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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        
Interest and fees on loans $ 8,022 $ 7,092 $ 23,230 $ 20,633
Interest and dividends on securities available for sale:        
Taxable interest income 750 702 2,295 1,976
Interest income exempt from federal income taxes 204 263 673 793
Dividends 16 16 49 43
Interest on deposits with other institutions 91 58 177 153
Interest on federal funds sold 1 0 3 2
Total interest and dividend income 9,084 8,131 26,427 23,600
Interest Expense        
Interest on deposits 1,123 704 3,122 1,693
Interest on federal funds purchased 0 1 31 11
Interest on Federal Home Loan Bank advances 9 0 9 0
Total interest expense 1,132 705 3,162 1,704
Net interest income 7,952 7,426 23,265 21,896
Provision for Loan Losses 117 140 567 248
Net interest income after provision for loan losses 7,835 7,286 22,698 21,648
Noninterest Income        
Income from fiduciary activities 369 316 1,026 1,059
Service charges on deposit accounts 307 302 874 912
Other service charges and fees 1,465 1,172 3,728 3,181
(Loss) gain on sale of securities (4) 6 (7) 17
Gain (loss) on disposal of bank premises and equipment 17 0 137 (3)
Other operating income 65 8 183 104
Total noninterest income 2,219 1,804 5,941 5,270
Noninterest Expenses        
Salaries and employee benefits 4,120 3,666 11,536 10,598
Occupancy expenses 386 374 1,215 1,108
Equipment expenses 206 233 625 686
Advertising and marketing expenses 190 209 657 595
Stationery and supplies 49 42 115 145
ATM network fees 265 192 826 644
Other real estate owned expense 51 24 52 161
Loss on other real estate owned 377 987 447 872
FDIC assessment 36 56 141 169
Computer software expense 114 114 334 365
Bank franchise tax 173 152 483 431
Professional fees 205 260 827 818
Data processing fees 363 270 906 513
Other operating expenses 876 731 2,302 2,001
Total noninterest expenses 7,411 7,310 20,466 19,106
Income before income taxes 2,643 1,780 8,173 7,812
Income Tax Expense (Benefit) 412 (80) 1,245 892
Net income $ 2,231 $ 1,860 $ 6,928 $ 6,920
Earnings Per Share        
Net income per common share, basic $ 0.65 $ 0.54 $ 2.01 $ 2.00
Net income per common share, diluted $ 0.65 $ 0.54 $ 2.01 $ 2.00