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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Loans, including fees $ 5,217 $ 4,766 $ 10,223 $ 9,556
Securities - Taxable 949 1,214 1,989 2,390
Securities - Tax-exempt 654 607 1,305 1,234
Federal funds sold and interest bearing bank deposits 51 30 90 72
Total interest income 6,871 6,617 13,607 13,252
Interest expense:        
Deposits 1,020 1,255 2,122 2,512
Short-term borrowings 4 5 10 9
Long-term debt interest expense 59 104 164 208
Total interest expense 1,083 1,364 2,296 2,729
Net interest income 5,788 5,253 11,311 10,523
Provision for loan losses 0 0 0 (400)
Net interest income after provision for loan losses 5,788 5,253 11,311 10,923
Noninterest income:        
Service charges on deposit accounts 209 219 415 432
Mortgage lending 457 348 791 734
Bank-owned life insurance income 112 125 513 251
Other noninterest income 389 377 766 715
Securities gains (losses), net:        
Realized gains, net 0 12 3 38
Total other-than-temporary impairments 0 0 0 (333)
Total securities gains (losses), net 0 12 3 (295)
Total noninterest income 1,167 1,081 2,488 1,837
Noninterest expense:        
Salaries and benefits 2,291 2,221 4,559 4,502
Net occupancy and equipment 362 341 720 693
Professional fees 218 225 419 431
FDIC and other regulatory assessments 118 129 243 274
Other real estate owned, net 1 (62) 18 56
Prepayment penalties on long-term debt 0 0 362 0
Other noninterest expense 1,039 938 2,022 1,784
Total noninterest expense 4,029 3,792 8,343 7,740
Earnings before income taxes 2,926 2,542 5,456 5,020
Income tax expense 776 683 1,444 1,340
Net earnings $ 2,150 $ 1,859 $ 4,012 $ 3,680
Net earnings per share:        
Basic and diluted earnings per share $ 0.59 $ 0.51 $ 1.1 $ 1.01
Weighted average shares outstanding:        
Basic and diluted weighted average shares outstanding 3,643,413 3,643,295 3,643,389 3,643,228