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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest and dividend income        
Interest and fees on loans $ 13,012 $ 12,640 $ 26,098 $ 25,059
Interest and fees on PCI loans 1,062 1,251 2,159 2,544
Interest on federal funds sold   5   5
Interest on deposits in other banks 41 117 110 213
Interest and dividends on securities        
Taxable 1,287 1,472 2,638 2,994
Nontaxable 349 421 692 897
Total interest and dividend income 15,751 15,906 31,697 31,712
Interest expense        
Interest on deposits 3,182 3,589 6,601 6,823
Interest on borrowed funds 209 317 498 764
Total interest expense 3,391 3,906 7,099 7,587
Net interest income 12,360 12,000 24,598 24,125
Provision for loan losses 900 125 4,200 125
Net interest income after provision for loan losses 11,460 11,875 20,398 24,000
Noninterest income        
Service charges and fees 532 707 1,204 1,316
Gain on securities transactions, net 242 238 203 224
Gain on sale of other loans     11  
Income on bank owned life insurance 173 184 347 365
Mortgage loan income 373 100 594 162
Other 296 222 592 398
Total noninterest income 1,616 1,451 2,951 2,465
Noninterest expense        
Salaries and employee benefits 4,613 5,273 9,765 10,654
Occupancy expenses 778 919 1,605 1,849
Equipment expenses 345 394 717 775
FDIC assessment 156 162 281 312
Data processing fees 573 579 1,165 1,147
Other real estate expense, net (4) 105 2 97
Other operating expenses 1,412 1,559 2,932 2,997
Total noninterest expense 7,873 8,991 16,467 17,831
Income before income taxes 5,203 4,335 6,882 8,634
Income tax expense 1,043 791 1,307 1,587
Net income $ 4,160 $ 3,544 $ 5,575 $ 7,047
Net income per share - basic $ 0.19 $ 0.16 $ 0.25 $ 0.32
Net income per share - diluted $ 0.18 $ 0.16 $ 0.25 $ 0.31
Weighted average number of shares outstanding        
Basic 22,304 22,228 22,352 22,185
Diluted 22,508 22,433 22,550 22,432