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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income        
Loans, including fees $ 16,296 $ 16,438 $ 48,466 $ 48,954
Securities available for sale        
Taxable 1,992 2,266 6,549 6,917
Tax-exempt 179 85 450 265
Federal funds sold and other 24 519 308 1,342
Total interest income 18,491 19,308 55,773 57,478
Interest expense        
Deposits 1,421 2,367 5,301 6,702
Repurchase agreements and other 20 24 60 45
Other borrowings 0 0 0 31
FHLB advances 12 48 64 151
Subordinated debt 64 91 223 281
Total interest expense 1,517 2,530 5,648 7,210
Net interest income 16,974 16,778 50,125 50,268
Provision for loan losses 765 425 2,355 1,315
Net interest income after provision for loan losses 16,209 16,353 47,770 48,953
Non-interest income        
Service charges on deposit accounts 860 1,216 2,658 3,432
Electronic banking income 975 891 2,730 2,640
Secondary market mortgage income 154 97 305 154
Other 208 267 643 768
Total non-interest income 2,197 2,471 6,336 6,994
Non-interest expenses        
Salaries and employee benefits 5,401 5,422 16,076 16,048
Occupancy and equipment expenses 1,856 1,700 5,379 5,241
Outside data processing 1,778 1,478 5,011 4,288
Professional fees 211 286 701 957
Taxes, other than payroll, property and income 251 235 778 734
Write-downs, expenses, sales of other real estate owned, net 149 213 571 690
Amortization of intangibles 241 223 724 673
FDIC insurance 115 (5) 183 238
Other expenses 1,153 1,198 3,548 3,515
Total non-interest expenses 11,155 10,750 32,971 32,384
Income before income taxes 7,251 8,074 21,135 23,563
Provision for income taxes 1,627 1,807 4,637 5,261
Net income $ 5,624 $ 6,267 $ 16,498 $ 18,302
Net income per share:        
Basic (in dollars per share) $ 0.38 $ 0.43 $ 1.12 $ 1.25
Diluted (in dollars per share) $ 0.38 $ 0.43 $ 1.12 $ 1.24