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Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest and dividend income:        
Loans, including fees $ 4,781,000 $ 5,611,000 $ 9,659,000 $ 10,866,000
Taxable securities 1,257,000 940,000 2,430,000 1,789,000
Tax-exempt securities 40,000 32,000 63,000 93,000
Other interest income 10,000 129,000 65,000 182,000
Total interest income 6,088,000 6,712,000 12,217,000 12,930,000
Interest expense:        
Deposits 730,000 973,000 1,560,000 1,836,000
FRB advances 7,000 0 7,000 0
Short-term borrowings and repurchase agreements 0 11,000 8,000 35,000
Long-term debt 230,000 165,000 513,000 326,000
Other interest bearing liabilities 3,000 11,000 10,000 22,000
Total interest expense 970,000 1,160,000 2,098,000 2,219,000
Net interest income 5,118,000 5,552,000 10,119,000 10,711,000
Provision for loan losses 196,000 (459,000) 552,000 (444,000)
Net interest income after provision for loan losses 4,922,000 6,011,000 9,567,000 11,155,000
Non-interest income:        
Earnings on bank-owned life insurance and annuities 63,000 71,000 127,000 140,000
Gain (loss) on sales and calls of securities 551,000 0 562,000 (56,000)
Change in value of equity securities 18,000 6,000 (154,000) 15,000
Other non-interest income 76,000 75,000 158,000 160,000
Total non-interest income 1,557,000 1,214,000 2,551,000 2,308,000
Non-interest expense:        
Employee compensation expense 1,803,000 2,068,000 3,806,000 4,036,000
Employee benefits 394,000 857,000 1,122,000 1,598,000
Occupancy 271,000 321,000 585,000 670,000
Equipment 231,000 218,000 465,000 432,000
Data processing expense 563,000 528,000 1,064,000 989,000
Professional fees 191,000 365,000 364,000 562,000
Taxes, other than income 124,000 144,000 262,000 278,000
FDIC Insurance premiums 39,000 51,000 79,000 107,000
Loss (gain) on sales of other real estate owned 0 14,000 0 14,000
Amortization of intangible assets 19,000 22,000 38,000 44,000
Amortization of investment in low income housing partnerships 200,000 200,000 400,000 400,000
Long-term debt prepayment penalty 524,000 0 524,000 0
Other non-interest expense 458,000 506,000 868,000 999,000
Total non-interest expense 4,817,000 5,294,000 9,577,000 10,129,000
Income before income taxes 1,662,000 1,931,000 2,541,000 3,334,000
Income tax provision (benefit) 57,000 86,000 (102,000) 76,000
Net income $ 1,605,000 $ 1,845,000 $ 2,643,000 $ 3,258,000
Earnings per share        
Basic $ 0.32 $ 0.36 $ 0.52 $ 0.64
Diluted $ 0.31 $ 0.36 $ 0.52 $ 0.64
Customer Service Fees [Member]        
Non-interest income:        
Non-interest income $ 276,000 $ 429,000 $ 691,000 $ 851,000
Debit Card fee Income [Member]        
Non-interest income:        
Non-interest income 372,000 364,000 696,000 672,000
Trust Fees [Member]        
Non-interest income:        
Non-interest income 91,000 91,000 204,000 190,000
Commissions from Sales of Non-Deposit Products [Member]        
Non-interest income:        
Non-interest income 73,000 95,000 147,000 166,000
Fees Derived From Loan Activity [Member]        
Non-interest income:        
Non-interest income 23,000 64,000 90,000 134,000
Mortgage Banking Income [Member]        
Non-interest income:        
Non-interest income $ 14,000 $ 19,000 $ 30,000 $ 36,000