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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest and dividend income:        
Loans, including fees $ 11,302 $ 10,767 $ 23,214 $ 22,016
Securities        
Taxable 656 590 1,274 1,156
Tax exempt 84 94 168 187
Dividends 104 107 217 216
Interest-bearing deposits with banks 325 371 644 1,056
Other Interest 12 9 24 16
12,483 11,938 25,541 24,647
Interest expense:        
Deposits 1,512 961 2,854 1,853
Other borrowed funds 226 255 461 490
Subordinated debentures 92 82 186 154
1,830 1,298 3,501 2,497
Net interest income 10,653 10,640 22,040 22,150
Provision for loan losses (806) (23) 1,571 733
Net interest income after provision for loan losses 11,459 10,663 20,469 21,417
Noninterest income:        
Income from bank owned life insurance and annuity assets 177 173 355 349
Electronic refund check / deposit fees 5 305 5 1,533
Debit / credit card interchange income 972 932 1,886 1,793
Gain on other real estate owned 14 170 14 157
Other 168 307 286 505
2,003 2,538 3,849 5,614
Noninterest expense:        
Salaries and employee benefits 5,527 5,541 11,063 11,243
Occupancy 438 426 891 867
Furniture and equipment 270 258 533 512
Professional fees 689 515 1,361 1,023
Marketing expense 270 262 540 524
FDIC insurance 110 115 113 258
Data processing 554 707 1,089 1,421
Software 427 366 838 762
Foreclosed assets 19 55 125 110
Amortization of intangibles 31 36 62 72
Other 1,456 1,393 2,744 2,690
9,791 9,674 19,359 19,482
Income before income taxes 3,671 3,527 4,959 7,549
Provision for income taxes 592 551 687 1,207
NET INCOME $ 3,079 $ 2,976 $ 4,272 $ 6,342
Earnings per share (in dollars per share) $ 0.65 $ 0.63 $ 0.90 $ 1.34
Cash dividends, per share (in dollars per share) $ 0.21 $ 0.21 $ 0.42 $ 0.42
Deposit Account [Member]        
Noninterest income:        
Revenue from Contract with Customer $ 517 $ 515 $ 1,020 $ 1,017
Fiduciary and Trust [Member]        
Noninterest income:        
Revenue from Contract with Customer 72 68 136 128
Mortgage Banking [Member]        
Noninterest income:        
Revenue from Contract with Customer $ 78 $ 68 $ 147 $ 132