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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans $ 15,457 $ 15,608
Investment securities 2,780 2,871
Other investments 344 226
Total interest income 18,581 18,705
Interest expense:    
Deposits 3,124 3,224
Advances from the Federal Home Loan Bank 895 555
Securities sold under agreements to repurchase 45 90
Total interest expense 4,064 3,869
Net interest income 14,517 14,836
Provision for loan losses 217 5
Net interest income after provision for loan losses 14,300 14,831
Noninterest income:    
Service fees on loan and deposit accounts 453 438
Income on bank-owned life insurance 202 207
Gain on sale of investment securities 178 2,717
Gain on sale of loans 407 6
Other 61 72
Total noninterest income 1,301 3,440
Noninterest expense:    
Salaries and employee benefits 5,684 5,686
Occupancy 1,645 1,592
Equipment 1,120 1,093
Federal deposit insurance premiums   144
Other general and administrative expenses 1,089 1,259
Total noninterest expense 9,538 9,774
Income before income taxes 6,063 8,497
Income taxes 1,590 1,973
Net income $ 4,473 $ 6,524
Basic earnings per share (in dollars per share) $ 0.48 $ 0.71
Diluted earnings per share (in dollars per share) 0.48 0.70
Cash dividends declared per common share (in dollars per share) $ 0.23 $ 0.22
Basic weighted-average shares outstanding (in shares) 9,237,466 9,169,256
Diluted weighted-average shares outstanding (in shares) 9,319,599 9,313,139