XML 23 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest and Dividend Income      
Interest and fees on loans $ 24,821 $ 23,037 $ 21,751
Interest and dividends on securities available for sale:      
Taxable interest income 2,278 1,669 1,645
Interest income exempt from federal income taxes 1,034 925 972
Dividends 61 81 99
Interest on deposits in banks 157 73 26
Total interest and dividend income 28,351 25,785 24,493
Interest Expense      
Interest on deposits 1,084 787 741
Interest on federal funds purchased and securities sold under agreements to repurchase 13 1 10
Interest on Federal Home Loan Bank advances 57 136 336
Interest on trust preferred capital notes 0 0 78
Interest on interest rate swap 0 143 182
Total interest expense 1,154 1,067 1,347
Net interest income 27,197 24,718 23,146
(Recovery Of) Loan Losses (625) (188) (227)
Net interest income after (recovery of) loan losses 27,822 24,906 23,373
Noninterest Income      
Income from fiduciary activities 1,238 1,356 1,338
Service charges on deposit accounts 1,223 1,227 1,244
Other service charges and fees 3,878 3,713 3,375
(Loss) on the sale and disposal of premises and equipment (12) (10) (76)
(Loss) gain on sale of securities (10) 98 124
Gain on redemption of trust preferred capital notes 0 0 2,424
Other operating income 463 285 9
Total noninterest income 6,780 6,669 8,438
Noninterest Expenses      
Salaries and employee benefits 13,643 13,015 12,318
Occupancy expenses 1,473 1,486 1,563
Equipment expenses 955 889 751
Advertising and marketing expenses 731 633 612
Stationery and supplies 173 201 242
ATM network fees 816 903 805
Other real estate owned expense 11 73 336
(Gain) loss on foreclosure and sale of other real estate owned (1) 90 (46)
FDIC assessment 222 304 439
Computer software expense 647 623 696
Bank franchise tax 534 501 505
Professional fees 1,007 949 996
Data processing fees 564 444 380
Other bank service charges 66 209 71
Cost to terminate operating lease 0 0 520
Other operating expenses 2,349 2,332 2,293
Total noninterest expenses 23,190 22,652 22,481
Income before income taxes 11,412 8,923 9,330
Income Tax Expense 3,626 2,553 2,433
Net income $ 7,786 $ 6,370 $ 6,897
Earnings Per Share      
Net income per common share, basic (in US dollars per share) $ 2.24 $ 1.81 $ 1.97
Net income per common share, diluted (in US dollars per share) $ 2.24 $ 1.81 $ 1.97