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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME ON:    
Loans, including fees $ 13,359 $ 8,466
Investment securities:    
Taxable 435 181
Exempt from Federal income tax 225 144
Federal funds sold 97 15
Other interest income 233 176
TOTAL INTEREST INCOME 14,349 8,982
INTEREST EXPENSE ON:    
Deposits 2,587 1,346
Borrowings 652 422
TOTAL INTEREST EXPENSE 3,239 1,768
NET INTEREST INCOME 11,110 7,214
Provisions for credit losses 648 300
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 10,462 6,914
OTHER INCOME:    
Service charges on deposit accounts 289 287
Gain on sale of investment securities 127  
Other income 1,137 471
TOTAL OTHER INCOME 1,553 758
OTHER EXPENSES:    
Salaries and employee benefits 4,779 2,838
Premises and equipment 1,124 938
Amortization of core deposit intangible 183 76
Gains on other real estate owned   (1)
Other expenses 2,703 1,760
TOTAL OTHER EXPENSES 8,789 5,611
INCOME BEFORE TAXES ON INCOME 3,226 2,061
Federal and state income taxes 804 663
NET INCOME 2,422 1,398
Net (income) attributable to noncontrolling interest (16)  
NET INCOME ATTRIBUTABLE TO DELMAR BANCORP $ 2,406 $ 1,398
Earnings per common share    
Basic earnings per share $ 0.135 $ 0.140
Diluted $ 0.135 $ 0.140