321
Net occupancy expenses 1,702 1,878 3,308 3,784
Furniture and equipment expenses 781 829 1,462 1,601
Data processing expense 1,587 1,720 3,191 3,434
Professional services 417 575 717 916
Legal accruals and settlements 850 1,200 850 1,200
Amortization of intangible assets 213 245 439 503
Marketing and advertising expenses 118 325 367 547
Other real estate owned expenses 11 57 31 109
FDIC insurance 309 277 634 571
Loan expense 166 188 282 300
Other 1,549 1,448 2,974 2,927
Total non-interest expenses 14,332 15,570 27,377 29,578
Income before income tax expense 4,219 2,226 8,475 6,249
Income tax expense 1,263 605 2,540 1,921
Net income $ 2,956 $ 1,621 $ 5,935 $ 4,328
Weighted average shares outstanding (in shares) 4,797 4,760 4,793 4,754
Basic and diluted earnings per share (in usd per share) $ 0.62 $ 0.34 $ 1.24 $ 0.91