XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME        
Interest and fees on loans $ 11,856 $ 10,634 $ 34,577 $ 30,929
Interest on investment securities:        
Taxable 726 754 2,217 2,523
Nontaxable 169 119 494 381
Federal funds sold and other overnight interest-bearing deposits 84 19 144 69
Dividends on other securities 101 80 285 231
Total interest income 12,936 11,606 37,717 34,133
Interest on deposits:        
Savings, interest checking and money market 682 291 1,546 874
Time deposit accounts $250,000 and over 119 107 309 235
Other time deposits 463 391 1,252 1,180
Interest on federal funds purchased and securities sold under agreements to repurchase 29 13 78 51
Interest on subordinated notes 450 375 1,290 1,095
Interest on Federal Home Loan Bank advances 440 282 1,182 732
Total interest expense 2,183 1,459 5,657 4,167
Net interest income 10,753 10,147 32,060 29,966
Provision for loan losses 555 300 1,235 975
Net interest income after provision for loan losses 10,198 9,847 30,825 28,991
NON-INTEREST INCOME        
Service charges and other fees 878 882 2,565 2,544
Bank card income and fees 664 593 1,941 1,875
Trust department income 288 216 828 699
Real estate servicing fees, net 70 (4) 557 (36)
Gain on sale of mortgage loans, net 225 266 599 653
Gain on sale of investment securities 0 111 0 602
Other 56 61 197 185
Total non-interest income 2,181 2,125 6,687 6,522
NON-INTEREST EXPENSE        
Salaries and employee benefits 5,515 5,063 16,321 15,718
Occupancy expense, net 719 730 2,027 2,037
Furniture and equipment expense 764 438 1,996 1,288
Processing, network, and bank card expense 831 878 2,803 2,490
Legal, examination, and professional fees 331 277 928 939
FDIC insurance assessment 106 196 322 560
Advertising and promotion 342 283 845 734
Postage, printing, and supplies 234 244 729 771
Real estate foreclosure expense, net 78 49 330 232
Other 846 927 2,502 2,753
Total non-interest expense 9,766 9,085 28,803 27,522
Income before income taxes 2,613 2,887 8,709 7,991
Income tax expense 847 1,003 2,923 2,697
Net income $ 1,766 $ 1,884 $ 5,786 $ 5,294
Basic earnings per share (in dollars per share) $ 0.30 $ 0.32 $ 0.99 $ 0.90
Diluted earnings per share (in dollars per share) $ 0.30 $ 0.32 $ 0.99 $ 0.90