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Condensed Consolidated Income Statement (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Loans    
Taxable $ 8,140 $ 6,800
Tax exempt 21 20
Securities    
Taxable 573 461
Tax exempt 117 133
Total interest income 8,851 7,414
Interest expense    
Deposits 975 748
Repurchase agreements & other 10 4
Federal Home Loan Bank advances 79 86
Trust preferred securities 87 70
Total interest expense 1,151 908
Net interest income 7,700 6,506
Provision for loan losses 300
Net interest income after provision for loan losses 7,400 6,506
Noninterest income    
Wealth management fees 739 667
Customer service fees 644 640
Gain on sale of mortgage loans & OMSR's 1,100 1,250
Mortgage loan servicing fees, net 471 383
Gain on sale of non-mortgage loans 660 430
Data service fees 193
Gain/(loss) on sale/disposal of assets (39) 2
Other income 668 237
Total noninterest income 4,243 3,802
Noninterest expense    
Salaries and employee benefits 4,939 4,386
Net occupancy expense 649 560
Equipment expense 829 641
Data processing fees 438 370
Professional fees 419 363
Marketing expense 221 195
Telephone and communications 122 116
Postage and delivery expense 74 174
State, local and other taxes 186 167
Employee expense 166 145
Other expenses 584 265
Total noninterest expense 8,627 7,382
Income before income tax expense 3,016 2,926
Income tax expense 563 933
Net income 2,453 1,993
Preferred Stock Dividends 244 244
Net income available to common shareholders $ 2,209 $ 1,749
Common share data:    
Basic earnings per common share $ 0.4 $ 0.36
Diluted earnings per common share $ 0.35 $ 0.31
Average common shares outstanding (in thousands):    
Basic: 5,519 4,855
Diluted: 7,055 6,387