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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        
Interest and fees on loans $ 7,690 $ 7,000 $ 15,208 $ 13,541
Interest and dividends on securities available for sale:        
Taxable interest income 760 669 1,545 1,274
Interest income exempt from federal income taxes 227 268 469 530
Dividends 17 14 33 27
Interest on deposits with other institutions 55 41 86 95
Interest on federal funds sold 1 2 2 2
Total interest and dividend income 8,750 7,994 17,343 15,469
Interest Expense        
Interest on deposits 1,055 563 1,999 989
Interest on federal funds purchased 6 10 31 10
Total interest expense 1,061 573 2,030 999
Net interest income 7,689 7,421 15,313 14,470
Provision for Loan Losses 256 (97) 450 108
Net interest income after provision for (recovery of) loan losses 7,433 7,518 14,863 14,362
Noninterest Income        
Income from fiduciary activities 375 299 657 743
Service charges on deposit accounts 282 302 567 610
Other service charges and fees 1,192 1,048 2,263 2,009
(Loss) gain on sale of securities 0 0 (3) 11
Gain (loss) on disposal of bank premises and equipment 0 0 120 (3)
Other operating income 29 16 118 96
Total noninterest income 1,878 1,665 3,722 3,466
Noninterest Expenses        
Salaries and employee benefits 3,874 3,406 7,416 6,932
Occupancy expenses 401 363 829 734
Equipment expenses 217 234 419 453
Advertising and marketing expenses 249 201 467 386
Stationery and supplies 37 47 66 103
ATM network fees 331 246 561 452
Other real estate owned expense 1 7 1 137
Loss (gain) on other real estate owned 70 282 70 (115)
FDIC assessment 52 55 105 113
Computer software expense 110 112 220 251
Bank franchise tax 164 145 310 279
Professional fees 237 283 622 558
Data processing fees 303 118 543 243
Other operating expenses 778 667 1,426 1,270
Total noninterest expenses 6,824 6,166 13,055 11,796
Income before income taxes 2,487 3,017 5,530 6,032
Income Tax Expense 361 496 833 972
Net income $ 2,126 $ 2,521 $ 4,697 $ 5,060
Earnings Per Share        
Net income per common share, basic $ 0.62 $ 0.73 $ 1.36 $ 1.46
Net income per common share, diluted $ 0.62 $ 0.73 $ 1.36 $ 1.46