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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest and Dividend Income        
Interest and fees on loans $ 5,500 $ 4,854 $ 16,106 $ 14,082
Interest on deposits in banks 73 61 183 134
Interest and dividends on securities:        
Taxable interest 613 713 2,037 1,611
Tax-exempt interest 136 116 425 258
Dividends 20 20 60 59
Total interest and dividend income 6,342 5,764 18,811 16,144
Interest Expense        
Interest on deposits 338 282 1,000 848
Interest on federal funds purchased     3 2
Interest on subordinated debt 91   270  
Interest on junior subordinated debt 65 56 190 165
Interest on other borrowings 1   6 3
Total interest expense 495 338 1,469 1,018
Net interest income 5,847 5,426 17,342 15,126
Provision for loan losses       (100)
Net interest income after provision for loan losses 5,847 5,426 17,342 15,226
Noninterest Income        
Service charges on deposit accounts 941 897 2,635 2,196
ATM and check card fees 529 529 1,532 1,375
Wealth management fees 339 477 1,009 1,479
Fees for other customer services 143 172 427 463
Income from bank owned life insurance 123 106 316 270
Net gains (losses) on calls and sales of securities available for sale 4   10 (52)
Net gains on sale of loans 50 53 102 158
Bargain purchase gain       201
Other operating income 182 10 335 54
Total noninterest income 2,311 2,244 6,366 6,144
Noninterest Expense        
Salaries and employee benefits 3,183 3,637 10,042 10,359
Occupancy 380 396 1,169 1,052
Equipment 406 400 1,232 1,103
Marketing 125 176 352 436
Supplies 108 116 312 690
Legal and professional fees 179 243 646 886
ATM and check card fees 229 236 655 581
FDIC assessment 106 134 354 265
Bank franchise tax 89 131 282 383
Telecommunications expense 110 131 339 316
Data processing expense 160 130 434 543
Postage expense 56 73 182 270
Amortization expense 187 226 592 426
Other real estate owned (income) expense, net 1 144 (120) 260
Net losses on disposal of premises and equipment 8   8  
Other operating expense 526 528 1,374 1,473
Total noninterest expense 5,853 6,701 17,853 19,043
Income before income taxes 2,305 969 5,855 2,327
Income tax expense 611 243 1,629 613
Net income 1,694 726 4,226 1,714
Effective dividend on preferred stock   328   985
Net income available to common shareholders $ 1,694 $ 398 $ 4,226 $ 729
Earnings per common share        
Basic $ 0.34 $ 0.08 $ 0.86 $ 0.15
Diluted $ 0.34 $ 0.08 $ 0.86 $ 0.15