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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        
Loans $ 16,847 $ 15,645 $ 47,497 $ 45,149
Interest-bearing deposits at banks 26 159 223 564
Securities:        
Taxable 825 993 2,758 2,736
Non-taxable 68 48 180 263
Total interest income 17,766 16,845 50,658 48,712
INTEREST EXPENSE        
Deposits 1,641 3,038 6,471 8,883
Other borrowings 108 45 232 135
Junior subordinated debentures 375 141 604 431
Total interest expense 2,124 3,224 7,307 9,449
NET INTEREST INCOME 15,642 13,621 43,351 39,263
PROVISION (CREDIT) FOR LOAN LOSSES 1,881 (431) 5,477 197
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 13,761 14,052 37,874 39,066
NON-INTEREST INCOME        
Deposit service charges 598 687 1,623 1,822
Insurance service and fees 3,217 3,225 8,309 8,568
Gain on sale of securities 667   667 42
Gain on loans sold 169 43 359 105
Bank-owned life insurance 170 160 508 492
Loss on tax credit investment     (2,475)  
Refundable state historic tax credit     1,857  
Interchange fee income 481 438 1,270 1,299
Other 555 611 1,316 1,761
Total non-interest income 5,857 5,164 13,434 14,089
NON-INTEREST EXPENSE        
Salaries and employee benefits 8,101 7,644 23,903 22,273
Occupancy 1,204 853 3,127 2,561
Advertising and public relations 503 231 895 612
Professional services 865 1,009 2,651 2,683
Technology and communications 1,365 1,057 3,928 3,049
Amortization of intangibles 136 112 400 336
FDIC insurance 290   751 357
Merger-related 524   5,958  
Other 1,480 1,370 3,737 3,778
Total non-interest expense 14,468 12,276 45,350 35,649
INCOME BEFORE INCOME TAXES 5,150 6,940 5,958 17,506
INCOME TAX PROVISION 606 1,776 741 4,240
NET INCOME $ 4,544 $ 5,164 $ 5,217 $ 13,266
Net income per common share-basic $ 0.85 $ 1.05 $ 1.01 $ 2.71
Net income per common share-diluted $ 0.84 $ 1.04 $ 1.00 $ 2.68
Weighted average number of common shares outstanding 5,376,851 4,918,740 5,179,386 4,889,029
Weighted average number of diluted shares outstanding 5,395,806 4,976,639 5,214,950 4,957,689