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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest and Dividend Income    
Interest and fees on loans $ 10,046 $ 8,715
Interest and dividends on securities 683 608
Other income 11 35
Total interest and dividend income 10,740 9,358
Interest Expense    
Interest expense on deposits 2,017 1,382
Interest expense on borrowings 402 406
Total interest expense 2,419 1,788
Net interest income 8,321 7,570
Provision for loan losses 1,200 780
Net interest income after provision for loan losses 7,121 6,790
Noninterest Income    
Service charges on deposit accounts 652 698
Net realized loss on sales and calls of securities (29)  
Net gain on sales of loans 465 166
Increase in cash surrender value of life insurance 97 100
Other real estate owned income   10
Investment advisory income 312 213
Other 63 77
Total noninterest income 1,560 1,264
Noninterest Expense    
Salaries and employee benefits 4,152 3,888
Occupancy 850 895
Data processing 354 307
Professional fees 322 266
Marketing 143 155
FDIC deposit insurance and other insurance 168 141
Other real estate owned expense 17 39
Amortization of intangible assets 11 11
Other 1,282 1,216
Total noninterest expense 7,299 6,918
Income before income taxes 1,382 1,136
Provision for income taxes 307 225
Net income $ 1,075 $ 911
Earnings per common share:    
Basic (in dollars per share) $ 0.10 $ 0.09
Diluted (in dollars per share) $ 0.10 $ 0.09
Weighted average shares outstanding, basic 10,721,413 10,699,592
Weighted average shares outstanding, diluted 10,721,413 10,699,592