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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Interest and Dividend Income    
Interest and fees on loans $ 38,255 $ 31,314
Interest and dividends on securities 2,671 2,355
Other income 60 61
Total interest and dividend income 40,986 33,730
Interest Expense    
Interest expense on deposits 6,989 4,203
Interest expense on borrowings 1,750 1,117
Total interest expense 8,739 5,320
Net interest income 32,247 28,410
Provision for loan losses 2,460 2,100
Net interest income after provision for loan losses 29,787 26,310
Noninterest Income    
Service charges on deposit accounts 2,824 2,806
Net realized loss on sales and calls of securities (69) (22)
Net gain on sales of loans 619 621
Increase in cash surrender value of life insurance 398 401
Write-downs of other real estate owned   (387)
Other real estate owned income 28 42
Gain on disposal of premises and equipment   16
Investment advisory income 944 809
Other 886 895
Total noninterest income 5,630 5,181
Noninterest Expense    
Salaries and employee benefits 15,631 14,359
Occupancy 3,490 3,405
Data processing 1,340 1,162
Professional fees 1,386 933
Marketing 666 724
FDIC deposit insurance and other insurance 478 845
Other real estate owned expense 123 186
Amortization of intangible assets 43 42
Impairment loss on goodwill   95
Other 4,768 4,369
Total noninterest expense 27,925 26,120
Income before income taxes 7,492 5,371
Provision for income taxes 1,529 1,014
Net income $ 5,963 $ 4,357
Earnings per common share:    
Basic (in dollars per share) $ 0.56  
Diluted (in dollars per share) $ 0.56  
Weighted average shares outstanding, basic 10,707,776  
Weighted average shares outstanding, diluted 10,707,776