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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 6,515 $ 5,584 $ 12,654 $ 11,033
Taxable securities 594 598 1,197 1,196
Nontaxable securities 152 174 313 339
Other 83 57 129 91
Total interest and dividend income 7,344 6,413 14,293 12,659
INTEREST EXPENSE        
Deposits 560 307 1,014 574
Short-term borrowings 84 35 138 57
Other borrowings 48 121 100 216
Total interest expense 692 463 1,252 847
NET INTEREST INCOME 6,652 5,950 13,041 11,812
Provision for loan losses 324 845 648 685
Net interest income, after provision for loan losses 6,328 5,105 12,393 11,127
NONINTEREST INCOME        
Gain on sale of loans, net 60 61 137 103
Earnings on bank owned life insurance 85 86 166 184
Unrealized gain or loss on equity securities     4  
Other income 183 197 350 377
Total noninterest income 1,168 1,060 2,313 2,166
NONINTEREST EXPENSES        
Salaries and employee benefits 2,718 2,472 5,355 4,931
Occupancy expense 214 214 434 424
Equipment expense 160 171 316 341
Professional and director fees 239 234 551 403
Financial institutions and franchise tax expense 142 127 284 258
Marketing and public relations 119 89 239 167
Software expense 221 203 434 413
Debit card expense 126 141 242 271
Amortization of intangible assets 25 29 50 58
FDIC insurance expense 72 52 147 103
Provision (reversal) for unfunded loan commitments   (540)    
Other expenses 583 496 1,104 965
Total noninterest expenses 4,619 3,688 9,156 8,334
Income before income taxes 2,877 2,477 5,550 4,959
FEDERAL INCOME TAX PROVISION 553 751 1,062 1,503
NET INCOME $ 2,324 $ 1,726 $ 4,488 $ 3,456
Basic and diluted net earnings per share $ 0.85 $ 0.63 $ 1.64 $ 1.26
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest income $ 300 $ 268 $ 584 $ 559
Fiduciary and Trust [Member]        
NONINTEREST INCOME        
Noninterest income 217 152 436 359
Debit Card [Member]        
NONINTEREST INCOME        
Noninterest income $ 323 $ 296 $ 636 $ 584