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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and dividend income        
Interest and fees on loans $ 12,760 $ 13,187 $ 38,858 $ 38,246
Interest and fees on PCI loans 962 2,333 3,121 4,877
Interest on federal funds sold   9   14
Interest on deposits in other banks 121 87 231 300
Interest and dividends on securities        
Taxable 1,362 1,489 4,000 4,483
Nontaxable 344 355 1,036 1,252
Total interest and dividend income 15,549 17,460 47,246 49,172
Interest expense        
Interest on deposits 2,614 3,698 9,215 10,521
Interest on borrowed funds 222 343 720 1,107
Total interest expense 2,836 4,041 9,935 11,628
Net interest income 12,713 13,419 37,311 37,544
Provision for loan losses     4,200 125
Net interest income after provision for loan losses 12,713 13,419 33,111 37,419
Noninterest income        
Service charges and fees 613 758 1,817 2,074
Gain on securities transactions, net 78 50 281 274
Gain on sale of other loans     11  
Income on bank owned life insurance 171 181 518 546
Mortgage loan income 228 176 822 338
Other 382 346 974 744
Total noninterest income 1,472 1,511 4,423 3,976
Noninterest expense        
Salaries and employee benefits 5,041 5,289 14,806 15,943
Occupancy expenses 815 813 2,420 2,662
Equipment expenses 330 377 1,047 1,152
FDIC assessment 174 4 455 316
Data processing fees 656 594 1,821 1,741
Other real estate expense, net 87 565 89 662
Other operating expenses 1,423 1,588 4,355 4,585
Total noninterest expense 8,526 9,230 24,993 27,061
Income before income taxes 5,659 5,700 12,541 14,334
Income tax expense 1,143 1,087 2,450 2,674
Net income $ 4,516 $ 4,613 $ 10,091 $ 11,660
Net income per share - basic $ 0.20 $ 0.21 $ 0.45 $ 0.52
Net income per share - diluted $ 0.20 $ 0.20 $ 0.45 $ 0.52
Weighted average number of shares outstanding        
Basic 22,312 22,303 22,339 22,224
Diluted 22,503 22,561 22,534 22,475