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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and Dividend Income    
Loans, including fees $ 16,129 $ 14,726
Interest and dividends on investment securities 1,623 1,095
Interest on deposits with banks 45 72
Total Interest and Dividend Income 17,797 15,893
Interest Expense    
Deposits 3,768 1,956
Short-term borrowings 334 283
Long-term debt 658 764
Total Interest Expense 4,760 3,003
Net Interest Income 13,037 12,890
Provision for loan losses 500 500
Net Interest Income After Provision For Loan Losses 12,537 12,390
Noninterest Income    
Unrealized gains on equity securities 56  
Income from bank owned life insurance 217 226
Total Noninterest Income 1,061 1,031
Noninterest Expense    
Salary and employee benefits 4,803 5,047
Occupancy expense 806 766
Advertising 197 159
Data processing expense 720 683
Professional fees 418 352
Merger and acquisition costs   2,868
Depreciation of premises and equipment 189 199
Telephone communications 52 99
Office supplies 37 40
FDIC insurance 175 198
OREO valuation allowance and expenses 56 114
Core deposit intangible amortization 181 205
Other 771 937
Total Noninterest Expense 8,405 11,667
Income before income taxes 5,193 1,754
Income tax expense 1,316 533
Net Income $ 3,877 $ 1,221
Earnings Per Common Share    
Basic (in dollars per share) $ 0.70 $ 0.22
Diluted (in dollars per share) 0.70 0.22
Cash dividends paid per common share (in dollars per share) $ 0.125 $ 0.10
Loan appraisal, credit, and miscellaneous charges    
Noninterest Income    
Noninterest income $ 58 $ 53
Service charges    
Noninterest Income    
Noninterest income $ 730 $ 752