Consolidated Statements of Income - USD ($) $ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
| Loans |
|
|
| Taxable |
$ 26,846
|
$ 23,692
|
| Tax-exempt |
75
|
35
|
| Securities |
|
|
| Taxable |
1,536
|
1,506
|
| Tax-exempt |
594
|
694
|
| Total interest income |
29,051
|
25,927
|
| Interest Expense |
|
|
| Deposits |
2,578
|
1,979
|
| Repurchase agreements & Other |
16
|
17
|
| Federal Home Loan Bank advances |
352
|
375
|
| Trust preferred securities |
252
|
213
|
| Total interest expense |
3,198
|
2,584
|
| Net Interest Income |
25,853
|
23,343
|
| Provision for loan losses |
750
|
1,100
|
| Net interest income after provision for loan losses |
25,103
|
22,243
|
| Non-interest Income |
|
|
| Wealth management fees |
2,628
|
2,606
|
| Customer service fees |
2,705
|
2,779
|
| Gain on sale of mortgage loans & OMSR's |
8,172
|
6,264
|
| Mortgage loan servicing fees, net |
810
|
1,025
|
| Gain on sale of non-mortgage loans |
979
|
947
|
| Data service fees |
917
|
1,190
|
| Net gain on sales of securities |
262
|
|
| Gain on sale of assets |
177
|
18
|
| Other |
1,239
|
878
|
| Total non-interest income |
17,889
|
15,707
|
| Non-interest Expense |
|
|
| Salaries and employee benefits |
17,421
|
14,917
|
| Net occupancy expense |
2,145
|
1,943
|
| Equipment expense |
2,618
|
2,223
|
| Data processing fees |
1,380
|
1,060
|
| Professional fees |
1,426
|
1,663
|
| Marketing expense |
647
|
594
|
| Telephone and communications |
413
|
387
|
| Postage and delivery expense |
661
|
801
|
| Employee expense |
545
|
543
|
| Other expenses |
2,835
|
2,796
|
| Total non-interest expense |
30,091
|
26,927
|
| Income Before Income Tax |
12,901
|
11,023
|
| Provision for Income Taxes |
4,117
|
3,404
|
| Net Income |
8,784
|
7,619
|
| Preferred Stock Dividends |
975
|
956
|
| Net Income available to Common Shareholders |
$ 7,809
|
$ 6,663
|
| Basic Earnings Per Share |
$ 1.60
|
$ 1.36
|
| Diluted Earnings Per Share |
$ 1.38
|
$ 1.19
|