XML 102 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest Income      
Interest and fees on loans $ 26,398 $ 24,291 $ 21,147
Interest and dividends on securities:      
Taxable interest income 1,465 1,487 1,197
Tax-exempt interest 359 375 341
Dividends 166 135 106
Interest on deposits in other banks 782 410 529
Total interest income 29,170 26,698 23,320
Interest Expense      
Interest on deposits 3,595 2,447 1,599
Interest on federal funds purchased 14 46 2
Interest on Federal Home Loan Bank advances 712 541 249
Interest on Junior subordinated debt 199 199 199
Total interest expense 4,520 3,233 2,049
Net interest income 24,650 23,465 21,271
Provision for loan losses 346 507 520
Net interest income after provision for loan losses 24,304 22,958 20,751
Noninterest Income      
Brokerage fees 453 180 170
Bank-owned life insurance 366 361 362
Gain on sale/call of securities available for sale, net 79 838  
Gain on sale of mortgage loans held for sale, net 69 37 10
Total noninterest income 5,974 6,074 5,468
Other income 437 158 173
Noninterest Expenses      
Salaries and benefits 12,084 12,108 11,083
Occupancy 2,352 2,331 2,320
Furniture and equipment 1,050 1,012 1,154
Marketing and business development 648 610 476
Legal, audit and consulting 1,054 1,015 1,058
Data processing 1,381 1,292 1,254
Federal Deposit Insurance Corporation assessment 190 369 312
Prepayment penalty on early debt extinguishment 268    
Other operating expenses 3,427 3,414 3,187
Total noninterest expenses 22,454 22,151 20,844
Income before income taxes 7,824 6,881 5,375
Income tax expense 1,004 746 2,879
Net Income $ 6,820 $ 6,135 $ 2,496
Earnings per share, basic $ 1.80 $ 1.63 $ 0.66
Earnings per share, diluted 1.80 1.62 0.66
Dividends per share $ 0.485 $ 0.48 $ 0.48
Trust and Estate Fees [Member]      
Noninterest Income      
Total noninterest income $ 1,743 $ 1,542 $ 1,528
Service Charges on Deposit Accounts [Member]      
Noninterest Income      
Total noninterest income 1,522 1,706 1,926
Intercharge Fee Income, Net [Member]      
Noninterest Income      
Total noninterest income $ 1,305 $ 1,252 $ 1,299