2016

2016 Proxy Statement
2016 Annual Report
2016 10K

2015

2015 Proxy Statement
2015 Annual Report
2015 10K

2014

2014 Proxy Statement
2014 Annual Report
2014 10K

Shareholder's Reports

Assets (In thousands) Dec. 31, 2016 Mar. 31, 2017
Cash and due from banks $19,204 $23,547
Interest bearing deposits in banks $8,144 $15,295
Federal funds sold $974 $1,052
Total cash and cash equivalents $28,322 $39,894
Interest-bearing time deposits $1,915 $1,845
Securities - available for sale $222,244 $210,105
Loans held for sale $2,055 $1,067
Loans, net $751,310 $764,356
Premises and equipment $21,457 $21,222
Goodwill $4,074 $4,074
Other assets $24,518 $24,988
TOTAL ASSETS $1,055,895 $1,067,551

 

Liabilities (In thousands) Dec. 31, 2016 Mar. 31, 2017
Deposits
Non-interest bearing $186,390 $178,153
Interest bearing $655,813 $716,538
Total deposits $842,203 $894,691
Securities - sold under agreement to repurchase $70,324 $27,961
Federal Home Loan Bank Advances $10,000 $10,000
Accrued expenses and other liabilities $7,791 $7,182
Total Liabilities $930,318 $939,834

 

Stockholder's Equity Dec. 31, 2016 Mar. 31, 2017

Common Stock, no par value - 10,000,000 shares authorized;

issued and outstanding 5,200,000 shares 3/31/17 and 12/31/16

$11,947 $12,049
Treasury stock - 579,125 shares 3/31/2017, 579,125 shares 12/31/2016 ($12,267) ($12,267)
Retained earnings $127,869 $129,655
Accumulated other comprehensive income ($1,972) ($1,720)
Total Stockholder's Equity $125,577 $127,717
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $1,055,895 $1,067,551

 

Income Statement QTR: Mar. 31, 2016 QTR: Dec. 31, 2016 QTR: Mar. 31, 2017
Summary of Income

Interest Income

$9,004

$9,755

$9,721

Interest Expense
($996)
($1,080)
($1,179)
 Net Interest Income
$8,008
$8,675
$8,542
Provision for loan losses ($277) ($197) ($73)
Net interest income after provision for loan losses $7,731 $8,478 $8,469
Other Income (expense) ($4,316) ($3,918) ($4,487)
Income before Federal Income Taxes $3,415 $4,560 $3,982
Income Taxes ($934) ($1,307) ($1,143)
Net Income $2,481 $3,253 $2,839
Earnings per common share $0.54 $0.70 $0.61
Average common shares outstanding 4,609,226 4,620,831 4,620,875