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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Loans, including fees $ 5,453 $ 5,787 $ 16,359 $ 17,277
Securities - Taxable 913 997 3,080 2,997
Securities - Tax-exempt 461 526 1,390 1,619
Federal funds sold and interest bearing bank deposits 26 335 332 998
Total interest income 6,853 7,645 21,161 22,891
Interest expense:        
Deposits 983 1,076 3,005 3,101
Short-term borrowings 2 2 6 6
Total interest expense 985 1,078 3,011 3,107
Net interest income 5,868 6,567 18,150 19,784
Provision for loan losses 250 0 1,100 0
Net interest income after provision for loan losses 5,618 6,567 17,050 19,784
Noninterest income:        
Service charge on deposit accounts 139 182 437 542
Mortgage lending 702 263 1,615 639
Bank-owned life insurance income 109 109 615 326
Other noninterest income 408 393 1,202 1,472
Securities gains, net 16 44 103 57
Total noninterest income 1,374 991 3,972 3,036
Noninterest expense:        
Salaries and benefits 2,802 2,894 8,230 8,631
Net occupancy and equipment 457 387 1,974 1,152
Professional fees 230 195 877 698
Other noninterest expense 1,164 1,348 3,387 3,583
Total noninterest expense 4,653 4,824 14,468 14,064
Earnings before income taxes 2,339 2,734 6,554 8,756
Income tax expense 403 527 1,156 1,699
Net earnings $ 1,936 $ 2,207 $ 5,398 $ 7,057
Net earnings per share:        
Basic and diluted earnings per share $ 0.54 $ 0.62 $ 1.51 $ 1.97
Weighted average shares outstanding:        
Basic and diluted weighted average shares outstanding 3,566,239 3,568,287 3,566,184 3,586,642