| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Interest and Dividend Income | |||||||||
Loans, including fees | |||||||||
21,790 | 18,875 | 16,803 | 16,018 | 15,325 | 15,603 | 15,992 | 16,776 | 17,541 | 17,513 |
Securities | |||||||||
Taxable | |||||||||
996 | 765 | 481 | 325 | 327 | 259 | 294 | 708 | 1,374 | 2,229 |
Non-taxable | |||||||||
3,704 | 1,234 | 7 | 81 | 157 | 254 | 391 | 640 | 1,055 | 1,493 |
Certificates of deposit in other financial institutions | |||||||||
- | - | - | - | - | - | - | - | - | 143 |
Federal funds sold | |||||||||
333 | 197 | 151 | 36 | 61 | 72 | 129 | 106 | 24 | 76 |
Dividends on Federal Home Loan Bank and other stock | |||||||||
211 | 249 | 209 | 175 | 212 | 189 | 219 | 232 | 217 | 213 |
Total interest and dividend income | |||||||||
27,034 | 21,320 | 17,651 | 16,635 | 16,082 | 16,377 | 17,025 | 18,462 | 20,211 | 21,667 |
Interest Expense | |||||||||
Deposits | |||||||||
4,827 | 2,591 | 1,219 | 765 | 1,005 | 1,181 | 1,572 | 2,299 | 2,977 | 4,406 |
Borrowings | |||||||||
1,296 | 587 | 545 | 1,019 | 1,278 | 1,286 | 1,461 | 1,562 | 1,730 | 2,074 |
Total interest expense | |||||||||
6,123 | 3,178 | 1,764 | 1,784 | 2,283 | 2,467 | 3,033 | 3,861 | 4,707 | 6,480 |
Net Interest Income | |||||||||
20,911 | 18,142 | 15,887 | 14,851 | 13,799 | 13,910 | 13,992 | 14,601 | 15,504 | 15,187 |
Provision for Loan Losses | |||||||||
908 | 297 | 100 | 301 | 553 | 888 | 1,241 | 1,128 | 1,968 | 1,816 |
Net Interest Income After Provision for Loan Losses | |||||||||
20,003 | 17,845 | 15,787 | 14,550 | 13,246 | 13,022 | 12,751 | 13,473 | 13,536 | 13,371 |
Noninterest income | |||||||||
Customer service fees | |||||||||
2,843 | 2,608 | 2,502 | - | - | - | - | - | - | - |
Service charges on deposit accounts | |||||||||
- | - | - | 2,594 | - | - | - | - | - | - |
Service charges on deposit accounts | |||||||||
- | - | - | - | 2,876 | 2,750 | 2,354 | 2,060 | 2,102 | 2,229 |
Realized gains on sales of loans | |||||||||
54 | 66 | 98 | 97 | 42 | 30 | 58 | 32 | 94 | 184 |
Realized gains on sales of available-for-sale securities | |||||||||
- | - | - | - | 32 | 27 | 0 | - | 370 | 47 |
Earnings on bank-owned life insurance | |||||||||
533 | 477 | 471 | 463 | 426 | 416 | 437 | - | 449 | 423 |
Bank-owned life insurance death benefit | |||||||||
0 | 100 | 0 | - | - | - | - | - | - | - |
BOLI benefit in excess of surrender value | |||||||||
- | - | - | - | -29 | -35 | -935 | 0 | -100 | - |
Realized gains on sales of real estate and other repossessed assets | |||||||||
- | - | - | - | - | 26 | 0 | - | - | - |
Realized gains (losses) on sales of real estate and other repossessed assets | |||||||||
- | - | - | - | - | - | - | 445 | -15 | 30 |
Other income | |||||||||
458 | 409 | 381 | 527 | 397 | 414 | 428 | 406 | 412 | 404 |
Total noninterest income | |||||||||
3,888 | 3,660 | 3,452 | 3,681 | 3,802 | 3,698 | 4,212 | 2,943 | 3,512 | 3,317 |
Noninterest Expense | |||||||||
Salaries and employee benefits | |||||||||
8,776 | 7,964 | 7,210 | 7,021 | 6,393 | 6,568 | 7,077 | 6,849 | 6,463 | 6,829 |
Occupancy and equipment | |||||||||
2,263 | 2,140 | 2,071 | 1,897 | 1,918 | 1,971 | 1,882 | 1,860 | 1,776 | 1,683 |
Amortization of intangible assets | |||||||||
- | - | - | - | 66 | 119 | 119 | 119 | 119 | 113 |
Realized losses on sale of real estate and other repossessed assets | |||||||||
- | - | - | - | 12 | 0 | 13 | - | - | - |
Provision for losses on foreclosed real estate | |||||||||
0 | 71 | 20 | 6 | 60 | 98 | - | - | - | - |
Provision for impairment on foreclosed real estate | |||||||||
- | - | - | - | - | - | 240 | 83 | 87 | 90 |
Professional services | |||||||||
1,292 | 2,173 | 825 | 720 | 679 | 749 | 843 | 826 | 906 | 824 |
FDIC insurance | |||||||||
75 | 190 | 185 | 198 | 236 | 253 | 296 | 288 | 322 | 514 |
Insurance | |||||||||
468 | 433 | 346 | 225 | 253 | 297 | 284 | 251 | 265 | 384 |
Franchise and other taxes | |||||||||
408 | 364 | 347 | 325 | 287 | 266 | 504 | 513 | 493 | 505 |
Advertising | |||||||||
383 | 493 | 426 | 324 | 300 | 417 | 403 | 394 | 212 | - |
Marketing expense | |||||||||
- | - | - | - | - | - | - | - | - | 289 |
Stationery and office supplies | |||||||||
136 | 165 | 112 | 117 | 142 | 185 | 197 | 233 | 225 | 261 |
OREO and repossession losses | |||||||||
5 | 27 | 0 | - | - | - | - | - | - | - |
Net realized (gain) loss on sale of other real estate and repossessions | |||||||||
- | - | - | - | - | - | - | 6 | - | - |
Core processing conversion expenses | |||||||||
- | - | - | - | - | - | - | - | - | 273 |
Other expenses | |||||||||
2,676 | 2,403 | 2,107 | 2,238 | 2,144 | 2,223 | 2,137 | 2,050 | 2,235 | 2,157 |
Total noninterest expense | |||||||||
16,482 | 16,423 | 13,649 | 13,071 | 12,490 | 13,146 | 13,995 | 13,472 | 13,103 | 13,922 |
Income Before Federal Income Taxes | |||||||||
7,409 | 5,082 | 5,590 | 5,160 | 4,558 | 3,574 | 2,968 | 2,944 | 3,945 | 2,766 |
Provision for Federal Income Taxes | |||||||||
599 | 800 | 2,044 | 1,580 | 1,334 | 923 | 356 | 546 | 854 | 219 |
Net Income | |||||||||
6,810 | 4,282 | 3,546 | 3,580 | 3,224 | 2,651 | 2,612 | 2,398 | 3,091 | 2,547 |
EARNINGS PER COMMON SHARE | |||||||||
Basic Earnings Per Share | |||||||||
1.19 | 0.82 | 0.71 | 0.72 | 0.65 | 0.54 | 0.53 | 0.49 | 0.63 | 0.52 |
Diluted Earnings Per Share | |||||||||
1.19 | 0.82 | 0.71 | 0.71 | 0.64 | 0.53 | 0.53 | 0.48 | 0.62 | 0.52 |
Dividends Per Share | |||||||||
- | - | - | 0.47 | - | - | - | - | - | - |