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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and Dividend Income        
Interest and fees on loans $ 8,570 $ 6,477 $ 22,713 $ 18,738
Interest and dividends on securities 578 590 1,762 1,859
Other income 5 25 14 48
Total interest and dividend income 9,153 7,092 24,489 20,645
Interest expense on deposits 1,112 784 2,927 2,287
Interest expense on borrowings 311 45 673 153
Total interest expense 1,423 829 3,600 2,440
Net interest income 7,730 6,263 20,889 18,205
Provision for loan losses 525 225 1,575 675
Net interest income after provision for loan losses 7,205 6,038 19,314 17,530
Noninterest Income        
Service charges on deposit accounts 785 613 2,030 1,799
Net realized loss on sales and calls of securities (21) (2) (22) (14)
Net gain on sales of loans 167 163 435 432
Increase in cash surrender value of insurance 101 116 300 345
Net gain from sale of other real estate owned   1 0 0
Write-downs of other real estate owned     (387)  
Other real estate owned income 11 10 32 32
Gain on sale of subsidiary   1,834   1,834
Loss on disposal of premises and equipment   (106)   (106)
Insurance related income   283   1,403
Investment advisory income 225 183 557 565
Other 230 253 685 735
Total noninterest income 1,498 3,348 3,630 7,025
Noninterest Expenses        
Salaries and employee benefits 3,601 3,287 10,520 10,267
Sales commissions   30   217
Occupancy 818 787 2,572 2,532
Data processing 283 272 851 879
Professional fees 217 186 635 588
Advertising 148 166 532 460
FDIC deposit insurance and other insurance 229 182 608 612
Other real estate owned expense 101 76 184 139
Amortization of intangible assets 11 14 32 57
Impairment loss on goodwill     95 0
Other 1,065 1,010 3,211 3,099
Total noninterest expenses 6,473 6,010 19,240 18,850
Income before income taxes 2,230 3,376 3,704 5,705
Provision for income taxes 266 754 545 1,471
Net income $ 1,964 $ 2,622 $ 3,159 $ 4,234