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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income    
Interest and fees on loans $ 8,291 $ 7,902
Interest on debt securities:    
Taxable 387 401
Tax exempt 157 131
Dividends 34 42
Interest on federal funds sold and overnight deposits 53 61
Interest on interest bearing deposits in banks 41 55
Total interest and dividend income 8,963 8,592
Interest expense    
Interest on deposits 1,309 1,065
Interest on borrowed funds 148 162
Total interest expense 1,457 1,227
Net interest income 7,506 7,365
Provision for loan losses 300 50
Net interest income after provision for loan losses 7,206 7,315
Noninterest income    
Trust Income 173 168
Service fees 1,497 1,426
Net gains on sales of investment securities available-for-sale 11 4
Net gains on sales of loans held for sale 812 374
Net (loss) gain on other investments (124) 62
Other income 149 198
Total noninterest income 2,518 2,232
Noninterest expenses    
Salaries and wages 3,121 2,798
Employee benefits 982 999
Occupancy expense, net 514 438
Equipment expense 740 565
Other expenses 1,815 1,727
Total noninterest expenses 7,172 6,527
Income before provision for income taxes 2,552 3,020
Provision for income taxes 356 399
Net income $ 2,196 $ 2,621
Earnings per common share $ 0.49 $ 0.59
Weighted average number of common shares outstanding 4,472,886 4,467,376
Dividends per common share $ 0.32 $ 0.31