XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statement of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 9,916 $ 6,317 $ 19,096 $ 12,490
Interest-bearing deposits in other institutions 92 15 141 27
Federal funds sold 1 5 4 9
Investment securities:        
Taxable interest 223 290 441 630
Tax-exempt interest 630 750 1,267 1,540
Dividends on stock 40 28 152 57
Total interest and dividend income 10,902 7,405 21,101 14,753
INTEREST EXPENSE        
Deposits 1,227 889 2,352 1,744
Short-term borrowings 273 115 450 235
Other borrowings 125 62 265 112
Total interest expense 1,625 1,066 3,067 2,091
NET INTEREST INCOME 9,277 6,339 18,034 12,662
Provision for loan losses 170 105 335 210
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 9,107 6,234 17,699 12,452
NONINTEREST INCOME        
Service charges on deposit accounts 449 491 918 938
Investment securities gains, net 252 488 303
Earnings on bank-owned life insurance 98 97 207 196
Gain on sale of loans 231 106 465 193
Other income 211 227 422 452
Total noninterest income 989 1,173 2,500 2,082
NONINTEREST EXPENSE        
Salaries and employee benefits 3,203 2,283 6,899 5,063
Occupancy expense 433 292 921 627
Equipment expense 266 210 547 479
Data processing costs 588 322 908 594
Ohio state franchise tax 186 162 372 262
Federal deposit insurance expense 135 132 203 264
Professional fees 423 218 796 510
Net loss on other real estate owned 15 141 70 199
Advertising expense 164 203 412 398
Directors fees 128 121 240 228
Core deposit intangible amortization 103 10 175 20
Appraiser fees 104 119 206 220
ATM fees 28 98 104 194
Merger expense 307 694
Other expense 621 604 1,424 1,195
Total noninterest expense 6,704 4,915 13,971 10,253
Income before income taxes 3,392 2,492 6,228 4,281
Income taxes 885 566 1,621 868
NET INCOME $ 2,507 $ 1,926 $ 4,607 $ 3,413
EARNINGS PER SHARE        
Basic (in dollars per share) $ 0.84 $ 0.94 $ 1.62 $ 1.74
Diluted (in dollars per share) 0.83 0.94 1.61 1.73
DIVIDENDS DECLARED PER SHARE (in dollars per share) $ 0.27 $ 0.27 $ 0.54 $ 0.54