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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:        
Loans, including fees $ 5,611 $ 5,041 $ 10,866 $ 9,592
Taxable securities 940 765 1,789 1,540
Tax-exempt securities 32 99 93 202
Other interest income 129 39 182 49
Total interest income 6,712 5,944 12,930 11,383
Interest expense:        
Deposits 973 745 1,836 1,339
Securities sold under agreements to repurchase 10 17 21 32
Short-term borrowings 1 59 14 143
Long-term debt 165 60 326 153
Other interest bearing liabilities 11 9 22 17
Total interest expense 1,160 890 2,219 1,684
Net interest income 5,552 5,054 10,711 9,699
Provision for loan losses (459) 41 (444) 199
Net interest income after provision for loan losses 6,011 5,013 11,155 9,500
Non-interest income:        
Earnings on bank-owned life insurance and annuities 71 86 140 167
Income/gain from unconsolidated subsidiary   227   296
Loss on sales and calls of securities     (56) (15)
Change in value of equity securities 6 52 15 46
Other non-interest income 75 83 160 158
Total non-interest income 1,214 1,496 2,308 2,670
Non-interest expense:        
Employee compensation expense 2,068 1,933 4,036 3,725
Employee benefits 857 523 1,598 1,087
Occupancy 321 294 670 612
Equipment 218 197 432 404
Data processing expense 528 488 989 904
Director compensation 54 53 105 107
Professional fees 365 177 562 354
Taxes, other than income 144 139 278 252
FDIC Insurance premiums 51 79 107 149
Loss (gain) on sales of other real estate owned 14 (10) 14 (10)
Amortization of intangible assets 22 20 44 31
Amortization of investment in low-income housing partnerships 200 200 400 400
Merger and acquisition expense   376   440
Other non-interest expense 452 437 894 856
Total non-interest expense 5,294 4,906 10,129 9,311
Income before income taxes 1,931 1,603 3,334 2,859
Income tax provision (benefit) 86 (372) 76 (443)
Net income $ 1,845 $ 1,975 $ 3,258 $ 3,302
Earnings per share        
Basic $ 0.36 $ 0.40 $ 0.64 $ 0.68
Diluted $ 0.36 $ 0.39 $ 0.64 $ 0.67
Weighted average basic shares outstanding 5,101,751 4,987,137 5,098,460 4,879,361
Weighted average diluted shares outstanding 5,121,273 5,008,218 5,119,030 4,898,248
Customer Service Fees [Member]        
Non-interest income:        
Non-interest income $ 429 $ 437 $ 851 $ 849
Debit Card fee Income [Member]        
Non-interest income:        
Non-interest income 364 324 672 616
Trust Fees [Member]        
Non-interest income:        
Non-interest income 91 123 190 225
Commissions from Sales of Non-Deposit Products [Member]        
Non-interest income:        
Non-interest income 95 70 166 120
Fees Derived From Loan Activity [Member]        
Non-interest income:        
Non-interest income 64 77 134 172
Mortgage Banking Income [Member]        
Non-interest income:        
Non-interest income $ 19 $ 17 $ 36 $ 36