| Five-Year Selected Financial Data |
| In thousands, except per share data... |
| For The Year: Earnings & Share Data |
| Interest Income |
$14,818 |
$13,822 |
$13,126 |
$14,738 |
$17,562 |
| Interest Expense |
4,576 |
3,401 |
3,387 |
4,429 |
7,926 |
| Non-interest Income |
7,865 |
6,754 |
4,545 |
5,596 |
5,156 |
| Non-interest Expense |
12,382 |
12,073 |
10,267 |
10,299 |
9.884 |
| Net Income |
4,329 |
3,865 |
2,480 |
3,602 |
3.219 |
| Earnings per share - diluted |
$1.31 |
$1.18 |
$0.80 |
$1.14 |
$1.00 |
| Weighted average shares outstanding - diluted |
3,294 |
3,281 |
3,084 |
3,148 |
3,229 |
| Dividends declared per share |
$0.52 |
$0.46 |
$0.43 |
$0.40 |
$0.39 |
| At Year End: Balance Sheet Data |
| Total Assets |
$301,274 |
$305,225 |
$246,153 |
$240,468 |
$234,844 |
| Loans, net |
104,634 |
97,408 |
94,777 |
104,034 |
119,666 |
| Deposits |
221,844 |
222,488 |
182,876 |
189,923 |
192,901 |
| Shareholders' Equity |
39,853 |
39,444 |
32,988 |
33,322 |
30,957 |
| Book Value Per Share |
12.23 |
12.03 |
10.83 |
10.73 |
9.74 |
| Tangible Book Value Per Share |
$11.31 |
$11.05 |
$10.16 |
$9.97 |
$8.90 |
| Common Shares Outstanding |
3,258 |
3,279 |
3,047 |
3,107 |
3,178 |
| Selected Average Balances |
| Average Total Assets |
$300,394 |
$287,868 |
$241,861 |
$236,369 |
$239,928 |
| Average Loans |
104,552 |
102,208 |
99,589 |
114,586 |
123,668 |
| Average Deposits |
221,113 |
218,366 |
185,921 |
188,492 |
198,527 |
| Average Shareholders' Equity |
39,608 |
38,183 |
$33,237 |
$32,193 |
$30,693 |
| Asset Quality |
Non-performing assets to total assets |
0.04% |
0.46% |
0.90% |
1.46% |
1.77% |
| Non-performing assets |
$108 |
$1,405 |
$2,215 |
$ 3,515 |
$ 4,146 |
| Net Loan Charge-offs (recoveries) |
$133 |
$98 |
$79 |
$ 517 |
$ 351 |
| Net Loan Charge-offs (recoveries) to average loans |
0.13% |
0.10% |
0.08% |
0.45% |
0.24% |
| Reserve for Loan Losses to Loans |
2.35% |
2.51% |
2.41% |
1.79% |
1.55% |
| Performance Ratios |
| Return on Average Total Assets |
1.44% |
1.34% |
1.03% |
1.52% |
1.34% |
| Return on Average Shareholders' Equity |
10.93% |
10.12% |
7.46% |
11.19% |
10.49% |
Average shareholders’ equity
to average total assets |
13.19% |
13.26% |
13.74% |
13.62% |
12.79% |
| Efficiency ratio |
66.81% |
68.54% |
69.94% |
63.27% |
65.13% |
| Net interest margin |
3.91% |
4.14% |
4.61% |
5.00% |
4.51% |
| Dividend payout ratio |
39.22% |
38.79% |
53.57% |
35.13% |
39.30% |
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