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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest and Dividend Income:        
Loans, including fees $ 8,865 $ 7,642 $ 25,448 $ 21,532
Due from banks 68 4 94 12
Federal funds sold 5 1 15 6
Securities:        
Taxable 510 487 1,503 1,474
Tax-exempt 291 385 937 1,232
Dividends and interest on all other securities 75 49 210 98
Total interest and dividend income 9,814 8,568 28,207 24,354
Interest Expense:        
Savings deposits 164 103 409 240
Time deposits 774 560 2,088 1,599
Federal funds purchased, securities sold under agreements to repurchase and other borrowings 41 13 93 26
Federal Home Loan Bank advances 320 161 931 233
Total interest expense 1,299 837 3,521 2,098
Net interest income 8,515 7,731 24,686 22,256
Provision for loan losses 749 1,275 1,849 2,925
Net interest income, after provision for loan losses 7,766 6,456 22,837 19,331
Noninterest Income:        
Bank-owned life insurance 202 198 584 595
Mortgage banking 240 172 617 462
Gain on sale of securities, net 0 2 120 89
Gain on acquisition of Old Point Mortgage 0 0 0 550
Total noninterest income 3,373 3,154 9,939 10,036
Noninterest Expense:        
Salaries and employee benefits 5,608 5,104 17,020 15,650
Occupancy and equipment 1,557 1,444 4,521 4,347
Data processing 317 266 993 749
FDIC insurance 160 128 537 322
Customer development 143 153 460 451
Professional services 482 508 1,507 1,401
Employee professional development 195 196 595 651
Other taxes 134 141 446 422
ATM and other losses 103 103 357 435
Loss (gain) on other real estate owned 0 0 86 (18)
Merger expenses 48 0 644 0
Other operating expenses 680 866 1,895 2,103
Total noninterest expense 9,427 8,909 29,061 26,513
Income before income taxes 1,712 701 3,715 2,854
Income tax expense (benefit) 115 (56) 184 (6)
Net income $ 1,597 $ 757 $ 3,531 $ 2,860
Basic earnings per share:        
Weighted average shares outstanding (in shares) 5,182,181 4,993,805 5,127,090 4,985,135
Net income per share of common stock (in dollars per share) $ 0.31 $ 0.15 $ 0.69 $ 0.57
Diluted earnings per share:        
Weighted average shares outstanding (in shares) 5,182,181 5,003,785 5,127,113 4,997,231
Net income per share of common stock (in dollars per share) $ 0.31 $ 0.15 $ 0.69 $ 0.57
Fiduciary and Asset Management Fees [Member]        
Noninterest Income:        
Noninterest revenue $ 904 $ 903 $ 2,803 $ 2,820
Service Charges on Deposit Accounts [Member]        
Noninterest Income:        
Noninterest revenue 1,095 1,001 3,043 2,844
Other Service Charges, Commissions and Fees [Member]        
Noninterest Income:        
Noninterest revenue 873 843 2,668 2,562
Other Operating Income [Member]        
Noninterest Income:        
Noninterest revenue $ 59 $ 35 $ 104 $ 114