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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 12,281,000 $ 12,706,000 $ 24,359,000 $ 25,194,000
Interest-earning deposits in other institutions 7,000 169,000 101,000 356,000
Federal funds sold 0 25,000 21,000 32,000
Investment securities:        
Taxable interest 206,000 214,000 363,000 393,000
Tax-exempt interest 634,000 553,000 1,263,000 1,118,000
Dividends on stock 27,000 53,000 57,000 111,000
Total interest and dividend income 13,155,000 13,720,000 26,164,000 27,204,000
INTEREST EXPENSE        
Deposits 2,336,000 3,277,000 5,201,000 6,222,000
Short-term borrowings 32,000 79,000 67,000 292,000
Other borrowings 62,000 95,000 138,000 191,000
Total interest expense 2,430,000 3,451,000 5,406,000 6,705,000
NET INTEREST INCOME 10,725,000 10,269,000 20,758,000 20,499,000
Provision for loan losses 1,000,000 110,000 3,740,000 350,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 9,725,000 10,159,000 17,018,000 20,149,000
NONINTEREST INCOME        
Investment securities gains on sale, net [1] 0 190,000 0 190,000
Gain (loss) on equity securities [1] 31,000 (14,000) (129,000) 44,000
Earnings on bank-owned life insurance [1] 105,000 109,000 212,000 214,000
Gain on sale of loans [1] 381,000 98,000 495,000 157,000
Total noninterest income 1,495,000 1,299,000 2,569,000 2,431,000
NONINTEREST EXPENSE        
Salaries and employee benefits 4,076,000 4,078,000 7,600,000 8,202,000
Occupancy expense 483,000 496,000 1,033,000 1,049,000
Equipment expense 307,000 291,000 580,000 526,000
Data processing costs 684,000 549,000 1,350,000 1,014,000
Ohio state franchise tax 281,000 261,000 549,000 520,000
Federal deposit insurance expense 74,000 100,000 197,000 230,000
Professional fees 369,000 403,000 718,000 834,000
Advertising expense 217,000 200,000 426,000 403,000
Software amortization expense 74,000 48,000 215,000 191,000
Core deposit intangible amortization 83,000 85,000 166,000 170,000
Other expense 1,041,000 971,000 2,107,000 1,843,000
Total noninterest expense 7,689,000 7,482,000 14,941,000 14,982,000
Income before income taxes 3,531,000 3,976,000 4,646,000 7,598,000
Income taxes 565,000 686,000 639,000 1,297,000
NET INCOME $ 2,966,000 $ 3,290,000 $ 4,007,000 $ 6,301,000
EARNINGS PER SHARE        
Basic (in dollars per share) $ 0.47 $ 0.51 $ 0.63 $ 0.97
Diluted (in dollars per share) $ 0.46 $ 0.50 $ 0.62 $ 0.97
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest income revenue $ 566,000 $ 530,000 $ 1,119,000 $ 1,038,000
Financial Service, Other [Member]        
NONINTEREST INCOME        
Noninterest income revenue $ 412,000 $ 386,000 $ 872,000 $ 788,000
[1] Not within scope of ASC 606