XML 24 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statement of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest on investment securities    
Interest and fees on loans $ 12,839 $ 12,190
Interest on investment securities: Taxable 1,308 1,467
Interest on investment securities: Exempt from federal income tax 260 280
Total investment income 1,568 1,747
Other 209 135
Total interest income 14,616 14,072
Interest expense    
Interest on deposits 1,870 1,771
Interest on short-term borrowings 28 103
Interest on long-term borrowings 831 852
Total interest expense 2,729 2,726
Net interest income 11,887 11,346
Provision for loan losses 2,654 349
Net interest income after provision for loan losses 9,233 10,997
Other operating income    
Net gains 41 14
Total other income 4,008 3,707
Total other operating income 4,049 3,721
Other operating expenses    
Salaries and employee benefits 5,923 6,218
FDIC premiums 43 111
Equipment 926 883
Occupancy 747 712
Data processing 1,052 941
Marketing 130 68
Professional services 723 204
Contract labor 151 156
Line rentals 217 217
Other real estate owned   143
Other 1,093 1,037
Total other operating expenses 11,005 10,690
Income before income tax expense 2,277 4,028
Provision for income tax expense 522 877
Net Income $ 1,755 $ 3,151
Basic net income per share $ 0.25 $ 0.44
Diluted net income per share $ 0.25 $ 0.44
Weighted average number of basic shares outstanding 7,063,000 7,088,000
Weighted average number of diluted shares outstanding 7,071,000 7,088,000
Dividends declared per common share $ 0.13 $ 0.09
Service Charges on Deposit Accounts [Member]    
Other operating income    
Total other income $ 615 $ 519
Other Service Charges [Member]    
Other operating income    
Total other income 290 208
Trust Department [Member]    
Other operating income    
Total other income 1,753 1,715
Debit Card Income [Member]    
Other operating income    
Total other income 634 600
Bank Owned Life Insurance [Member]    
Other operating income    
Total other income 303 303
Brokerage Commissions [Member]    
Other operating income    
Total other income 277 238
Other [Member]    
Other operating income    
Total other income $ 136 $ 124