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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and dividend income:        
Loans, including fees $ 9,074 $ 7,372 $ 17,676 $ 14,258
Investment securities 281 667 558 1,259
Federal funds sold and other 150 65 277 133
Total interest and dividend income 9,505 8,104 18,511 15,650
Interest expense:        
Deposits 1,411 889 2,571 1,700
Other borrowed funds 517 548 1,003 1,019
Total interest expense 1,928 1,437 3,574 2,719
Net interest income 7,577 6,667 14,937 12,931
Less: Provision for credit losses   262 (187) 486
Net interest income, after provision for credit losses 7,577 6,405 15,124 12,445
Non-interest income:        
Trust and investment management fees 4,689 4,810 9,643 9,583
Net gain on mortgage loans sold 1,359 771 2,610 1,323
Bank fees 455 553 1,065 1,000
Risk management and insurance fees 284 165 667 338
Income on company-owned life insurance 105 107 199 212
Net gain on sale of securities   83   83
Total non-interest income 6,892 6,489 14,184 12,539
Total income before non-interest expense 14,469 12,894 29,308 24,984
Non-interest expense:        
Salaries and employee benefits 7,660 6,831 15,840 13,371
Occupancy and equipment 1,527 1,516 3,012 2,965
Professional services 1,008 1,160 1,832 1,893
Technology and information systems 1,000 937 2,063 1,835
Data processing 687 647 1,327 1,270
Marketing 316 366 601 695
Amortization of other intangible assets 230 184 460 369
Other 656 641 1,235 1,152
Total non-interest expense 13,084 12,282 26,370 23,550
Income before income taxes 1,385 612 2,938 1,434
Income tax expense 337 208 704 504
Net income 1,048 404 2,234 930
Preferred stock dividends (562) (573) (1,123) (1,147)
Net income (loss) available to common shareholders $ 486 $ (169) $ 1,111 $ (217)
Earnings (Loss) per common share:        
Basic and diluted $ 0.08 $ (0.03) $ 0.19 $ (0.04)