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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Loans, including fees $ 5,090 $ 4,953 $ 15,313 $ 14,509
Securities - Taxable 939 1,171 2,928 3,561
Securities - Tax-exempt 664 622 1,969 1,856
Federal funds sold and interest bearing bank deposits 57 33 147 105
Total interest income 6,750 6,779 20,357 20,031
Interest expense:        
Deposits 1,017 1,221 3,139 3,733
Short-term borrowings 4 5 14 14
Long-term debt interest expense 59 105 223 313
Total interest expense 1,080 1,331 3,376 4,060
Net interest income 5,670 5,448 16,981 15,971
Provision for loan losses 200 300 200 (100)
Net interest income after provision for loan losses 5,470 5,148 16,781 16,071
Noninterest income:        
Service charges on deposit accounts 209 228 624 660
Mortgage lending 362 534 1,153 1,268
Bank-owned life insurance income 116 124 629 375
Other noninterest income 358 366 1,124 1,081
Securities gains (losses), net:        
Realized gains (losses), net 11 (235) 14 (197)
Total other-than-temporary impairments 0 0 0 (333)
Total securities gains (losses), net 11 (235) 14 (530)
Total noninterest income 1,056 1,017 3,544 2,854
Noninterest expense:        
Salaries and benefits 2,255 2,199 6,814 6,701
Net occupancy and equipment 405 346 1,125 1,039
Professional fees 191 204 610 635
FDIC and other regulatory assessments 120 125 363 399
Other real estate owned, net 1 (237) 19 (181)
Prepayment penalties on long-term debt 0 0 362 0
Other noninterest expense 920 947 2,942 2,731
Total noninterest expense 3,892 3,584 12,235 11,324
Earnings before income taxes 2,634 2,581 8,090 7,601
Income tax expense 724 709 2,168 2,049
Net earnings $ 1,910 $ 1,872 $ 5,922 $ 5,552
Net earnings per share:        
Basic and diluted earnings per share $ 0.52 $ 0.51 $ 1.63 $ 1.52
Weighted average shares outstanding:        
Basic and diluted weighted average shares outstanding 3,643,455 3,643,328 3,643,411 3,643,262