XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest and Dividend Income        
Interest and fees on loans $ 6,548 $ 5,658 $ 18,392 $ 17,250
Interest and dividends on securities available for sale:        
Taxable interest income 563 354 1,704 1,276
Interest income exempt from federal income taxes 257 230 781 695
Dividends 17 22 41 68
Interest on deposits with other institutions 73 15 110 53
Total interest and dividend income 7,458 6,279 21,028 19,342
Interest Expense        
Interest on deposits 311 196 732 591
Interest on federal funds purchased 1 1 14 1
Interest on Federal Home Loan Bank advances 39 7 57 136
Interest on interest rate swap 0 38 0 118
Total interest expense 351 242 803 846
Net interest income 7,107 6,037 20,225 18,496
(Recovery of) Loan Losses (2) (125) (759) (46)
Net interest income after (recovery of) loan losses 7,109 6,162 20,984 18,542
Noninterest Income        
Income from fiduciary activities 236 315 837 1,023
Service charges on deposit accounts 310 321 904 901
Other service charges and fees 1,057 999 2,967 2,820
Gain on sale of securities 26 8 77 94
Other operating (loss) income (12) 44 103 222
Total noninterest income 1,617 1,687 4,888 5,060
Noninterest Expenses        
Salaries and employee benefits 3,513 3,251 10,227 9,828
Occupancy expenses 358 356 1,102 1,131
Equipment expenses 222 215 720 684
Advertising and marketing expenses 190 151 543 498
Stationery and supplies 49 68 137 169
ATM network fees 203 242 606 678
Other real estate owned expense 0 50 11 52
(Gain) loss on valuation adjustments and sales of other real estate owned 0 (12) (1) 35
FDIC assessment 56 103 163 307
Computer software expense 150 180 505 447
Bank franchise tax 137 125 396 376
Professional fees 212 266 770 775
Data processing fees 166 146 422 342
Other operating expenses 653 730 1,766 1,935
Total noninterest expenses 5,909 5,871 17,367 17,257
Income before income taxes 2,817 1,978 8,505 6,345
Income Tax Expense 810 548 2,429 1,780
Net income $ 2,007 $ 1,430 $ 6,076 $ 4,565
Earnings Per Share        
Net income per common share, basic $ 0.58 $ 0.40 $ 1.75 $ 1.29
Net income per common share, diluted $ 0.58 $ 0.40 $ 1.75 $ 1.29