XML 50 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans, including fees $ 22,311 $ 20,388
Investment securities:    
Taxable 2,383 2,328
Tax-exempt 297 837
Federal funds sold 229 98
Total interest income 25,220 23,651
Interest expense:    
Deposits 5,046 5,964
Federal funds purchased 16 87
Subordinated notes 255 252
Federal Home Loan Bank advances 1,309 1,273
Long-term debt 130 186
Total interest expense 6,756 7,762
Net interest income 18,464 15,889
Provision for loan losses [1] 1,000 0
Net interest income after provision for loan losses 17,464 15,889
Noninterest income:    
Increase in cash value of bank-owned life insurance 158 152
Loan swap fees 586 0
Realized investment securities losses, net (6) (88)
Other income 334 586
Total noninterest income 2,520 2,119
Noninterest expense:    
Salaries and employee benefits 5,284 5,460
Occupancy 1,360 1,233
Data processing 672 680
FDIC insurance 237 219
Professional fees 239 234
Director fees 234 251
Other expenses 1,637 1,467
Total noninterest expense 9,663 9,544
Income before income taxes 10,321 8,464
Income taxes 2,232 1,565
Net income $ 8,089 $ 6,899
Basic earnings per common share $ 0.49 $ 0.42
Diluted earnings per common share $ 0.49 $ 0.42
Service charges on deposit accounts [Member]    
Noninterest income:    
Revenue from contract with customer, including assessed tax $ 603 $ 611
Debit card usage fees [Member]    
Noninterest income:    
Revenue from contract with customer, including assessed tax 382 375
Trust services [Member]    
Noninterest income:    
Revenue from contract with customer, including assessed tax $ 463 $ 483
[1] The negative provisions for the various segments are related to the decline in outstanding balances in each of those portfolio segments during the time periods disclosed and/or improvement in the credit quality factors related to those portfolio segments.