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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
INTEREST INCOME ON:    
Loans, including fees $ 36,975 $ 31,362
Investment securities:    
Taxable 850 647
Exempt from Federal income tax 637 554
Federal funds sold 157 114
Other interest income 762 496
TOTAL INTEREST INCOME 39,381 33,173
INTEREST EXPENSE ON:    
Deposits 6,435 3,790
Borrowings 1,844 1,569
TOTAL INTEREST EXPENSE 8,279 5,359
NET INTEREST INCOME 31,102 27,814
Provision for credit losses 1,441 1,175
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 29,661 26,639
OTHER INCOME:    
Service charges on deposit accounts 1,174 1,317
Gain on sale of investment division 98  
(Losses) gains on disposal of other assets (3) 405
Other income 2,652 1,798
TOTAL OTHER INCOME 3,921 3,520
OTHER EXPENSES:    
Salaries and employee benefits 13,261 10,649
Premises and equipment 3,713 3,258
Write down of Maryland Financial bank stock   30
Amortization of core deposit intangible 346 420
Losses on other real estate owned 141 384
Other expenses 7,597 7,577
TOTAL OTHER EXPENSES 25,058 22,318
INCOME BEFORE TAXES ON INCOME 8,524 7,841
Federal and state income taxes 2,631 2,359
NET INCOME 5,893 5,482
Net income attributable to noncontrolling interest (10)  
NET INCOME ATTRIBUTABLE TO DELMAR BANCORP $ 5,883 $ 5,482
Earnings per common share    
Basic earnings per share $ 0.538 $ 0.566
Diluted $ 0.537 $ 0.565