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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income    
Interest and fees on loans $ 9,223 $ 8,427
Interest and dividends on investment securities (AFS & Equity):    
Taxable 1,614 1,576
Tax-exempt 426 483
Interest on interest-bearing balances and other interest income 26 23
Total interest income 11,289 10,509
Interest on deposits    
Interest-bearing demand 693 374
Money market 285 58
Savings 408 330
Time 419 378
Time of $100,000 or more 458 399
Interest on short-term borrowings 190 179
Interest on finance lease liabilities 1  
Total interest expense 2,454 1,718
Net interest income 8,835 8,791
Provision for loan losses 225 188
Net interest income after provision for loan losses 8,610 8,603
Non-interest income    
Net gain on sales of investment debt and equity securities 6 85
Unrealized gain (loss) on investment equity securities 976 (246)
Fees for services to customers 393 421
ATM and debit card 470 430
Retail brokerage and advisory 141 103
Bank-owned life insurance 68 68
Merchant 75 74
Net gain on sale of loans 21 7
Other 159 125
Total non-interest income 2,309 1,067
Non-interest expense    
Salaries and employee benefits 3,781 3,345
Net occupancy 504 471
Furniture and equipment 557 487
Marketing 237 310
Third party services 440 410
Telephone, postage and supplies 199 181
State taxes 171 170
FDIC insurance premiums 130 175
Other 704 629
Total non-interest expense 6,723 6,178
Income before income taxes 4,196 3,492
Provision for income taxes 817 557
Net income $ 3,379 $ 2,935
Earnings per share - basic $ 0.97 $ 0.85
Earnings per share - diluted 0.97 0.85
Cash dividends per share $ 0.33 $ 0.32