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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Loans    
Taxable $ 6,800 $ 6,260
Nontaxable 20 9
Securities    
Taxable 461 402
Nontaxable 133 156
Total interest income 7,414 6,827
Interest expense    
Deposits 748 545
Repurchase Agreements & Other 4 5
Federal Home Loan Bank advances 86 106
Trust preferred securities 70 59
Total interest expense 908 715
Net interest income 6,506 6,112
Provision for loan losses 250
Net interest income after provision for loan losses 6,506 5,862
Noninterest income    
Wealth Management Fees 667 633
Customer service fees 640 680
Gain on sale of mtg. loans & OMSR's 1,250 1,383
Mortgage loan servicing fees, net 383 (446)
Gain on sale of non-mortgage loans 430 449
Data service fees 193 277
Net gain on sale of securities 111
Gain/(loss) on sale/disposal of assets 2 22
Other income 237 330
Total non-interest income 3,802 3,439
Noninterest expense    
Salaries and employee benefits 4,386 3,779
Net occupancy expense 560 565
Equipment expense 641 595
Data processing fees 370 305
Professional fees 363 316
Marketing expense 195 171
Telephone and communication 116 99
Postage and delivery expense 174 197
State, local and other taxes 167 99
Employee expense 145 118
Other expenses 265 651
Total non-interest expense 7,382 6,895
Income before income tax expense 2,926 2,406
Income tax expense 933 751
Net income 1,993 1,655
Preferred Stock Dividends 244 244
Net income available to common shareholders $ 1,749 $ 1,411
Common share data:    
Basic earnings per common share $ 0.36 $ 0.29
Diluted earnings per common share $ 0.31 $ 0.26
Average common shares outstanding (in thousands):    
Basic: 4,855 4,896
Diluted: 6,387 6,401