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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and Dividend Income:        
Interest and fees on loans $ 8,688 $ 7,110 $ 16,583 $ 13,890
Interest on due from banks 22 3 26 8
Interest on federal funds sold 8 2 10 5
Interest on securities:        
Taxable 499 491 993 987
Tax-exempt 302 420 646 847
Dividends and interest on all other securities 75 35 135 49
Total interest and dividend income 9,594 8,061 18,393 15,786
Interest Expense:        
Interest on savings deposits 141 73 245 137
Interest on time deposits 698 520 1,314 1,039
Interest on federal funds purchased, securities sold under agreements to repurchase and other borrowings 42 8 52 13
Interest on Federal Home Loan Bank advances 287 72 611 72
Total interest expense 1,168 673 2,222 1,261
Net interest income 8,426 7,388 16,171 14,525
Provision for loan losses 575 1,000 1,100 1,650
Net interest income, after provision for loan losses 7,851 6,388 15,071 12,875
Noninterest Income:        
Bank-owned life insurance income 173 199 382 397
Mortgage banking income 236 284 377 290
Gain on sale of securities, net 40 87 120 87
Gain on acquisition of Old Point Mortgage 0 550 0 550
Total noninterest income 3,647 4,091 7,002 7,254
Noninterest Expense:        
Salaries and employee benefits 5,935 5,449 11,412 10,546
Occupancy and equipment 1,487 1,454 2,964 2,903
Data processing 596 441 1,112 855
FDIC insurance 186 98 377 194
Customer development 135 154 317 298
Professional services 537 520 1,025 893
Employee professional development 208 219 400 455
Other taxes 142 138 312 281
ATM and other losses 157 155 254 332
Loss (gain) on other real estate owned 86 (18) 86 (18)
Merger expenses 391 0 596 0
Other operating expenses 581 660 1,215 1,237
Total noninterest expense 10,441 9,270 20,070 17,976
Income before income taxes 1,057 1,209 2,003 2,153
Income tax expense 65 48 69 50
Net income $ 992 $ 1,161 $ 1,934 $ 2,103
Basic earnings per share:        
Weighted average shares outstanding (in shares) 5,177,233 4,984,151 5,099,088 4,980,728
Net income per share of common stock (in dollars per share) $ 0.19 $ 0.23 $ 0.38 $ 0.42
Diluted earnings per share:        
Weighted average shares outstanding (in shares) 5,177,233 4,996,880 5,099,124 4,993,916
Net income per share of common stock (in dollars per share) $ 0.19 $ 0.23 $ 0.38 $ 0.42
Fiduciary and Asset Management Fees [Member]        
Noninterest Income:        
Noninterest revenue $ 916 $ 951 $ 1,899 $ 1,917
Service Charges on Deposit Accounts [Member]        
Noninterest Income:        
Noninterest revenue 1,078 916 1,948 1,843
Other Service Charges, Commissions and Fees [Member]        
Noninterest Income:        
Noninterest revenue 1,164 1,075 2,231 2,091
Other Operating Income [Member]        
Noninterest Income:        
Noninterest revenue $ 40 $ 29 $ 45 $ 79