XML 27 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest income:      
Interest and fees on loans $ 32,452 $ 31,098 $ 30,305
Interest on due from banks 123 26 65
Interest on investment securities:      
U.S. Government sponsored enterprises 2,531 2,616 2,995
States and political subdivisions 4,454 4,600 4,677
Other 249 326 378
Total interest income 39,809 38,666 38,420
Interest expense:      
NOW, MMDA & savings deposits 495 432 499
Time deposits 586 870 1,188
FHLB borrowings 1,661 1,735 2,166
Junior subordinated debentures 485 402 389
Other 44 45 45
Total interest expense 3,271 3,484 4,287
Net interest income 36,538 35,182 34,133
(Reduction of) provision for loan losses (1,206) (17) (699)
Net interest income after provision for loan losses 37,744 35,199 34,832
Non-interest income:      
Service charges 4,497 4,647 4,961
Other service charges and fees 890 931 1,080
Gain on sale of securities 729 0 266
Mortgage banking income 1,428 1,130 804
Insurance and brokerage commissions 632 714 701
Gain/(loss) on sales and write-downs of other real estate 64 245 (622)
Miscellaneous 5,736 5,645 4,974
Total non-interest income 13,976 13,312 12,164
Non-interest expense:      
Salaries and employee benefits 19,264 18,285 17,530
Occupancy 6,765 6,288 6,251
Professional fees 2,439 1,468 1,401
Advertising 1,136 784 804
Debit card expense 1,141 988 905
FDIC insurance 494 681 739
Other 8,743 7,284 8,041
Total non-interest expense 39,982 35,778 35,671
Earnings before income taxes 11,738 12,733 11,325
Income tax expense 2,561 3,100 1,937
Net earnings 9,177 9,633 9,388
Net earnings available to common shareholders $ 9,177 $ 9,633 $ 9,388
Basic net earnings per common share $ 1.68 $ 1.73 $ 1.67
Diluted net earnings per common share 1.65 1.72 1.66
Cash dividends declared per common share $ 0.38 $ 0.28 $ 0.18