XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Loans:        
Taxable $ 5,330 $ 5,189 $ 15,750 $ 15,745
Tax-exempt 62 68 189 211
Investment securities:        
Taxable 1,089 1,115 3,424 3,458
Tax-exempt 869 828 2,533 2,242
Total interest income 7,350 7,200 21,896 21,656
Interest expense:        
Deposits 285 265 849 815
Borrowings 513 508 1,529 1,496
Total interest expense 798 773 2,378 2,311
Net interest income 6,552 6,427 19,518 19,345
Provision for loan losses 150 100 500 (700)
Net interest income after provision for loan losses 6,402 6,327 19,018 20,045
Non-interest income:        
Fees and service charges 1,873 1,922 5,449 5,417
Gains on sales of loans, net 1,219 2,013 4,418 6,207
Bank owned life insurance 125 131 390 376
Gains (losses) on sales of investment securities, net 261 135 558 (119)
Other 264 275 769 1,040
Total non-interest income 3,742 4,476 11,584 12,921
Non-interest expense:        
Compensation and benefits 3,903 3,885 11,481 11,451
Occupancy and equipment 1,131 1,073 3,242 3,203
Amortization of intangibles 373 340 1,041 1,021
Data processing 369 352 1,026 1,041
Professional fees 258 233 759 726
Advertising 166 184 498 433
Federal deposit insurance premiums 75 97 295 321
Foreclosure and real estate owned expense 60 10 176 55
Other 1,059 1,134 3,249 3,611
Total non-interest expense 7,394 7,308 21,767 21,862
Earnings before income taxes 2,750 3,495 8,835 11,104
Income tax expense 656 966 2,219 3,182
Net earnings $ 2,094 $ 2,529 $ 6,616 $ 7,922
Earnings per share:        
Basic (in dollars per share) [1],[2] $ 0.57 $ 0.72 $ 1.83 $ 2.26
Diluted (in dollars per share) [1],[2] 0.56 0.70 1.80 2.19
Dividends per share (in dollars per share) [1] $ 0.20 $ 0.18 $ 0.60 $ 0.54
[1] Per share amounts for the periods ended September 30, 2015 have been adjusted to give effect to the 5% stock dividend paid during December 2015.
[2] Share and per share values for the periods ended September 30, 2015 have been adjusted to give effect to the 5% stock dividend paid during December 2015.