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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
INTEREST INCOME        
Loans $ 16,104 $ 15,142 $ 30,650 $ 29,504
Interest-bearing deposits at banks 16 156 197 405
Securities:        
Taxable 884 942 1,933 1,743
Non-taxable 65 85 112 215
Total interest income 17,069 16,325 32,892 31,867
INTEREST EXPENSE        
Deposits 1,954 3,002 4,830 5,845
Other borrowings 77 45 124 90
Junior subordinated debentures 105 144 229 290
Total interest expense 2,136 3,191 5,183 6,225
NET INTEREST INCOME 14,933 13,134 27,709 25,642
PROVISION FOR LOAN LOSSES 597 90 3,596 628
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 14,336 13,044 24,113 25,014
NON-INTEREST INCOME        
Deposit service charges 397 602 1,025 1,135
Insurance service and fees 2,667 2,901 5,092 5,343
Gain on loans sold 139 36 190 62
Bank-owned life insurance 178 173 338 332
Loss on tax credit investment     (2,475)  
Refundable state historic tax credit     1,857  
Interchange fee income 407 440 789 861
Other 451 578 761 1,192
Total non-interest income 4,239 4,730 7,577 8,925
NON-INTEREST EXPENSE        
Salaries and employee benefits 8,005 7,469 15,802 14,629
Occupancy 1,062 872 1,923 1,708
Advertising and public relations 123 214 392 381
Professional services 872 929 1,786 1,674
Technology and communications 1,467 1,099 2,563 1,992
Amortization of intangibles 134 112 264 224
FDIC insurance 282 150 461 357
Merger-related 4,974   5,434  
Other 1,093 1,304 2,257 2,408
Total non-interest expense 18,012 12,149 30,882 23,373
INCOME BEFORE INCOME TAXES 563 5,625 808 10,566
INCOME TAX PROVISION 94 1,243 135 2,464
NET INCOME $ 469 $ 4,382 $ 673 $ 8,102
Net income per common share-basic $ 0.09 $ 0.90 $ 0.13 $ 1.66
Net income per common share-diluted $ 0.09 $ 0.88 $ 0.13 $ 1.64
Weighted average number of common shares outstanding 5,222,189 4,891,841 5,079,568 4,873,928
Weighted average number of diluted shares outstanding 5,243,581 4,953,072 5,121,001 4,943,249