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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
Interest income:        
Loans, including fees $ 5,105 $ 5,090 $ 15,373 $ 15,313
Securities - Taxable 747 939 2,420 2,928
Securities - Tax-exempt 616 664 1,864 1,969
Federal funds sold and interest bearing bank deposits 191 57 473 147
Total interest income 6,659 6,750 20,130 20,357
Interest expense:        
Deposits 984 1,017 2,932 3,139
Short-term borrowings 4 4 11 14
Long-term debt interest expense 63 59 190 223
Total interest expense 1,051 1,080 3,133 3,376
Net interest income 5,608 5,670 16,997 16,981
Provision for loan losses 0 200 (600) 200
Net interest income after provision for loan losses 5,608 5,470 17,597 16,781
Noninterest income:        
Service charges on deposit accounts 197 209 588 624
Mortgage lending 246 362 740 1,153
Bank-owned life insurance income 114 116 339 629
Other noninterest income 358 358 1,075 1,124
Securities gains, net 148 11 148 14
Total noninterest income 1,063 1,056 2,890 3,544
Noninterest expense:        
Salaries and benefits 2,471 2,255 7,322 6,814
Net occupancy and equipment 389 405 1,107 1,125
Professional fees 220 191 625 610
FDIC and other regulatory assessments 76 120 320 363
Other real estate owned, net (194) 1 (217) 19
Prepayment penalties on long-term debt 0 0 0 362
Other noninterest expense 1,018 920 2,953 2,942
Total noninterest expense 3,980 3,892 12,110 12,235
Earnings before income taxes 2,691 2,634 8,377 8,090
Income tax expense 740 724 2,304 2,168
Net earnings $ 1,951 $ 1,910 $ 6,073 $ 5,922
Net earnings per share:        
Basic and diluted earnings per share $ 0.54 $ 0.52 $ 1.67 $ 1.63
Weighted average shares outstanding:        
Basic and diluted weighted average shares outstanding 3,643,506 3,643,455 3,643,498 3,643,411