| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Interest and dividend income | |||||||||
Interest and fees on loans | |||||||||
33,209 | 29,883 | 26,978 | 25,056 | 23,531 | 23,416 | 23,334 | 23,684 | 22,269 | 21,462 |
Interest on debt securities: | |||||||||
Taxable | |||||||||
1,615 | 1,276 | 977 | 885 | 950 | 817 | 543 | 633 | 716 | 710 |
Tax exempt | |||||||||
518 | 577 | 634 | 589 | 436 | 367 | 283 | 363 | 326 | 298 |
Dividends | |||||||||
275 | 133 | 167 | 95 | 43 | 68 | 63 | 51 | 15 | 4 |
Interest on federal funds sold and overnight deposits | |||||||||
190 | 104 | 114 | 51 | 15 | 24 | 32 | 27 | 34 | 22 |
Interest on interest bearing deposits in banks | |||||||||
195 | 207 | 147 | 160 | 169 | 160 | 226 | 270 | 309 | 411 |
Total interest and dividend income | |||||||||
36,002 | 32,180 | 29,017 | 26,836 | 25,144 | 24,852 | 24,481 | 25,028 | 23,669 | 22,907 |
Interest expense | |||||||||
Interest on deposits | |||||||||
4,725 | 2,871 | 1,771 | 1,622 | 1,682 | 1,746 | 1,943 | 2,416 | 2,825 | 2,977 |
Interest on short-term borrowed funds | |||||||||
16 | 61 | 12 | 8 | 9 | 5 | 12 | 20 | 18 | 18 |
Interest on long-term borrowed funds | |||||||||
875 | 649 | 472 | 431 | 334 | 404 | 504 | 915 | 1,065 | 1,122 |
Total interest expense | |||||||||
5,616 | 3,581 | 2,255 | 2,061 | 2,025 | 2,155 | 2,459 | 3,351 | 3,908 | 4,117 |
Net interest income | |||||||||
30,386 | 28,599 | 26,762 | 24,775 | 23,119 | 22,697 | 22,022 | 21,677 | 19,761 | 18,790 |
Provision for loan losses | |||||||||
775 | 450 | 200 | 150 | 550 | 345 | 305 | 660 | 775 | 520 |
Net interest income after provision for loan losses | |||||||||
29,611 | 28,149 | 26,562 | 24,625 | 22,569 | 22,352 | 21,717 | 21,017 | 18,986 | 18,270 |
Noninterest income | |||||||||
Trust Income | |||||||||
692 | 751 | - | - | - | - | - | - | - | - |
Trust income | |||||||||
- | - | 739 | 737 | 719 | 726 | 644 | 615 | 557 | 490 |
Service fees | |||||||||
6,108 | 6,151 | 5,951 | 5,871 | 5,568 | 5,354 | 5,059 | 4,877 | 4,367 | 4,028 |
Available-for-sale Securities, Gross Realized Gain (Loss) | |||||||||
25 | 10 | 17 | 71 | 53 | 315 | -1 | 673 | 183 | 98 |
Gain (Loss) on Sales of Loans, Net | |||||||||
2,895 | 1,847 | 2,303 | 2,898 | 2,871 | 2,097 | 2,305 | 3,614 | 1,566 | 736 |
Other income | |||||||||
603 | 714 | 385 | 563 | 581 | 417 | 502 | 746 | 452 | 297 |
Total noninterest income | |||||||||
10,323 | 9,473 | 9,395 | 10,140 | 9,792 | 8,909 | 8,509 | 10,525 | 7,125 | 5,649 |
Noninterest expenses | |||||||||
Salaries and wages | |||||||||
11,821 | 10,748 | 10,257 | 10,203 | 9,517 | 8,916 | 8,964 | - | - | - |
Pension expense | |||||||||
0 | 4,600 | -81 | -170 | - | - | - | - | - | - |
Employee benefits | |||||||||
4,194 | 3,653 | 3,789 | 3,695 | - | - | - | - | - | - |
Salaries and wages | |||||||||
- | - | - | - | - | - | - | 8,953 | 7,743 | 6,559 |
Employee benefits | |||||||||
- | - | - | - | 2,977 | 2,725 | 2,777 | 3,908 | 3,153 | 2,828 |
Occupancy expense, net | |||||||||
1,806 | 1,447 | 1,415 | 1,263 | 1,279 | 1,199 | 1,156 | 1,156 | 1,121 | 937 |
Equipment expense | |||||||||
2,475 | 2,134 | 2,208 | 2,115 | 1,875 | 1,674 | 1,597 | 1,490 | 1,220 | 1,057 |
ATM and debit card expense | |||||||||
- | - | - | - | - | - | - | - | - | 447 |
Communications | |||||||||
- | - | - | - | - | - | - | - | - | 261 |
Advertising and public relations | |||||||||
- | - | - | - | - | - | - | - | - | 283 |
Vermont franchise tax | |||||||||
- | - | - | - | - | - | - | - | - | 414 |
FDIC insurance assessment | |||||||||
- | - | - | - | - | - | - | - | - | 499 |
Equity in losses of limited partnerships | |||||||||
- | - | - | - | - | - | - | - | - | 426 |
Branch acquisition expenses | |||||||||
- | - | - | - | - | - | - | - | - | 13 |
Other expenses | |||||||||
7,160 | 6,664 | 6,317 | 6,550 | 6,172 | 7,080 | 6,735 | 7,528 | 6,536 | 2,906 |
Total noninterest expenses | |||||||||
27,456 | 29,277 | 23,905 | 23,656 | 21,820 | 21,594 | 21,229 | 23,035 | 19,773 | 16,630 |
Income before provision for income taxes | |||||||||
12,478 | 8,345 | 12,052 | 11,109 | 10,541 | 9,667 | 8,997 | 8,507 | 6,338 | 7,289 |
Provision for income taxes | |||||||||
1,830 | 1,273 | 3,603 | 2,598 | 2,663 | 1,973 | 1,862 | 1,663 | 1,119 | 1,702 |
Net Income (Loss) Attributable to Parent | |||||||||
10,648 | 7,072 | 8,449 | 8,511 | 7,878 | 7,694 | 7,135 | 6,844 | 5,219 | 5,587 |
Earnings per common share | |||||||||
2.38 | 1.58 | 1.89 | 1.91 | 1.77 | 1.73 | 1.60 | 1.54 | 1.17 | 1.25 |
Weighted average number of common shares outstanding | |||||||||
- | - | - | - | - | - | - | - | 4,456 | - |
Dividends per common share | |||||||||
1.24 | 1.20 | 1.16 | 1.11 | 1.08 | 1.04 | 1.01 | 1.00 | 1.00 | 1.00 |