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Consolidated Statement of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Core Deposits [Member]        
NONINTEREST EXPENSE        
Core deposit intangible amortization $ 10 $ 10 $ 30 $ 30
Interest and fees on loans 6,459 5,971 18,949 17,656
Interest-bearing deposits in other institutions 15 6 42 26
Federal funds sold 7 4 16 12
Taxable interest 235 341 865 1,115
Tax-exempt interest 687 809 2,227 2,373
Dividends on stock 17 20 74 70
Total interest and dividend income 7,420 7,151 22,173 21,252
Deposits 921 876 2,665 2,581
Short-term borrowings 49 30 288 100
Other borrowings 14 20 47 66
Trust preferred securities 42 33 117 85
Total interest expense 1,026 959 3,117 2,832
NET INTEREST INCOME 6,394 6,192 19,056 18,420
Provision for loan losses 105 105 315 210
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 6,289 6,087 18,741 18,210
Service charges on deposit accounts 505 471 1,443 1,382
Investment securities gains, net 211 303 257
Earnings on bank-owned life insurance 101 101 297 262
Gain on sale of loans 129 113 322 286
Other income 242 212 694 679
Total noninterest income 977 1,108 3,059 2,866
Salaries and employee benefits 2,677 2,285 7,740 7,205
Occupancy expense 306 305 933 945
Equipment expense 221 249 700 706
Data processing costs 334 287 928 798
Ohio state franchise tax 186 75 448 225
Federal deposit insurance expense 132 120 396 352
Professional fees 547 229 1,057 825
Loss (gain) on other real estate owned (49) 24 (52) 72
Advertising expense 206 195 604 586
Other real estate expense 97 116 299 449
Directors fees 102 98 330 343
Appraiser fees 114 97 334 327
ATM fees 102 89 296 295
Other expense 677 490 1,872 1,539
Total noninterest expense 5,662 4,669 15,915 14,697
Income before income taxes 1,604 2,526 5,885 6,379
Income taxes 261 544 1,129 1,264
NET INCOME $ 1,343 $ 1,982 $ 4,756 $ 5,115
EARNINGS PER SHARE        
Basic (in dollars per share) $ 0.60 $ 0.96 $ 2.31 $ 2.49
Diluted (in dollars per share) 0.60 0.96 2.30 2.47
Cash dividends (in dollars per share) $ 0.27 $ 0.27 $ 0.81 $ 0.80