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Consolidated Statements 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 INCOME        
Interest and fees on loans $ 11,671 $ 10,308 $ 22,721 $ 20,295
Interest on investment securities:        
Taxable 737 831 1,491 1,769
Nontaxable 168 119 325 262
Federal funds sold and other overnight interest-bearing deposits 11 17 60 50
Dividends on other securities 94 75 184 151
Total interest income 12,681 11,350 24,781 22,527
Interest on deposits:        
Savings, interest checking and money market 475 287 864 582
Time deposit accounts $250,000 and over 99 85 191 153
Other time deposits 410 383 789 764
Interest on federal funds purchased and securities sold under agreements to repurchase 27 15 49 39
Interest on subordinated notes 431 366 840 720
Interest on Federal Home Loan Bank advances 419 243 741 450
Total interest expense 1,861 1,379 3,474 2,708
Net interest income 10,820 9,971 21,307 19,819
Provision for loan losses 330 425 680 675
Net interest income after provision for loan losses 10,490 9,546 20,627 19,144
NON-INTEREST INCOME        
Service charges and other fees 851 828 1,687 1,662
Bank card income and fees 663 648 1,277 1,282
Trust department income 266 265 540 483
Real estate servicing fees, net 34 (86) 487 (32)
Gain on sale of mortgage loans, net 218 222 374 387
Gain on sale of investment securities 0 18 0 490
Other 67 54 141 125
Total non-interest income 2,099 1,949 4,506 4,397
NON-INTEREST EXPENSE        
Salaries and employee benefits 5,352 5,305 10,806 10,655
Occupancy expense, net 689 673 1,307 1,306
Furniture and equipment expense 634 439 1,232 850
Processing, network, and bank card expense 927 840 1,972 1,611
Legal, examination, and professional fees 317 328 597 662
FDIC insurance assessment 115 188 216 364
Advertising and promotion 265 242 503 452
Postage, printing, and supplies 263 291 495 527
Real estate foreclosure expense, net 226 42 253 183
Other 899 1,005 1,656 1,826
Total non-interest expense 9,687 9,353 19,037 18,436
Income before income taxes 2,902 2,142 6,096 5,105
Income tax expense 983 730 2,076 1,695
Net income $ 1,919 $ 1,412 $ 4,020 $ 3,410
Basic earnings per share (in dollars per share) $ 0.33 $ 0.24 $ 0.69 $ 0.58
Diluted earnings per share (in dollars per share) $ 0.33 $ 0.24 $ 0.69 $ 0.58