XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST INCOME:    
Interest and fees on loans $ 8,915 $ 8,627
Interest on investment securities:    
Taxable 1,093 1,189
Non-taxable 799 758
Other investments 57 47
TOTAL INTEREST INCOME 10,864 10,621
INTEREST EXPENSE:    
Interest on deposits 843 823
Interest on short-term borrowings 30 14
Interest on long-term debt 4 12
TOTAL INTEREST EXPENSE 877 849
NET INTEREST INCOME 9,987 9,772
PROVISION FOR LOAN LOSSES 15 90
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 9,972 9,682
NON-INTEREST INCOME:    
Trust income 852 763
Service charges and fees on deposit accounts 1,222 1,193
Net gain on sales of securities 0 371
Bank owned life insurance income 189 169
Gains from sales of loans 39 41
Other operating income 128 105
TOTAL NON-INTEREST INCOME 2,430 2,642
NON-INTEREST EXPENSE:    
Salaries and employee benefits 4,526 4,563
Equipment expenses 211 249
Occupancy expense, net 568 569
State franchise tax 284 281
Marketing 143 167
Amortization of intangibles 185 187
FDIC insurance premiums 104 165
Other non-interest expense 1,947 2,111
TOTAL NON-INTEREST EXPENSE 7,968 8,292
INCOME BEFORE INCOME TAXES 4,434 4,032
PROVISION FOR INCOME TAXES 1,188 1,068
NET INCOME $ 3,246 $ 2,964
Dividends declared per common share (usd per share) $ 0.16 $ 0.16
Earnings per common share:    
Basic (usd per share) 0.32 0.30
Diluted (usd per share) $ 0.32 $ 0.30
Weighted average common shares outstanding:    
Basic (in shares) 9,995,054 9,916,114
Diluted (in shares) 10,002,878 9,996,826