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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and Dividend Income:        
Loans, including fees $ 8,788 $ 8,972 $ 26,539 $ 26,909
Due from banks 41 257 224 425
Federal funds sold 0 10 12 23
Securities:        
Taxable 720 770 2,296 2,038
Tax-exempt 141 146 364 646
Dividends and interest on all other securities 47 53 136 176
Total interest and dividend income 9,737 10,208 29,571 30,217
Interest Expense:        
Checking and savings deposits 238 291 876 817
Time deposits 791 1,012 2,646 2,829
Federal funds purchased, securities sold under agreements to repurchase and other borrowings 69 32 106 105
Federal Home Loan Bank advances 171 321 584 1,024
Total interest expense 1,269 1,656 4,212 4,775
Net interest income 8,468 8,552 25,359 25,442
Provision for loan losses 300 0 900 1,013
Net interest income after provision for loan losses 8,168 8,552 24,459 24,429
Noninterest Income:        
Bank-owned life insurance income 207 201 630 591
Mortgage banking income 640 204 1,020 722
Gain on sale of available-for-sale securities, net 1 286 185 312
Gain on sale of fixed assets 0 0 818 0
Total noninterest income 3,657 3,737 10,893 10,726
Noninterest Expense:        
Salaries and employee benefits 6,660 5,991 18,118 17,617
Occupancy and equipment 1,233 1,484 3,687 4,282
Data processing 946 460 2,569 1,243
Customer development 82 137 267 450
Professional services 467 652 1,532 1,726
Employee professional development 200 181 513 597
Other taxes 162 146 470 445
ATM and other losses 75 57 233 172
(Gain) on other real estate owned (22) 0 (22) (2)
Other operating expenses 861 588 2,531 1,965
Total noninterest expense 10,664 9,696 29,898 28,495
Income before income taxes 1,161 2,593 5,454 6,660
Income tax expense 61 361 610 775
Net income $ 1,100 $ 2,232 $ 4,844 $ 5,885
Basic Earnings per Share:        
Weighted average shares outstanding (in shares) 5,221,476 5,198,634 5,213,982 5,195,912
Net income per share of common stock (in dollars per share) $ 0.21 $ 0.43 $ 0.93 $ 1.13
Diluted Earnings per Share:        
Weighted average shares outstanding (in shares) 5,221,601 5,198,656 5,214,262 5,195,962
Net income per share of common stock (in dollars per share) $ 0.21 $ 0.43 $ 0.93 $ 1.13
Fiduciary and Asset Management Fees [Member]        
Noninterest Income:        
Noninterest revenue $ 955 $ 949 $ 2,881 $ 2,837
Service Charges on Deposit Accounts [Member]        
Noninterest Income:        
Noninterest revenue 666 1,001 2,176 3,082
Other Service Charges, Commissions and Fees [Member]        
Noninterest Income:        
Noninterest revenue 1,121 1,047 3,044 2,998
Other Operating Income [Member]        
Noninterest Income:        
Noninterest revenue $ 67 $ 49 $ 139 $ 184