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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest and dividend income:        
Loans $ 9,702 $ 9,856 $ 18,937 $ 19,468
Due from banks interest bearing accounts 159 638 692 1,279
Investment securities        
Taxable 1,667 1,597 3,424 3,230
Non-taxable 124 70 224 120
Other earning assets 83 108 207 223
Total interest and dividend income 11,735 12,269 23,484 24,320
Interest expense:        
Deposits 385 452 903 823
Total interest expense 385 452 903 823
Net interest income 11,350 11,817 22,581 23,497
Provision for loan losses 800 0 1,450 0
Net interest income after provision for loan losses 10,550 11,817 21,131 23,497
Non-interest income:        
Service charges on deposit accounts 219 487 655 967
Gains on sales of loans held-for-sale 586 70 750 185
Investment and brokerage services income 126 149 284 298
Mortgage brokerage income 19 79 54 138
Loan servicing income 5 96 128 186
Debit card income 507 567 1,007 1,058
Gains (losses) on sales/calls of available-for-sale securities 4 (6) 42 (6)
Other income 182 229 377 704
Total non-interest income 1,648 1,671 3,297 3,530
Non-interest expenses:        
Salaries and employee benefits 5,411 5,430 11,163 10,802
Occupancy and equipment 892 790 1,787 1,444
Data processing 713 640 1,328 1,243
Stationery and supplies 75 72 154 134
Advertising 103 108 173 176
Directors' fees 77 85 121 130
Other real estate owned (recovery) expense (1) 315 (1) 371
Other expense 1,237 1,365 2,352 2,523
Total non-interest expenses 8,507 8,805 17,077 16,823
Income before provision for income taxes 3,691 4,683 7,351 10,204
Provision for income taxes 986 1,277 1,967 2,813
Net income $ 2,705 $ 3,406 $ 5,384 $ 7,391
Basic earnings per common share (in dollars per share) $ 0.21 $ 0.27 $ 0.42 $ 0.58
Diluted earnings per common share (in dollars per share) $ 0.21 $ 0.26 $ 0.42 $ 0.57