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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest and dividend income:        
Loans, including fees $ 8,323 $ 8,252 $ 25,372 $ 25,289
Securities        
Taxable 463 429 1,365 1,280
Tax exempt 130 140 403 415
Dividends 73 73 219 239
Other Interest 27 10 150 114
9,016 8,904 27,509 27,337
Interest expense:        
Deposits 569 535 1,659 1,686
Other borrowed funds 119 120 360 351
Subordinated debentures 43 41 126 123
731 696 2,145 2,160
Net interest income 8,285 8,208 25,364 25,177
Provision for loan losses (11) (682) 710 1,198
Net interest income after provision for loan losses 8,296 8,890 24,654 23,979
Noninterest income:        
Service charges on deposit accounts 415 436 1,161 1,222
Trust fees 52 55 167 169
Income from bank owned life insurance and annuity assets 172 164 486 494
Mortgage banking income 77 66 191 181
Electronic refund check / deposit fees 12 11 2,362 3,073
Debit / credit card interchange income 604 555 1,769 1,607
Gain on other real estate owned   10 60 2
Gain on sale of securities 28   163  
Gain on sale of ProAlliance Corporation   675   810
Other 224 134 631 578
1,584 2,106 6,990 8,136
Noninterest expense:        
Salaries and employee benefits 4,556 4,213 13,382 12,825
Occupancy 404 390 1,194 1,179
Furniture and equipment 192 227 564 559
FDIC insurance 144 121 442 361
Data processing 323 310 1,053 924
Foreclosed assets 74 28 171 130
Other 2,034 1,955 5,902 5,558
7,727 7,244 22,708 21,536
Income before income taxes 2,153 3,752 8,936 10,579
Provision for income taxes 511 1,010 2,260 2,929
NET INCOME $ 1,642 $ 2,742 $ 6,676 $ 7,650
Earnings per share (in Dollars per share) $ 0.40 $ 0.67 $ 1.62 $ 1.87