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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME ON:        
Loans, including fees $ 8,762 $ 7,930 $ 17,228 $ 14,587
Investment securities:        
Taxable 167 170 348 307
Exempt from Federal income tax 148 130 291 274
Federal funds sold 8 23 23 38
Other interest income 135 135 311 220
TOTAL INTEREST INCOME 9,220 8,388 18,201 15,426
INTEREST EXPENSE ON:        
Deposits 1,486 953 2,832 1,652
Borrowings 416 371 838 721
TOTAL INTEREST EXPENSE 1,902 1,324 3,670 2,373
NET INTEREST INCOME 7,318 7,064 14,531 13,053
Provision for credit losses 300 275 600 525
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 7,018 6,789 13,931 12,528
OTHER INCOME:        
Service charges on deposit accounts 279 327 566 646
Gains on disposal of other assets       1
Other income 561 434 1,032 901
TOTAL OTHER INCOME 840 761 1,598 1,548
OTHER EXPENSES:        
Salaries and employee benefits 2,833 3,062 5,671 5,469
Premises and equipment 896 925 1,834 1,562
Amortization of core deposit intangible 76 126 151 168
(Gains) losses on other real estate owned (4) 63 (5) 101
Other expenses 1,611 2,193 3,370 3,823
TOTAL OTHER EXPENSES 5,412 6,369 11,021 11,123
INCOME BEFORE TAXES ON INCOME 2,446 1,181 4,508 2,953
Federal and state income taxes 695 417 1,358 893
NET INCOME $ 1,751 $ 764 $ 3,150 $ 2,060
Earnings per common share        
Basic $ 0.175 $ 0.077 $ 0.315 $ 0.219