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Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Loans, including fees $ 5,157,000 $ 5,230,000 $ 16,023,000 $ 14,822,000
Taxable securities 1,118,000 748,000 2,907,000 2,288,000
Tax-exempt securities 29,000 97,000 122,000 299,000
Other interest income 76,000 54,000 258,000 103,000
Total interest income 6,380,000 6,129,000 19,310,000 17,512,000
Interest expense:        
Deposits 970,000 839,000 2,806,000 2,178,000
Securities sold under agreements to repurchase 9,000 17,000 30,000 49,000
Short-term borrowings   21,000 14,000 164,000
Long-term debt 286,000 62,000 612,000 215,000
Other interest bearing liabilities 11,000 11,000 33,000 28,000
Total interest expense 1,276,000 950,000 3,495,000 2,634,000
Net interest income 5,104,000 5,179,000 15,815,000 14,878,000
Provision for loan losses (46,000) 32,000 (490,000) 231,000
Net interest income after provision for loan losses 5,150,000 5,147,000 16,305,000 14,647,000
Non-interest income:        
Earnings on bank-owned life insurance and annuities 82,000 99,000 222,000 266,000
Income/gain from unconsolidated subsidiary       296,000
Loss on sales and calls of securities     (56,000) (15,000)
Change in value of equity securities (19,000) (4,000) (4,000) 42,000
Other non-interest income 100,000 80,000 260,000 238,000
Total non-interest income 1,196,000 1,241,000 3,504,000 3,911,000
Non-interest expense:        
Employee compensation expense 2,038,000 1,992,000 6,074,000 5,717,000
Employee benefits 1,492,000 848,000 3,090,000 1,935,000
Occupancy 309,000 306,000 979,000 918,000
Equipment 224,000 203,000 656,000 607,000
Data processing expense 556,000 498,000 1,545,000 1,402,000
Director compensation 51,000 50,000 156,000 157,000
Professional fees 210,000 140,000 772,000 494,000
Taxes, other than income 144,000 157,000 422,000 409,000
FDIC Insurance premiums   59,000 107,000 208,000
Gain on sales of other real estate owned (222,000) (52,000) (208,000) (62,000)
Amortization of intangible assets 21,000 23,000 65,000 54,000
Amortization of investment in low-income housing partnerships 200,000 200,000 600,000 600,000
Merger and acquisition expense   185,000   625,000
Other non-interest expense 333,000 423,000 1,227,000 1,279,000
Total non-interest expense 5,356,000 5,032,000 15,485,000 14,343,000
Income before income taxes 990,000 1,356,000 4,324,000 4,215,000
Income tax benefit (103,000) (29,000) (27,000) (472,000)
Net income $ 1,093,000 $ 1,385,000 $ 4,351,000 $ 4,687,000
Earnings per share        
Basic $ 0.21 $ 0.27 $ 0.85 $ 0.95
Diluted $ 0.21 $ 0.27 $ 0.85 $ 0.94
Customer Service Fees [Member]        
Non-interest income:        
Non-interest income $ 429,000 $ 462,000 $ 1,280,000 $ 1,311,000
Debit Card fee Income [Member]        
Non-interest income:        
Non-interest income 328,000 323,000 1,000,000 939,000
Trust Fees [Member]        
Non-interest income:        
Non-interest income 104,000 91,000 294,000 316,000
Commissions from Sales of Non-Deposit Products [Member]        
Non-interest income:        
Non-interest income 52,000 82,000 218,000 202,000
Fees Derived From Loan Activity [Member]        
Non-interest income:        
Non-interest income 104,000 91,000 238,000 263,000
Mortgage Banking Income [Member]        
Non-interest income:        
Non-interest income $ 16,000 $ 17,000 $ 52,000 $ 53,000