XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest and Dividend Income    
Interest and fees on loans $ 6,305 $ 5,646
Interest on deposits in banks 160 61
Interest and dividends on securities:    
Taxable interest 680 662
Tax-exempt interest 145 143
Dividends 22 20
Total interest and dividend income 7,312 6,532
Interest Expense    
Interest on deposits 590 383
Interest on subordinated debt 89 89
Interest on junior subordinated debt 86 68
Total interest expense 765 540
Net interest income 6,547 5,992
Provision for loan losses 100 0
Net interest income after provision for loan losses 6,447 5,992
Noninterest Income    
Service charges on deposit accounts 762 755
ATM and check card fees 519 501
Wealth management fees 407 347
Fees for other customer services 153 140
Income from bank owned life insurance 559 93
Net gains on sale of loans 9 33
Other operating income 224 72
Total noninterest income 2,633 1,941
Noninterest Expense    
Salaries and employee benefits 3,383 3,242
Occupancy 400 367
Equipment 423 408
Marketing 109 136
Supplies 80 91
Legal and professional fees 191 197
ATM and check card expense 203 162
FDIC assessment 82 79
Bank franchise tax 115 104
Telecommunications expense 36 110
Data processing expense 162 150
Postage expense 61 61
Amortization expense 131 169
Other real estate owned (income) expense, net (23) 2
Other operating expense 513 473
Total noninterest expense 5,866 5,751
Income before income taxes 3,214 2,182
Income tax expense 527 639
Net income $ 2,687 $ 1,543
Earnings per common share    
Basic (in usd per share) $ 0.54 $ 0.31
Diluted (in usd per share) $ 0.54 $ 0.31