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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income      
Loans, including fees $ 42,153,000 $ 37,342,000 $ 31,866,000
Taxable securities 6,269,000 4,880,000 4,399,000
Tax exempt securities 326,000 383,000 571,000
Federal funds sold and other 836,000 856,000 686,000
49,584,000 43,461,000 37,522,000
Interest expense      
Deposits 11,657,000 7,549,000 5,190,000
Federal Home Loan Bank advances 810,000 867,000 120,000
Senior debt 329,000 389,000 194,000
Junior subordinated debentures 1,005,000 946,000 753,000
Subordinated capital note 433,000 39,000 148,000
14,234,000 9,790,000 6,405,000
Net interest income 35,350,000 33,671,000 31,117,000
Negative provision for loan losses (500,000) (800,000)
Net interest income after negative provision for loan losses 35,350,000 34,171,000 31,917,000
Non-interest income      
Non-interest income revenue 501,000 660,000 666,000
Income from bank owned life insurance 410,000 437,000 412,000
Net gain (loss) on sales and calls of investment securities (5,000) (6,000) 288,000
Other 694,000 1,162,000 930,000
5,918,000 5,779,000 5,404,000
Non-interest expense      
Salaries and employee benefits 16,233,000 15,489,000 15,090,000
Occupancy and equipment 3,522,000 3,586,000 3,420,000
Professional fees 769,000 814,000 978,000
Marketing expense 908,000 1,114,000 1,098,000
FDIC insurance 211,000 557,000 1,412,000
Data processing expense 1,259,000 1,192,000 1,256,000
State franchise and deposit tax 1,210,000 1,118,000 956,000
Deposit account related expense 1,224,000 823,000 896,000
Other real estate owned expense 368,000 868,000 1,973,000
Litigation and loan collection expense 189,000 245,000 179,000
Communications expense 772,000 701,000 722,000
Insurance expense 444,000 478,000 540,000
Postage and delivery 544,000 364,000 395,000
Acquisition costs 775,000
Other 1,842,000 1,777,000 1,852,000
30,270,000 29,126,000 30,767,000
Income before income taxes 10,998,000 10,824,000 6,554,000
Income tax expense (benefit) 480,000 2,030,000 (31,899,000)
Net income $ 10,518,000 $ 8,794,000 $ 38,453,000
Basic and diluted income per common share (in dollars per share) $ 1.41 $ 1.23 $ 6.15
Deposit Account [Member]      
Non-interest income      
Non-interest income revenue $ 2,381,000 $ 2,355,000 $ 2,253,000
Debit Card [Member]      
Non-interest income      
Non-interest income revenue $ 2,438,000 $ 1,831,000 $ 1,521,000