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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest and Dividend Income        
Loans, including fees $ 16,366 $ 14,483 $ 32,495 $ 29,209
Interest and dividends on investment securities 1,677 1,211 3,300 2,306
Interest on deposits with banks 75 60 120 132
Total Interest and Dividend Income 18,118 15,754 35,915 31,647
Interest Expense        
Deposits 3,966 2,405 7,734 4,361
Short-term borrowings 235 217 569 500
Long-term debt 658 721 1,316 1,485
Total Interest Expense 4,859 3,343 9,619 6,346
Net Interest Income 13,259 12,411 26,296 25,301
Provision for loan losses 375 400 875 900
Net Interest Income After Provision For Loan Losses 12,884 12,011 25,421 24,401
Noninterest Income        
Gain on sale of assets 0 1 0 1
Unrealized gain (loss) on equity securities 65 (78) 121 (78)
Income from bank owned life insurance 222 224 439 450
Total Noninterest Income 1,253 901 2,314 1,932
Noninterest Expense        
Salary and employee benefits 4,881 5,129 9,684 10,176
Occupancy expense 753 739 1,559 1,505
Advertising 163 180 360 339
Data processing expense 755 782 1,475 1,465
Professional fees 606 426 1,024 778
Merger and acquisition costs 0 741 0 3,609
Depreciation of premises and equipment 166 202 355 401
Telephone communications 66 69 118 168
Office supplies 33 41 70 81
FDIC Insurance 160 113 335 311
OREO valuation allowance and expenses 432 237 488 351
Core deposit intangible amortization 175 199 356 404
Other 926 891 1,697 1,828
Total Noninterest Expense 9,116 9,749 17,521 21,416
Income before income taxes 5,021 3,163 10,214 4,917
Income tax expense 1,394 828 2,710 1,361
Net Income $ 3,627 $ 2,335 $ 7,504 $ 3,556
Earnings Per Common Share        
Basic (in dollars per share) $ 0.65 $ 0.42 $ 1.35 $ 0.64
Diluted (in dollars per share) $ 0.65 $ 0.42 $ 1.35 $ 0.64
Loan appraisal, credit, and miscellaneous charges [Member]        
Noninterest Income        
Noninterest income $ 138 $ 7 $ 196 $ 60
Service charges [Member]        
Noninterest Income        
Noninterest income $ 828 $ 747 $ 1,558 $ 1,499