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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
INTEREST INCOME        
Interest and fees on loans $ 14,536 $ 14,750 $ 28,958 $ 28,856
Interest and fees on loans held for sale 50   55  
Interest on investment securities:        
Taxable 773 1,025 1,586 2,026
Nontaxable 173 148 315 289
Federal funds sold, other interest-bearing deposits, and certificates of deposit in other banks 117 193 442 795
Dividends on other investments 72 68 173 133
Total interest income 15,721 16,184 31,529 32,099
Interest on deposits:        
Savings, interest checking and money market 290 1,454 1,237 3,170
Time deposit accounts $250,000 and over 349 621 762 1,286
Time deposits 691 761 1,443 1,468
Total interest expense on deposits 1,330 2,836 3,442 5,924
Interest on federal funds purchased and securities sold under agreements to repurchase 59 44 96 76
Interest on Federal Home Loan Bank advances 612 538 1,244 1,080
Interest on subordinated notes 381 609 882 1,233
Total interest expense on borrowings 1,052 1,191 2,222 2,389
Total interest expense 2,382 4,027 5,664 8,313
Net interest income 13,339 12,157 25,865 23,786
Provision for loan losses 900 250 4,200 400
Net interest income after provision for loan losses 12,439 11,907 21,665 23,386
NON-INTEREST INCOME        
Gain on sale of mortgage loans, net 924 179 1,344 284
Other 68 50 113 102
Total non-interest income 2,633 2,121 4,881 4,212
Investment securities gains, net 7 0 6 1
Gain on branch sale, net     0 2,074
NON-INTEREST EXPENSE        
Salaries and employee benefits 6,511 5,416 12,633 10,854
Occupancy expense, net 757 741 1,522 1,440
Furniture and equipment expense 752 686 1,447 1,495
Processing, network, and bank card expense 954 973 1,930 1,973
Legal, examination, and professional fees 407 304 774 632
Advertising and promotion 221 282 470 541
Postage, printing, and supplies 193 259 434 469
Other 1,252 1,010 2,285 2,155
Total non-interest expense 11,047 9,671 21,495 19,559
Income before income taxes 4,032 4,357 5,057 10,114
Income tax expense 750 837 907 1,928
Net income $ 3,282 $ 3,520 $ 4,150 $ 8,186
Basic earnings per share (in dollars per share) $ 0.51 $ 0.54 $ 0.64 $ 1.25
Diluted earnings per share (in dollars per share) $ 0.51 $ 0.54 $ 0.64 $ 1.25
Service charges and other fees        
NON-INTEREST INCOME        
Income from fees $ 566 $ 885 $ 1,364 $ 1,747
Bank card income and fees        
NON-INTEREST INCOME        
Income from fees 812 793 1,505 1,488
Trust department income        
NON-INTEREST INCOME        
Income from fees 279 296 658 589
Real estate servicing fees, net        
NON-INTEREST INCOME        
Income from fees $ (16) $ (82) $ (103) $ 2