Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (unaudited)

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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income    
Loans, including fees $ 12,455 $ 11,756
Securities    
Taxable 639 550
Tax-exempt 538 433
FHLB Stock 124 124
Federal funds sold and other short-term investments 92 145
Total interest income 13,848 13,008
Interest expense    
Deposits 481 463
Other borrowings 382 442
Long-term debt 402 365
Total interest expense 1,265 1,270
Net interest income 12,583 11,738
Provision for loan losses (500) (100)
Net interest income after provision for loan losses 13,083 11,838
Noninterest income    
Service charges and fees 1,060 1,047
Net gains on mortgage loans 428 487
Trust fees 778 708
ATM and debit card fees 1,201 1,186
Gain on sales of securities 3 89
Bank owned life insurance ("BOLI") income 238 444
Other 523 647
Total noninterest income 4,231 4,608
Noninterest expense    
Salaries and benefits 5,999 6,187
Occupancy of premises 1,026 982
Furniture and equipment 732 865
Legal and professional 225 159
Marketing and promotion 227 275
Data processing 682 659
FDIC assessment 136 251
Interchange and other card expense 313 286
Bond and D&O Insurance 117 132
Net losses (gains) on repossessed and foreclosed properties (85) 36
Administration and disposition of problem assets 180 375
Other 1,336 1,344
Total noninterest expenses 10,888 11,551
Income before income tax 6,426 4,895
Income tax expense 1,966 1,400
Net income $ 4,460 $ 3,495
Basic earnings per common share (in dollars per share) $ 0.13 $ 0.10
Diluted earnings per common share (in dollars per share) 0.13 0.10
Cash dividends per common share (in dollars per share) $ 0.04 $ 0.03