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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest Income        
Interest and fees on loans $ 6,507 $ 6,573 $ 12,974 $ 13,144
Interest and dividends on securities:        
Taxable interest income 364 365 743 734
Tax-exempt interest 100 85 199 174
Dividends 27 32 55 70
Interest on deposits in other banks 10 224 94 336
Total interest income 7,008 7,279 14,065 14,458
Interest Expense        
Interest on deposits 499 957 1,246 1,796
Interest on federal funds purchased       14
Interest on Federal Home Loan Bank advances 76 188 147 332
Interest on Junior subordinated debt 49 50 99 99
Total interest expense 624 1,195 1,492 2,241
Net interest income 6,384 6,084 12,573 12,217
Provision for loan losses 911 205 1,261 255
Net interest income after provision for loan losses 5,473 5,879 11,312 11,962
Noninterest Income        
Brokerage fees 120 128 266 218
Bank-owned life insurance 90 90 180 183
Other income (loss) (43) 58 (32) 206
Gain on sale of securities available for sale       79
Gain on sale of mortgage loans held for sale, net 33 6 45 6
Total noninterest income 1,216 1,400 2,558 2,880
Noninterest Expenses        
Salaries and benefits 2,435 2,923 5,387 5,935
Occupancy 579 604 1,243 1,219
Furniture and equipment 190 275 381 558
Marketing and business development 107 171 216 357
Legal, audit and consulting 304 282 574 531
Data processing 361 325 736 679
Federal Deposit Insurance Corporation assessment 81 93 165 187
Other operating expenses 832 836 1,792 1,761
Total noninterest expenses 4,889 5,509 10,494 11,227
Income before income taxes 1,800 1,770 3,376 3,615
Income tax expense 222 206 402 419
Net Income $ 1,578 $ 1,564 $ 2,974 $ 3,196
Earnings per share, basic $ 0.42 $ 0.41 $ 0.78 $ 0.84
Earnings per share, diluted 0.42 0.41 0.78 0.84
Dividends per share $ 0.125 $ 0.12 $ 0.25 $ 0.24
Trust and Estate Fees [Member]        
Noninterest Income        
Total noninterest income $ 499 $ 427 $ 960 $ 843
Service Charges on Deposit Accounts [Member]        
Noninterest Income        
Total noninterest income 220 378 572 761
Intercharge Fee Income, Net [Member]        
Noninterest Income        
Total noninterest income $ 297 $ 313 $ 567 $ 584