XML 48 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statement of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST INCOME        
Interest and fees on loans $ 5,842 $ 5,575 $ 11,685 $ 11,269
Interest-bearing deposits in other institutions 12 9 20 14
Federal funds sold 5 6 8 9
Investment securities:        
Taxable interest 379 526 774 1,035
Tax-exempt interest 805 783 1,564 1,538
Dividends on stock 23 20 50 43
Total interest income 7,066 6,919 14,101 13,908
INTEREST EXPENSE        
Deposits 874 929 1,705 1,869
Short-term borrowings 33 38 70 73
Other borrowings 23 32 46 64
Trust preferred securities 60 34 52 60
Total interest expense 990 1,033 1,873 2,066
NET INTEREST INCOME 6,076 5,886 12,228 11,842
Provision for loan losses   120 105 300
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 6,076 5,766 12,123 11,542
NONINTEREST INCOME        
Service charges on deposit accounts 470 469 911 910
Investment securities gains, net 22 64 46 58
Earnings on bank-owned life insurance 92 68 161 135
Gain on sale of loans 120   173  
Other income 258 256 467 469
Total noninterest income 962 857 1,758 1,572
NONINTEREST EXPENSE        
Salaries and employee benefits 2,560 2,268 4,920 4,284
Occupancy expense 291 275 640 596
Equipment expense 241 194 457 414
Data processing costs 261 224 511 438
Ohio state franchise tax 75 93 150 176
Federal deposit insurance expense 120 97 232 229
Professional fees 277 338 596 625
(Gain) loss on other real estate owned (40) 75 48 70
Advertising expense 195 124 391 247
Other real estate expense 268 102 333 165
Directors fees 127 118 245 204
Other expense 842 690 1,505 1,379
Total noninterest expense 5,217 4,598 10,028 8,827
Income before income taxes 1,821 2,025 3,853 4,287
Income taxes 316 414 720 913
NET INCOME $ 1,505 $ 1,611 $ 3,133 $ 3,374
EARNINGS PER SHARE        
Basic (in Dollars per share) $ 0.73 $ 0.79 $ 1.52 $ 1.66
Diluted (in Dollars per share) 0.73 0.79 1.52 1.65
DIVIDENDS DECLARED PER SHARE (in Dollars per share) $ 0.27 $ 0.26 $ 0.53 $ 0.52