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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME    
Interest and fees on loans $ 13,795 $ 13,499
Interest and dividends on investment securities:    
Taxable 719 998
Interest on deposits with other banks 172 163
Total interest income 14,686 14,660
INTEREST EXPENSE    
Interest on deposits 2,059 1,947
Interest on short-term borrowings 2 213
Interest on long-term borrowings 107 106
Total interest expense 2,168 2,266
NET INTEREST INCOME 12,518 12,394
Provision for credit losses 350 100
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 12,168 12,294
NONINTEREST INCOME    
Service charges on deposit accounts 866 934
Trust and investment fee income 375 372
Other noninterest income 1,111 882
Total noninterest income 2,352 2,188
NONINTEREST EXPENSE    
Salaries and wages 4,296 3,766
Employee benefits 1,722 1,254
Occupancy expense 698 691
Furniture and equipment expense 317 263
Data processing 1,044 910
Directors’ fees 141 86
Amortization of other intangible assets 144 162
FDIC insurance premium expense 91 205
Other real estate owned expenses, net 18 233
Legal and professional fees 634 601
Other noninterest expenses 1,244 1,172
Total noninterest expense 10,349 9,343
Income from continuing operations before income taxes 4,171 5,139
Income tax expense 1,053 1,311
Income from continuing operations 3,118 3,828
Loss from discontinued operations before income taxes   (99)
Income tax benefit   (25)
Loss from discontinued operations   (74)
NET INCOME $ 3,118 $ 3,754