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, 2018
Mar. 31, 2017
Interest income    
Loans, including fees $ 13,710 $ 12,455
Securities    
Taxable 868 639
Tax-exempt 876 538
FHLB Stock 197 124
Federal funds sold and other short-term investments 368 92
Total interest income 16,019 13,848
Interest expense    
Deposits 994 481
Other borrowings 369 382
Long-term debt 474 402
Total interest expense 1,837 1,265
Net interest income 14,182 12,583
Provision for loan losses (100) (500)
Net interest income after provision for loan losses 14,282 13,083
Noninterest income    
Service charges and fees 1,049 1,060
Net gains on mortgage loans 141 428
Trust fees 925 778
ATM and debit card fees 1,278 1,201
Gain on sales of securities 0 3
Bank owned life insurance ("BOLI") income 238 238
Other 501 523
Total noninterest income 4,132 4,231
Noninterest expense    
Salaries and benefits 6,194 5,999
Occupancy of premises 1,072 1,026
Furniture and equipment 805 732
Legal and professional 202 225
Marketing and promotion 229 227
Data processing 695 682
FDIC assessment 132 136
Interchange and other card expense 332 313
Bond and D&O Insurance 110 117
Net (gains) losses on repossessed and foreclosed properties 406 (85)
Administration and disposition of problem assets 55 180
Other 1,202 1,336
Total noninterest expenses 11,434 10,888
Income before income tax 6,980 6,426
Income tax expense 1,225 1,966
Net income $ 5,755 $ 4,460
Basic earnings per common share (in dollars per share) $ 0.17 $ 0.13
Diluted earnings per common share (in dollars per share) 0.17 0.13
Cash dividends per common share (in dollars per share) $ 0.06 $ 0.04