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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and dividend income:        
Loans $ 9,146 $ 8,211 $ 17,952 $ 16,172
Due from banks interest bearing accounts 427 291 944 623
Investment securities        
Taxable 1,314 1,191 2,622 2,293
Non-taxable 34 73 73 148
Other earning assets 98 83 203 191
Total interest and dividend income 11,019 9,849 21,794 19,427
Interest expense:        
Deposits 281 255 544 520
Total interest expense 281 255 544 520
Net interest income 10,738 9,594 21,250 18,907
Provision for loan losses 525 0 1,050 600
Net interest income after provision for loan losses 10,213 9,594 20,200 18,307
Non-interest income:        
Service charges on deposit accounts 490 495 978 913
Gains on sales of loans held-for-sale 85 148 154 295
Investment and brokerage services income 159 145 320 288
Mortgage brokerage income 6 30 12 43
Loan servicing income 100 116 206 266
Fiduciary activities income 155 118 311 243
Debit card income 536 501 1,038 968
Gains (losses) on sales of available-for-sale securities 0 0 0 (16)
Gain on sale-leaseback of real estate 0 0 0 1,187
Other income 214 202 530 413
Total non-interest income 1,745 1,755 3,549 4,600
Non-interest expenses:        
Salaries and employee benefits 5,063 4,453 10,380 9,204
Occupancy and equipment 697 693 1,412 1,389
Data processing 489 437 1,019 839
Stationery and supplies 106 108 205 178
Advertising 97 80 185 146
Directors' fees 75 76 140 135
Other real estate owned expense 0 0 0 (1)
Other expense 1,292 1,373 2,472 2,833
Total non-interest expenses 7,819 7,220 15,813 14,723
Income before provision for income taxes 4,139 4,129 7,936 8,184
Provision for income taxes 1,136 1,581 2,200 3,123
Net income $ 3,003 $ 2,548 $ 5,736 $ 5,061
Basic earnings per common share (in dollars per share) $ 0.26 $ 0.22 $ 0.50 $ 0.44
Diluted earnings per common share (in dollars per share) $ 0.26 $ 0.22 $ 0.49 $ 0.43