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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 $ 33,209 $ 29,883
Interest on debt securities:    
Taxable 1,615 1,276
Tax exempt 518 577
Dividends 275 133
Interest on federal funds sold and overnight deposits 190 104
Interest on interest bearing deposits in banks 195 207
Total interest and dividend income 36,002 32,180
Interest expense    
Interest on deposits 4,725 2,871
Interest on short-term borrowed funds 16 61
Interest on long-term borrowed funds 875 649
Total interest expense 5,616 3,581
Net interest income 30,386 28,599
Provision for loan losses 775 450
Net interest income after provision for loan losses 29,611 28,149
Noninterest income    
Trust Income 692 751
Service fees 6,108 6,151
Net gains on sales of investment securities available-for-sale 25 10
Net gains on sales of loans held for sale 2,895 1,847
Other income 603 714
Total noninterest income 10,323 9,473
Noninterest expenses    
Salaries and wages 11,821 10,748
Pension expense 0 4,631
Employee benefits 4,194 3,653
Occupancy expense, net 1,806 1,447
Equipment expense 2,475 2,134
Other expenses 7,160 6,664
Total noninterest expenses 27,456 29,277
Income before provision for income taxes 12,478 8,345
Provision for income taxes 1,830 1,273
Net income $ 10,648 $ 7,072
Earnings per common share $ 2.38 $ 1.58
Dividends per common share $ 1.24 $ 1.20