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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest and Dividend Income        
Interest and fees on loans $ 9,401 $ 7,393 $ 18,116 $ 14,143
Interest and dividends on securities 713 585 1,321 1,184
Other income 6 5 41 9
Total interest and dividend income 10,120 7,983 19,478 15,336
Interest Expense        
Interest expense on deposits 1,641 986 3,023 1,815
Interest expense on borrowings 558 229 964 362
Total interest expense 2,199 1,215 3,987 2,177
Net interest income 7,921 6,768 15,491 13,159
Provision for loan losses 780 525 1,560 1,050
Net interest income after provision for loan losses 7,141 6,243 13,931 12,109
Noninterest Income        
Service charges on deposit accounts 714 651 1,412 1,245
Net realized loss on sales and calls of securities (40)   (40) (1)
Net gain on sales of loans 152 120 208 268
Increase in cash surrender value of life insurance 99 100 200 199
Write-downs of other real estate owned   (387)   (387)
Other real estate owned income 1 11 11 21
Investment advisory income 329 184 542 332
Other 178 205 364 455
Total noninterest income 1,433 884 2,697 2,132
Noninterest Expense        
Salaries and employee benefits 4,083 3,435 7,971 6,919
Occupancy 898 852 1,793 1,754
Data processing 343 294 650 568
Professional fees 360 224 626 418
Advertising 147 204 302 384
FDIC deposit insurance and other insurance 147 204 288 379
Other real estate owned expense (1) 26 38 83
Amortization of intangible assets 10 10 22 21
Impairment loss on goodwill   95   95
Other 1,061 1,057 2,276 2,146
Total noninterest expense 7,048 6,401 13,966 12,767
Income before income taxes 1,526 726 2,662 1,474
Provision for income taxes 305 147 530 279
Net income $ 1,221 $ 579 $ 2,132 $ 1,195
Earnings per common share:        
Basic (in dollars per share) $ 0.11   $ 0.20  
Diluted (in dollars per share) $ 0.11   $ 0.20  
Weighted average shares outstanding (in shares) 10,705,047   10,702,320