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Consolidated Statements of Net Income - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income    
Loans receivable, including fees $ 28,028,000 $ 23,738,000
Securities:    
Taxable 1,792,000 1,615,000
Exempt from federal income tax 560,000 570,000
Federal bank stocks 298,000 242,000
Deposits with banks 284,000 235,000
Total interest and dividend income 30,962,000 26,400,000
Interest expense    
Deposits 4,724,000 3,275,000
Short-term borrowed funds 209,000 130,000
Long-term borrowed funds 453,000 1,088,000
Total interest expense 5,386,000 4,493,000
Net interest income 25,576,000 21,907,000
Provision for loan losses 1,280,000 903,000
Net interest income after provision for loan losses 24,296,000 21,004,000
Noninterest income    
Fees and service charges 2,031,000 1,749,000
Net gain (loss) on sales of available for sale securities (9,000) 346,000
Net gain on sales of loans 19,000 248,000
Other than temporary impairment loss (508,000)
Earnings on bank-owned life insurance 401,000 412,000
Gain on bargain purchase 1,316,000
Other 1,766,000 1,459,000
Total noninterest income 4,208,000 5,022,000
Noninterest expense    
Compensation and employee benefits 10,320,000 9,258,000
Premises and equipment 3,165,000 2,975,000
Intangible asset amortization 266,000 246,000
Professional fees 969,000 841,000
Federal deposit insurance 533,000 443,000
Acquisition costs 3,592,000 1,119,000
Other 4,815,000 4,753,000
Total noninterest expense 23,660,000 19,635,000
Income before provision for income taxes 4,844,000 6,391,000
Provision for income taxes 633,000 2,114,000
Net income 4,211,000 4,277,000
Preferred stock dividends 91,000
Net income available to common stockholders $ 4,120,000 $ 4,277,000
Earnings per common share    
Basic (in dollars per share) $ 1.73 $ 1.95
Diluted (in dollars per share) $ 1.72 $ 1.93