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, 2016
Mar. 31, 2015
Interest income    
Loans, including fees $ 11,756 $ 10,963
Securities    
Taxable 550 501
Tax-exempt 433 344
FHLB Stock 124 117
Federal funds sold and other short-term investments 145 86
Total interest income 13,008 12,011
Interest expense    
Deposits 463 619
Other borrowings 442 415
Subordinated and long-term debt 365 325
Total interest expense 1,270 1,359
Net interest income 11,738 10,652
Provision for loan losses (100) (1,000)
Net interest income after provision for loan losses 11,838 11,652
Noninterest income    
Service charges and fees 1,047 1,001
Net gains on mortgage loans 487 723
Trust fees 708 734
ATM and debit card fees 1,186 1,110
Gain on sales of securities 89 83
Bank owned life insurance ("BOLI") income 444 162
Other 647 482
Total noninterest income 4,608 4,295
Noninterest expense    
Salaries and benefits 6,187 6,182
Occupancy of premises 982 972
Furniture and equipment 865 783
Legal and professional 159 239
Marketing and promotion 275 305
Data processing 659 577
FDIC assessment 251 281
Interchange and other card expense 286 276
Bond and D&O Insurance 132 145
Net losses on repossessed and foreclosed properties 36 451
Administration and disposition of problem assets 375 376
Other 1,344 1,275
Total noninterest expenses 11,551 11,862
Income before income tax 4,895 4,085
Income tax expense 1,400 1,245
Net income $ 3,495 $ 2,840
Basic earnings per common share (in dollars per share) $ 0.10 $ 0.08
Diluted earnings per common share (in dollars per share) 0.10 0.08
Cash dividends per common share (in dollars per share) $ 0.03 $ 0.02