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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INTEREST INCOME ON:        
Loans, including fees $ 12,816 $ 8,688 $ 39,308 $ 25,916
Investment securities:        
Taxable 473 171 1,337 518
Tax -Exempt 241 154 702 445
Federal funds sold 5 58 117 81
Other interest income 119 215 478 527
TOTAL INTEREST INCOME 13,654 9,286 41,942 27,487
INTEREST EXPENSE ON:        
Deposits 2,288 1,556 7,331 4,388
Borrowings 816 435 2,053 1,274
TOTAL INTEREST EXPENSE 3,104 1,991 9,384 5,662
NET INTEREST INCOME 10,550 7,295 32,558 21,825
Provisions for credit losses 1,967 300 5,142 900
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 8,583 6,995 27,416 20,925
OTHER INCOME:        
Service charges on deposit accounts 197 295 628 861
Gain on sales and calls of investment securities   97 568 97
Mortgage banking income 1,305   2,589  
Other income 828 739 2,236 1,771
TOTAL OTHER INCOME 2,330 1,131 6,021 2,729
OTHER EXPENSES:        
Salaries and employee benefits 5,124 2,788 14,725 8,459
Premises and equipment 1,150 897 3,407 2,732
Amortization of core deposit intangible 177 76 540 226
Gains on other real estate owned 31 44 75 38
Other expenses 2,767 1,726 8,347 5,097
TOTAL OTHER EXPENSES 9,249 5,531 27,094 16,552
INCOME BEFORE TAXES ON INCOME 1,664 2,595 6,343 7,102
Federal and state income taxes 308 810 1,410 2,167
NET INCOME 1,356 1,785 4,933 4,935
Net (income) attributable to noncontrolling interest (239)   (370)  
NET INCOME ATTRIBUTABLE TO PARTNERS BANCORP $ 1,117 $ 1,785 $ 4,563 $ 4,935
Earnings per common share        
Basic earnings per share $ 0.063 $ 0.179 $ 0.256 $ 0.494
Diluted earnings per share $ 0.063 $ 0.178 $ 0.256 $ 0.494