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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Loans, including fees $ 5,307 $ 5,121 $ 10,538 $ 10,102
Securities - Taxable 1,012 1,112 2,089 2,133
Securities - Tax-exempt 572 587 1,157 1,168
Federal funds sold and interest bearing bank deposits 290 182 592 383
Total interest income 7,181 7,002 14,376 13,786
Interest expense:        
Deposits 845 866 1,717 1,728
Short-term borrowings 8 5 12 9
Long-term debt interest expense 11 30 46 59
Total interest expense 864 901 1,775 1,796
Net interest income 6,317 6,101 12,601 11,990
Provision for loan losses 0 100 0 100
Net interest income after provision for loan losses 6,317 6,001 12,601 11,890
Noninterest income:        
Service charges on deposit accounts 182 183 361 372
Mortgage lending 166 139 372 304
Bank-owned life insurance income 108 110 214 217
Other noninterest income 383 361 745 734
Securities gains, net 0 0 0 2
Total noninterest income 839 793 1,692 1,629
Noninterest expense:        
Salaries and benefits 2,618 2,392 5,286 4,773
Net occupancy and equipment 360 351 730 732
Professional fees 266 254 494 484
FDIC and other regulatory assessments 89 89 178 178
Other noninterest expense 993 929 2,040 1,966
Total noninterest expense 4,326 4,015 8,728 8,133
Earnings before income taxes 2,830 2,779 5,565 5,386
Income tax expense 566 784 1,106 1,501
Net earnings $ 2,264 $ 1,995 $ 4,459 $ 3,885
Net earnings per share:        
Basic and diluted earnings per share $ 0.62 $ 0.55 $ 1.22 $ 1.07
Weighted average shares outstanding:        
Basic and diluted weighted average shares outstanding 3,643,731 3,643,593 3,643,707 3,643,567