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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - 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:        
Interest and fees on loans and loans held for sale $ 7,534 $ 6,355 $ 14,761 $ 12,332
Debt securities:        
Taxable 345 333 686 672
Tax-exempt 82 78 164 147
Short-term investments and certificates of deposit 120 42 233 85
FHLB stock 82 59 158 116
Total interest and dividend income 8,163 6,867 16,002 13,352
Interest expense:        
Deposits 1,457 828 2,650 1,621
Short-term borrowings 75 48 198 80
Long-term debt 388 299 731 585
Subordinated debt 158 158 316 316
Total interest expense 2,078 1,333 3,895 2,602
Net interest income 6,085 5,534 12,107 10,750
Provision for loan losses 195 122 260 122
Net interest income, after provision for loan losses 5,890 5,412 11,847 10,628
Non-interest income:        
Customer service fees 45 36 88 70
Mortgage banking activities 28 21 37 64
Income on bank-owned life insurance 58 57 115 114
Wealth management fees 417 308 801 603
Miscellaneous 98 27 183 119
Total non-interest income 646 449 1,224 970
Non-interest expense:        
Salaries and employee benefits 2,693 2,501 5,414 5,110
Occupancy and equipment 701 707 1,419 1,403
Data processing 235 220 469 421
FDIC insurance 168 150 336 297
Professional fees 215 182 413 355
Other general and administrative 581 565 1,100 1,032
Total non-interest expense 4,593 4,325 9,151 8,618
Income before income taxes 1,943 1,536 3,920 2,980
Provision for income taxes 523 599 1,063 1,162
Net income 1,420 937 2,857 1,818
Other comprehensive income:        
Net unrealized holding (loss) gains on available-for-sale securities (204) 340 (1,076) 577
Income tax benefit (expense) 48 (127) 274 (214)
Total other comprehensive (loss) gain income (156) 213 (802) 363
Comprehensive income $ 1,264 $ 1,150 $ 2,055 $ 2,181
Earnings per common share:        
Basic $ 0.59 $ 0.40 $ 1.19 $ 0.77
Diluted $ 0.57 $ 0.38 $ 1.15 $ 0.74
Weighted average shares outstanding:        
Basic 2,395,635 2,364,581 2,394,113 2,361,336
Diluted 2,501,122 2,449,413 2,493,172 2,445,712