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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 and Dividend Income        
Interest and fees on loans $ 6,138 $ 5,500 $ 17,717 $ 16,106
Interest on deposits in banks 92 73 239 183
Interest and dividends on securities:        
Taxable interest 637 613 1,933 2,037
Tax-exempt interest 148 136 436 425
Dividends 21 20 62 60
Total interest and dividend income 7,036 6,342 20,387 18,811
Interest Expense        
Interest on deposits 446 338 1,234 1,000
Interest on federal funds purchased 0 0 0 3
Interest on subordinated debt 91 91 269 270
Interest on junior subordinated debt 79 65 223 190
Interest on other borrowings 0 1 0 6
Total interest expense 616 495 1,726 1,469
Net interest income 6,420 5,847 18,661 17,342
Provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 6,420 5,847 18,661 17,342
Noninterest Income        
Service charges on deposit accounts 760 941 2,250 2,635
ATM and check card fees 516 529 1,544 1,532
Wealth management fees 359 339 1,061 1,009
Fees for other customer services 131 143 408 427
Income from bank owned life insurance 117 123 304 316
Net gains on calls and sales of securities available for sale 11 4 24 10
Net gains on sale of loans 54 50 121 102
Other operating income 69 182 224 335
Total noninterest income 2,017 2,311 5,936 6,366
Noninterest Expense        
Salaries and employee benefits 3,221 3,183 9,585 10,042
Occupancy 379 380 1,094 1,169
Equipment 400 406 1,208 1,232
Marketing 138 125 410 352
Supplies 81 108 277 312
Legal and professional fees 216 179 658 646
ATM and check card fees 205 229 596 655
FDIC assessment 84 106 240 354
Bank franchise tax 111 89 325 282
Telecommunications expense 95 110 313 339
Data processing expense 153 160 455 434
Postage expense 62 56 197 182
Amortization expense 151 187 480 592
Other real estate owned expense (income), net 0 1 6 (120)
Net losses on disposal of premises and equipment 0 8 0 8
Other operating expense 511 526 1,419 1,374
Total noninterest expense 5,807 5,853 17,263 17,853
Income before income taxes 2,630 2,305 7,334 5,855
Income tax expense 798 611 2,203 1,629
Net income $ 1,832 $ 1,694 $ 5,131 $ 4,226
Earnings per common share        
Basic (in usd per share) $ 0.37 $ 0.34 $ 1.04 $ 0.86
Diluted (in usd per share) $ 0.37 $ 0.34 $ 1.04 $ 0.86