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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and dividend income:    
Loans, including fees $ 10,218 $ 8,602
Investment securities 310 277
Federal funds sold and other 522 127
Total interest and dividend income 11,050 9,006
Interest expense:    
Deposits 2,909 1,160
Other borrowed funds 170 486
Total interest expense 3,079 1,646
Net interest income 7,971 7,360
Less: Provision for (recovery of) credit losses 194 (187)
Net interest income, after provision for (recovery of) credit losses 7,777 7,547
Non-interest income:    
Trust and investment management fees 4,670 4,954
Net gain on mortgage loans sold 1,456 1,251
Bank fees 289 610
Risk management and insurance fees 468 383
Income on company-owned life insurance 93 94
Total non-interest income 6,976 7,292
Total income before non-interest expense 14,753 14,839
Non-interest expense:    
Salaries and employee benefits 7,618 8,180
Occupancy and equipment 335 375
Lease costs, net 1,072 1,110
Professional services 777 824
Technology and information systems 1,069 1,063
Data processing 687 640
Marketing 278 285
Amortization of other intangible assets 173 230
Other 593 579
Total non-interest expense 12,602 13,286
Income before income taxes 2,151 1,553
Income tax expense 524 367
Net income 1,627 1,186
Preferred stock dividends   (561)
Net income available to common shareholders $ 1,627 $ 625
Earnings per common share:    
Basic $ 0.21 $ 0.11
Diluted $ 0.21 $ 0.11