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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest and Dividend Income        
Loans, including fees $ 16,542 $ 15,085 $ 49,037 $ 44,294
Interest and dividends on investment securities 1,606 1,311 4,906 3,617
Interest on deposits with banks 111 88 231 220
Total Interest and Dividend Income 18,259 16,484 54,174 48,131
Interest Expense        
Deposits 3,867 2,835 11,601 7,196
Short-term borrowings 140 142 709 642
Long-term debt 727 746 2,043 2,231
Total Interest Expense 4,734 3,723 14,353 10,069
Net Interest Income 13,525 12,761 39,821 38,062
Provision for loan losses 450 40 1,325 940
Net Interest Income After Provision For Loan Losses 13,075 12,721 38,496 37,122
Noninterest Income        
Gain on sale of assets 0 0 0 1
Unrealized gain (loss) on equity securities 35 (8) 156 (86)
Income from bank owned life insurance 223 227 662 677
Total Noninterest Income 1,239 1,070 3,553 3,002
Noninterest Expense        
Compensation and benefits 5,353 4,739 15,037 14,915
Occupancy expense 730 744 2,289 2,249
Advertising 250 165 610 504
Data processing expense 793 769 2,268 2,234
Professional fees 523 442 1,547 1,220
Merger and acquisition costs 0 11 0 3,620
Depreciation of premises and equipment 165 207 520 608
Telephone communications 46 62 164 230
Office supplies 34 31 104 112
FDIC Insurance 2 185 337 496
OREO valuation allowance and expenses 263 165 751 516
Core deposit intangible amortization 169 193 525 597
Other 896 779 2,593 2,607
Total Noninterest Expense 9,224 8,492 26,745 29,908
Income before income taxes 5,090 5,299 15,304 10,216
Income tax expense 1,397 1,441 4,107 2,802
Net Income $ 3,693 $ 3,858 $ 11,197 $ 7,414
Earnings Per Common Share        
Basic (in dollars per share) $ 0.66 $ 0.70 $ 2.01 $ 1.34
Diluted (in dollars per share) $ 0.66 $ 0.70 $ 2.01 $ 1.34
Loan appraisal, credit, and miscellaneous charges [Member]        
Noninterest Income        
Noninterest income $ 147 $ 81 $ 343 $ 141
Service charges [Member]        
Noninterest Income        
Noninterest income $ 834 $ 770 $ 2,392 $ 2,269