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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest Income        
Interest and fees on loans $ 6,348 $ 6,651 $ 19,322 $ 19,795
Interest and dividends on securities:        
Taxable interest income 338 355 1,081 1,089
Tax-exempt interest 107 89 306 263
Dividends 29 57 84 127
Interest on deposits in other banks 19 210 113 547
Total interest income 6,841 7,362 20,906 21,821
Interest Expense        
Interest on deposits 420 930 1,666 2,727
Interest on federal funds purchased       14
Interest on Federal Home Loan Bank advances 78 190 225 523
Interest on Junior subordinated debt 49 51 148 149
Total interest expense 547 1,171 2,039 3,413
Net interest income 6,294 6,191 18,867 18,408
Provision for loan losses 345   1,606 255
Net interest income after provision for loan losses 5,949 6,191 17,261 18,153
Noninterest Income        
Brokerage fees 127 115 393 333
Bank-owned life insurance 90 92 270 275
Other income (loss) (27) 188 (59) 392
Gain on sale of securities available for sale       79
Gain (loss) on sale of mortgage loans held for sale, net 15 (3) 60 2
Total noninterest income 1,478 1,610 4,036 4,487
Noninterest Expenses        
Salaries and benefits 3,076 3,035 8,463 8,968
Occupancy 586 561 1,829 1,781
Furniture and equipment 196 269 577 827
Marketing and business development 114 129 329 487
Legal, audit and consulting 301 270 875 801
Data processing 338 353 1,074 1,031
Federal Deposit Insurance Corporation assessment 95   260 187
Merger related expenses 43   43  
Other operating expenses 921 802 2,713 2,561
Total noninterest expenses 5,670 5,419 16,163 16,643
Income before income taxes 1,757 2,382 5,134 5,997
Income tax expense 210 330 613 749
Net Income $ 1,547 $ 2,052 $ 4,521 $ 5,248
Earnings per share, basic $ 0.41 $ 0.54 $ 1.19 $ 1.39
Earnings per share, diluted 0.41 0.54 1.19 1.38
Dividends per share $ 0.125 $ 0.12 $ 0.375 $ 0.36
Trust and Estate Fees [Member]        
Noninterest Income        
Total noninterest income $ 681 $ 442 $ 1,641 $ 1,285
Service Charges on Deposit Accounts [Member]        
Noninterest Income        
Total noninterest income 259 382 831 1,142
Intercharge Fee Income, Net [Member]        
Noninterest Income        
Total noninterest income $ 333 $ 394 $ 900 $ 979