XML 24 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income on:        
Loans, including fees $ 2,864 $ 3,023 $ 5,807 $ 6,129
U.S. Treasury and U.S. Government agency securities 215 175 425 391
State and municipal securities 274 339 576 669
Other 21 23 46 46
Total interest income 3,374 3,560 6,854 7,235
Interest expense on:        
Deposits 447 468 909 898
Long-term borrowings 160 160 318 318
Total interest expense 607 628 1,227 1,216
Net interest income 2,767 2,932 5,627 6,019
Provision for credit losses 150 112 300 150
Net interest income after provision for credit losses 2,617 2,820 5,327 5,869
Other income:        
Service charges on deposit accounts 102 113 207 237
Other fees and commissions 181 190 351 361
Other non-interest income 430 10 440 14
Income on life insurance 55 56 109 111
Gains on investment securities 270 141 469 220
Total other income 1,038 510 1,576 943
Other expenses:        
Salaries and employee benefits 1,675 1,669 3,343 3,346
Occupancy 191 205 405 427
Other expenses 1,003 958 1,940 1,974
Total other expenses 2,869 2,832 5,688 5,747
Income before income taxes 786 498 1,215 1,065
Income tax expense 268 63 317 157
Net income $ 518 $ 435 $ 898 $ 908
Basic and diluted earnings per share of common stock (in dollars per share) $ 0.19 $ 0.16 $ 0.32 $ 0.33
Weighted average shares of common stock outstanding (in shares) 2,767,521 2,754,079 2,767,331 2,753,943
Dividends declared per share of common stock (in dollars per share) $ 0.10 $ 0.10 $ 0.20 $ 0.20