XML 18 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statement of Income - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
INTEREST INCOME      
Interest and fees on loans $ 23,824,000 $ 22,726,000 $ 22,496,000
Interest-bearing deposits in other institutions 33,000 24,000 30,000
Federal funds sold 13,000 14,000 15,000
Investment securities:      
Taxable interest 1,467,000 1,896,000 2,514,000
Tax-exempt interest 3,160,000 3,127,000 3,044,000
Dividends on stock 98,000 87,000 79,000
Total interest income 28,595,000 27,874,000 28,178,000
INTEREST EXPENSE      
Deposits 3,426,000 3,633,000 4,709,000
Short-term borrowings 194,000 148,000 178,000
Federal funds purchased     7,000
Other borrowings 83,000 118,000 166,000
Trust preferred securities 117,000 171,000 190,000
Total interest expense 3,820,000 4,070,000 5,250,000
NET INTEREST INCOME 24,775,000 23,804,000 22,928,000
Provision for loan losses 315,000 370,000 196,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 24,460,000 23,434,000 22,732,000
NONINTEREST INCOME      
Service charges on deposit accounts 1,874,000 1,876,000 1,956,000
Investment securities gains, net 323,000 248,000 11,000
Earnings on bank-owned life insurance 624,000 276,000 280,000
Gains on sale of loans 329,000 237,000  
Other income 894,000 951,000 898,000
Total noninterest income 4,044,000 3,588,000 3,145,000
NONINTEREST EXPENSE      
Salaries and employee benefits 9,751,000 8,817,000 7,913,000
Occupancy expense 1,253,000 1,108,000 1,231,000
Equipment expense 944,000 963,000 950,000
Data processing costs 1,071,000 917,000 854,000
Ohio state franchise tax 300,000 342,000 618,000
Federal deposit insurance expense 472,000 449,000 516,000
Professional fees 1,247,000 1,086,000 1,174,000
(Gain) loss on other real estate owned (48,000) 183,000 18,000
Advertising expenses 721,000 488,000 445,000
Other real estate expenses 611,000 387,000 410,000
Directors fees 451,000 403,000 403,000
Other expense 3,264,000 2,667,000 2,298,000
Total noninterest expense 20,077,000 17,850,000 16,870,000
Income before income taxes 8,427,000 9,172,000 9,007,000
Income taxes 1,562,000 1,992,000 1,979,000
NET INCOME $ 6,865,000 $ 7,180,000 $ 7,028,000
EARNINGS PER SHARE      
Basic (in Dollars per share) $ 3.41 $ 3.52 $ 3.48
Diluted (in Dollars per share) 3.39 3.50 3.47
DIVIDENDS DECLARED PER SHARE (in Dollars per share) $ 1.07 $ 1.04 $ 1.04
Core Deposits [Member]      
NONINTEREST EXPENSE      
Core deposit intangible amortization $ 40,000 $ 40,000 $ 40,000