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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest and dividend income:        
Loans $ 9,856 $ 9,146 $ 19,468 $ 17,952
Due from banks interest bearing accounts 638 427 1,279 944
Investment securities        
Taxable 1,597 1,314 3,230 2,622
Non-taxable 70 34 120 73
Other earning assets 108 98 223 203
Total interest and dividend income 12,269 11,019 24,320 21,794
Interest expense:        
Deposits 452 281 823 544
Total interest expense 452 281 823 544
Net interest income 11,817 10,738 23,497 21,250
Provision for loan losses 0 525 0 1,050
Net interest income after provision for loan losses 11,817 10,213 23,497 20,200
Non-interest income:        
Service charges on deposit accounts 487 490 967 978
Gains on sales of loans held-for-sale 70 85 185 154
Investment and brokerage services income 149 159 298 320
Mortgage brokerage income 79 6 138 12
Loan servicing income 96 100 186 206
Debit card income 567 536 1,058 1,038
Losses on sales of available-for-sale securities (6) 0 (6) 0
Other income 229 369 704 841
Total non-interest income 1,671 1,745 3,530 3,549
Non-interest expenses:        
Salaries and employee benefits 5,430 5,063 10,802 10,380
Occupancy and equipment 790 697 1,444 1,412
Data processing 640 489 1,243 1,019
Stationery and supplies 72 106 134 205
Advertising 108 97 176 185
Directors' fees 85 75 130 140
Other real estate owned expense 315 0 371 0
Other expense 1,365 1,292 2,523 2,472
Total non-interest expenses 8,805 7,819 16,823 15,813
Income before provision for income taxes 4,683 4,139 10,204 7,936
Provision for income taxes 1,277 1,136 2,813 2,200
Net income $ 3,406 $ 3,003 $ 7,391 $ 5,736
Basic earnings per common share (in dollars per share) $ 0.28 $ 0.25 $ 0.61 $ 0.47
Diluted earnings per common share (in dollars per share) $ 0.28 $ 0.24 $ 0.60 $ 0.47