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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest Income:        
Interest and fees on loans $ 11,358 $ 10,164 $ 22,648 $ 20,046
Interest and dividends on investment securities: Taxable 812 862 1,623 1,655
Interest and dividends on investment securities: Exempt from federal taxes 211 218 427 435
Interest on cash and cash equivalents 138 45 181 66
Total interest and dividend income 12,519 11,289 24,879 22,202
Interest Expense:        
Interest on NOW, money market and savings 1,109 994 2,160 1,824
Interest on time deposits 916 333 1,744 658
Interest on brokered deposits 592 414 1,203 613
Interest on FHLB advances 145 239 370 540
Interest on repurchase agreements   6   12
Interest on junior subordinated debentures 129 113 256 218
Interest on subordinated debt 103 103 207 207
Interest on other borrowings 10 19 26 35
Total interest expense 3,004 2,221 5,966 4,107
Net interest income 9,515 9,068 18,913 18,095
Provision for credit losses 100 375 300 750
Net interest income after provision for credit losses 9,415 8,693 18,613 17,345
Non-interest Income:        
Increase in cash surrender value of BOLI 53 52 105 104
Gains on sale of investment securities, net 1   4  
Gains on sale of loans   10   10
Total non-interest income 1,344 1,332 2,618 2,605
Non-interest Expense:        
Salaries and employee benefits 3,785 4,261 7,638 8,033
Furniture and equipment 663 550 1,204 1,039
Occupancy 627 634 1,352 1,331
Professional and consulting 440 424 1,017 827
Advertising and marketing 225 204 420 386
FDIC insurance 95 122 209 240
PA shares tax 260 243 520 485
Telecommunications 90 84 178 165
Loss on sale or write down of OREO, net 37 140 150 140
Transaction costs 519   519  
Other expenses 771 878 1,583 1,624
Total non-interest expense 7,512 7,540 14,790 14,270
Income before income tax expense 3,247 2,485 6,441 5,680
Income tax expense 660 436 1,267 1,018
Net income $ 2,587 $ 2,049 $ 5,174 $ 4,662
Earnings per common share:        
Basic $ 0.60 $ 0.48 $ 1.20 $ 1.09
Diluted 0.60 0.47 1.19 1.08
Cash dividends per common share $ 0.07 $ 0.07 $ 0.14 $ 0.14
Weighted average common shares outstanding:        
Basic 4,331,121 4,298,409 4,329,226 4,294,758
Diluted 4,336,254 4,314,418 4,333,181 4,311,696
Service Charges [Member]        
Non-interest Income:        
Non-interest Income $ 246 $ 261 $ 537 $ 574
Wealth Management [Member]        
Non-interest Income:        
Non-interest Income 529 512 974 947
Mortgage Banking [Member]        
Non-interest Income:        
Non-interest Income 72 76 146 137
Other Fees [Member]        
Non-interest Income:        
Non-interest Income $ 443 $ 421 $ 852 $ 833