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Consolidated Statements of Income (Unaudited) - 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 $ 7,239 $ 6,707 $ 21,496 $ 19,361
Taxable securities 534 586 1,705 1,784
Nontaxable securities 133 152 401 464
Other 356 127 749 256
Total interest and dividend income 8,262 7,572 24,351 21,865
INTEREST EXPENSE        
Deposits 966 633 2,711 1,647
Short-term borrowings 78 97 264 235
Other borrowings 30 41 106 141
Total interest expense 1,074 771 3,081 2,023
NET INTEREST INCOME 7,188 6,801 21,270 19,842
Provision for loan losses 285 324 855 972
Net interest income, after provision for loan losses 6,903 6,477 20,415 18,870
NON INTEREST INCOME        
Gain on sale of loans, net 132 63 287 200
Earnings on bank owned life insurance 120 86 326 252
Unrealized gain or (loss) on equity securities, net 5 (6) 8 (2)
Other income 239 197 655 546
Total noninterest income 1,440 1,175 3,977 3,488
NON INTEREST EXPENSES        
Salaries and employee benefits 2,993 2,805 8,750 8,160
Occupancy expense 209 194 618 628
Equipment expense 128 145 408 461
Professional and director fees 316 199 963 749
Financial institutions and franchise tax expense 153 139 459 425
Marketing and public relations 149 124 405 363
Software expense 225 221 674 655
Debit card expense 142 144 401 386
Amortization of intangible assets 16 25 47 76
FDIC insurance expense   66 98 213
Other expenses 668 576 1,867 1,678
Total noninterest expenses 4,999 4,638 14,690 13,794
Income before income taxes 3,344 3,014 9,702 8,564
FEDERAL INCOME TAX PROVISION 649 582 1,881 1,644
NET INCOME $ 2,695 $ 2,432 $ 7,821 $ 6,920
Basic and diluted net earnings per share $ 0.98 $ 0.88 $ 2.85 $ 2.52
Deposit Account [Member]        
NON INTEREST INCOME        
Noninterest income $ 333 $ 301 $ 938 $ 885
Fiduciary and Trust [Member]        
NON INTEREST INCOME        
Noninterest income 234 204 670 641
Debit Card [Member]        
NON INTEREST INCOME        
Noninterest income $ 377 $ 330 $ 1,093 $ 966