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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income        
Loans, including fees $ 16,416 $ 16,227 $ 32,170 $ 32,516
Securities available for sale        
Taxable 2,014 2,313 4,557 4,651
Tax-exempt 182 88 271 180
Federal funds sold and other 26 478 284 823
Total interest income 18,638 19,106 37,282 38,170
Interest expense        
Deposits 1,715 2,285 3,880 4,335
Repurchase agreements and other 15 12 39 21
Other borrowings 0 10 0 31
FHLB advances 23 48 53 103
Subordinated debt 76 96 159 190
Total interest expense 1,829 2,451 4,131 4,680
Net interest income 16,809 16,655 33,151 33,490
Provision for loan losses 590 330 1,590 890
Net interest income after provision for loan losses 16,219 16,325 31,561 32,600
Non-interest income        
Service charges on deposit accounts 692 1,122 1,798 2,216
Electronic banking income 937 927 1,755 1,749
Secondary market mortgage income 85 33 151 57
Other 176 265 435 501
Total non-interest income 1,890 2,347 4,139 4,523
Non-interest expenses        
Salaries and employee benefits 5,267 5,427 10,675 10,626
Occupancy and equipment expenses 1,798 1,877 3,523 3,541
Outside data processing 1,702 1,426 3,233 2,810
Professional fees 246 306 490 671
Taxes, other than payroll, property and income 252 261 527 499
Write-downs, expenses, sales of other real estate owned, net 354 228 422 477
Amortization of intangibles 241 223 483 450
FDIC insurance 72 119 68 243
Other expenses 1,147 1,174 2,395 2,317
Total non-interest expenses 11,079 11,041 21,816 21,634
Income before income taxes 7,030 7,631 13,884 15,489
Provision for income taxes 1,524 1,772 3,010 3,454
Net income $ 5,506 $ 5,859 $ 10,874 $ 12,035
Net income per share:        
Basic (in dollars per share) $ 0.38 $ 0.40 $ 0.74 $ 0.82
Diluted (in dollars per share) $ 0.37 $ 0.40 $ 0.74 $ 0.82