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Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest and dividend income:        
Loans, including fees $ 4,794,000 $ 4,781,000 $ 9,571,000 $ 9,659,000
Taxable securities 1,187,000 1,257,000 2,193,000 2,430,000
Tax-exempt securities 38,000 40,000 76,000 63,000
Other interest income 6,000 10,000 11,000 65,000
Total interest income 6,025,000 6,088,000 11,851,000 12,217,000
Interest expense:        
Deposits 597,000 730,000 1,216,000 1,560,000
Short-term borrowings and repurchase agreements 21,000 0 53,000 8,000
FRB advances 0 7,000 18,000 7,000
Long-term debt 213,000 230,000 425,000 513,000
Other interest bearing liabilities 1,000 3,000 3,000 10,000
Total interest expense 832,000 970,000 1,715,000 2,098,000
Net interest income 5,193,000 5,118,000 10,136,000 10,119,000
Provision for loan losses (200,000) 196,000 (279,000) 552,000
Net interest income after provision for loan losses 5,393,000 4,922,000 10,415,000 9,567,000
Non-interest income:        
Earnings on bank-owned life insurance and annuities 68,000 63,000 122,000 127,000
Gain on sales and calls of securities 54,000 551,000 58,000 562,000
Change in value of equity securities 8,000 18,000 101,000 (154,000)
Other non-interest income 79,000 76,000 158,000 158,000
Total non-interest income 1,302,000 1,557,000 2,574,000 2,551,000
Non-interest expense:        
Employee compensation expense 2,062,000 1,803,000 4,031,000 3,806,000
Employee benefits 614,000 394,000 1,159,000 1,122,000
Occupancy 312,000 271,000 642,000 585,000
Equipment 192,000 231,000 381,000 465,000
Data processing expense 673,000 563,000 1,256,000 1,064,000
Professional fees 195,000 191,000 383,000 364,000
Taxes, other than income 119,000 124,000 243,000 262,000
FDIC Insurance premiums 70,000 39,000 151,000 79,000
Gain on other real estate owned 0 0 (49,000) 0
Amortization of intangible assets 17,000 19,000 33,000 38,000
Amortization of investment in low income housing partnerships 200,000 200,000 400,000 400,000
Long-term debt prepayment penalty 0 524,000 0 524,000
Other non-interest expense 413,000 458,000 825,000 868,000
Total non-interest expense 4,867,000 4,817,000 9,455,000 9,577,000
Income before income taxes 1,828,000 1,662,000 3,534,000 2,541,000
Income tax provision (benefit) 89,000 57,000 160,000 (102,000)
Net income $ 1,739,000 $ 1,605,000 $ 3,374,000 $ 2,643,000
Earnings per share        
Basic $ 0.35 $ 0.32 $ 0.67 $ 0.52
Diluted $ 0.35 $ 0.31 $ 0.67 $ 0.52
Customer Service Fees [Member]        
Non-interest income:        
Non-interest income $ 320,000 $ 276,000 $ 645,000 $ 691,000
Debit Card fee Income [Member]        
Non-interest income:        
Non-interest income 451,000 372,000 864,000 696,000
Trust Fees [Member]        
Non-interest income:        
Non-interest income 115,000 91,000 227,000 204,000
Commissions from Sales of Non-Deposit Products [Member]        
Non-interest income:        
Non-interest income 105,000 73,000 185,000 147,000
Fees Derived From Loan Activity [Member]        
Non-interest income:        
Non-interest income 92,000 23,000 196,000 90,000
Mortgage Banking Income [Member]        
Non-interest income:        
Non-interest income $ 10,000 $ 14,000 $ 18,000 $ 30,000