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Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest and dividend income:        
Loans, including fees $ 4,800,000 $ 4,848,000 $ 14,371,000 $ 14,507,000
Taxable securities 1,350,000 1,312,000 3,543,000 3,742,000
Tax-exempt securities 36,000 42,000 112,000 105,000
Other interest income 8,000 8,000 19,000 73,000
Total interest income 6,194,000 6,210,000 18,045,000 18,427,000
Interest expense:        
Deposits 555,000 710,000 1,771,000 2,270,000
Short-term borrowings and repurchase agreements 17,000 26,000 70,000 34,000
FRB advances 0 28,000 18,000 35,000
Long-term debt 216,000 216,000 641,000 729,000
Other interest bearing liabilities 2,000 4,000 5,000 14,000
Total interest expense 790,000 984,000 2,505,000 3,082,000
Net interest income 5,404,000 5,226,000 15,540,000 15,345,000
Provision for loan losses (257,000) 87,000 (536,000) 639,000
Net interest income after provision for loan losses 5,661,000 5,139,000 16,076,000 14,706,000
Non-interest income:        
Earnings on bank-owned life insurance and annuities 64,000 74,000 186,000 201,000
Gain on sales and calls of securities 0 283,000 58,000 845,000
Change in value of equity securities 38,000 2,000 139,000 (152,000)
Other non-interest income 91,000 99,000 249,000 257,000
Total non-interest income 1,306,000 1,450,000 3,880,000 4,001,000
Non-interest expense:        
Employee compensation expense 2,145,000 2,164,000 6,176,000 5,970,000
Employee benefits 563,000 625,000 1,722,000 1,747,000
Occupancy 293,000 284,000 935,000 869,000
Equipment 184,000 241,000 565,000 706,000
Data processing expense 709,000 600,000 1,965,000 1,664,000
Professional fees 226,000 198,000 609,000 562,000
Taxes, other than income 71,000 116,000 314,000 378,000
FDIC Insurance premiums 80,000 39,000 231,000 118,000
Gain on other real estate owned 0 0 (49,000) 0
Amortization of intangible assets 16,000 19,000 49,000 57,000
Amortization of investment in low income housing partnerships 200,000 200,000 600,000 600,000
Long-term debt prepayment penalty 0 0 0 524,000
Other non-interest expense 441,000 439,000 1,266,000 1,307,000
Total non-interest expense 4,928,000 4,925,000 14,383,000 14,502,000
Income before income taxes 2,039,000 1,664,000 5,573,000 4,205,000
Income tax provision (benefit) 142,000 58,000 302,000 (44,000)
Net income $ 1,897,000 $ 1,606,000 $ 5,271,000 $ 4,249,000
Earnings per share        
Basic $ 0.38 $ 0.32 $ 1.05 $ 0.83
Diluted $ 0.38 $ 0.32 $ 1.05 $ 0.83
Customer Service Fees [Member]        
Non-interest income:        
Non-interest income $ 348,000 $ 339,000 $ 993,000 $ 1,030,000
Debit Card fee Income [Member]        
Non-interest income:        
Non-interest income 423,000 384,000 1,287,000 1,080,000
Trust Fees [Member]        
Non-interest income:        
Non-interest income 111,000 98,000 338,000 302,000
Commissions from Sales of Non-Deposit Products [Member]        
Non-interest income:        
Non-interest income 86,000 66,000 271,000 213,000
Fees Derived From Loan Activity [Member]        
Non-interest income:        
Non-interest income 137,000 94,000 333,000 184,000
Mortgage Banking Income [Member]        
Non-interest income:        
Non-interest income $ 8,000 $ 11,000 $ 26,000 $ 41,000