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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest and dividend income:      
Loans, including fees $ 36,266 $ 33,481 $ 33,635
Securities:      
Taxable 1,961 1,849 1,717
Tax exempt 445 526 555
Dividends 302 293 312
Other interest 374 185 136
39,348 36,334 36,355
Interest expense:      
Deposits 2,154 2,191 2,236
Other borrowed funds 664 478 474
Subordinated debentures 204 170 165
3,022 2,839 2,875
Net interest income 36,326 33,495 33,480
Provision for loan losses 2,826 1,090 2,787
Net interest income after provision for loan losses 33,500 32,405 30,693
Noninterest income:      
Service charges on deposit accounts 1,977 1,573 1,627
Trust fees 227 221 223
Income from bank owned life insurance and annuity assets 725 681 672
Mortgage banking income 227 242 228
Electronic refund check / deposit fees 2,048 2,371 3,133
Debit / credit card interchange income 2,594 2,399 2,174
Gain (loss) on other real estate owned (467) 99 113
Gain on sale of securities 163
Gain on sale of ProAlliance Corporation 810
Other 908 848 813
8,239 8,597 9,793
Noninterest expense:      
Salaries and employee benefits 18,874 17,498 17,878
Occupancy 1,846 1,599 1,585
Furniture and equipment 922 801 757
Professional fees 1,362 1,375 1,151
Marketing expense 915 860 1,004
FDIC insurance 455 583 483
Data processing 1,455 1,259 1,127
Software 1,316 1,123 1,014
Foreclosed assets 357 347 185
Amortization of intangibles 68
Merger related expenses 930
Other 4,399 4,174 4,109
32,899 29,619 29,293
Income before income taxes 8,840 11,383 11,193
Income tax benefit 1,920 2,809 3,120
NET INCOME $ 6,920 $ 8,574 $ 8,073
Earnings per share (in dollars per share) $ 1.59 $ 2.08 $ 1.97