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Consolidated Statement of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
INTEREST INCOME        
Interest and fees on loans $ 5,971 $ 5,646 $ 17,656 $ 16,915
Interest-bearing deposits in other institutions 6 5 26 19
Federal funds sold 4 2 12 11
Investment securities:        
Taxable interest 341 441 1,115 1,476
Tax-exempt interest 809 798 2,373 2,336
Dividends on stock 20 19 70 62
Total interest income 7,151 6,911 21,252 20,819
INTEREST EXPENSE        
Deposits 876 898 2,581 2,767
Short-term borrowings 30 38 100 111
Other borrowings 20 30 66 94
Trust preferred securities 33 33 85 93
Total interest expense 959 999 2,832 3,065
NET INTEREST INCOME 6,192 5,912 18,420 17,754
Provision for loan losses 105 70 210 370
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 6,087 5,842 18,210 17,384
NONINTEREST INCOME        
Service charges on deposit accounts 471 489 1,382 1,399
Investment securities gains, net 211 190 257 248
Earnings on bank-owned life insurance 101 71 262 206
Gain on sale of loans 113 20 286 20
Other income 212 220 679 689
Total noninterest income 1,108 990 2,866 2,562
NONINTEREST EXPENSE        
Salaries and employee benefits 2,285 2,144 7,205 6,428
Occupancy expense 305 272 945 868
Equipment expense 249 296 706 710
Data processing costs 287 251 798 689
Ohio state franchise tax 75 93 225 269
Federal deposit insurance expense 120 132 352 361
Professional fees 229 189 825 814
Loss on other real estate owned 24 49 72 119
Advertising expense 195 120 586 367
Other real estate expense 116 91 449 256
Directors fees 98 99 343 303
Other expense 686 649 2,191 2,028
Total noninterest expense 4,669 4,385 14,697 13,212
Income before income taxes 2,526 2,447 6,379 6,734
Income taxes 544 529 1,264 1,442
NET INCOME $ 1,982 $ 1,918 $ 5,115 $ 5,292
EARNINGS PER SHARE        
Basic (in Dollars per share) $ 0.96 $ 0.94 $ 2.49 $ 2.60
Diluted (in Dollars per share) 0.96 0.93 2.47 2.59
DIVIDENDS DECLARED PER SHARE (in Dollars per share) $ 0.27 $ 0.26 $ 0.80 $ 0.78