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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and Dividend Income        
Interest and fees on loans $ 9,312 $ 8,022 $ 26,024 $ 23,230
Interest and dividends on securities available for sale:        
Taxable interest income 660 750 2,270 2,295
Interest income exempt from federal income taxes 142 204 461 673
Dividends 28 16 62 49
Interest on deposits in banks 8 91 100 177
Interest on federal funds sold   1 1 3
Total interest and dividend income 10,150 9,084 28,918 26,427
Interest Expense        
Interest on deposits 683 1,123 2,664 3,122
Interest on federal funds purchased       31
Interest on Federal Home Loan Bank advances   9 25 9
Total interest expense 683 1,132 2,689 3,162
Net interest income 9,467 7,952 26,229 23,265
Provision for Loan Losses 100 117 755 567
Net interest income after provision for loan losses 9,367 7,835 25,474 22,698
Noninterest Income        
Income from fiduciary activities 381 369 1,081 1,026
Service charges on deposit accounts 220 307 674 874
Other service charges and fees 1,251 1,465 3,502 3,728
Gain (loss) on sale of securities 158 (4) 687 (7)
Gain on disposal of bank premises and equipment   17   137
Other operating income 206 65 384 183
Total noninterest income 2,216 2,219 6,328 5,941
Noninterest Expenses        
Salaries and employee benefits 4,739 4,120 13,200 11,536
Occupancy expenses 414 386 1,212 1,215
Equipment expenses 282 206 766 625
Advertising and marketing expenses 152 190 509 657
Stationery and supplies 28 49 94 115
ATM network fees 252 265 737 826
Other real estate owned expense (3) 51 (4) 52
Loss (gain) on other real estate owned   377 (132) 447
FDIC assessment 75 36 116 141
Computer software expense 200 114 481 334
Bank franchise tax 178 173 528 483
Professional fees 188 205 859 827
Data processing fees 301 363 1,164 906
Other operating expenses 659 876 1,824 2,302
Total noninterest expenses 7,465 7,411 21,354 20,466
Income before income taxes 4,118 2,643 10,448 8,173
Income Tax Expense 712 412 1,782 1,245
Net income $ 3,406 $ 2,231 $ 8,666 $ 6,928
Earnings Per Share        
Net income per common share, basic $ 0.99 $ 0.65 $ 2.53 $ 2.01
Net income per common share, diluted $ 0.99 $ 0.65 $ 2.53 $ 2.01