XML 33 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Loans, including fees $ 33,442,000 $ 35,789,000
Securities, taxable 3,441,000 1,880,000
Securities, tax-exempt 576,000 561,000
Other interest-earning assets 475,000 407,000
Total interest income 37,934,000 38,637,000
Interest expense    
Deposits 4,641,000 4,804,000
Short-term borrowings 40,000 104,000
Federal Home Loan Bank advances 2,212,000 2,234,000
Subordinated debentures and other borrowings 724,000 850,000
Total interest expense 7,617,000 7,992,000
Net interest income 30,317,000 30,645,000
Provision for loan losses 750,000 850,000
Net interest income after provision for loan losses 29,567,000 29,795,000
Noninterest income:    
Mortgage banking income 2,627,000 1,057,000
Payroll services 577,000 505,000
Earnings on bank owned life insurance 336,000 1,630,000
Other income 427,000 1,026,000
Total noninterest income 6,550,000 6,632,000
Noninterest expense    
Salaries and benefits 13,528,000 13,015,000
Occupancy 2,059,000 1,762,000
Furniture and equipment depreciation, rent and maintenance 778,000 635,000
Data processing costs 2,483,000 2,216,000
Other expense 4,092,000 4,202,000
Total noninterest expenses 22,940,000 21,830,000
Income before federal income tax expense 13,177,000 14,597,000
Federal income tax expense 2,504,000 2,773,000
Net income $ 10,673,000 $ 11,824,000
Basic earnings per share (in dollars per share) $ 0.65 $ 0.72
Diluted earnings per share (in dollars per share) 0.65 0.72
Cash dividends per common share (in dollars per share) $ 0.28 $ 0.26
Average basic shares outstanding (in shares) 16,350,281 16,429,571
Average diluted shares outstanding (in shares) 16,351,559 16,435,176
Deposit Account [Member]    
Noninterest income:    
Noninterest income $ 1,222,000 $ 1,077,000
Credit and Debit Card [Member]    
Noninterest income:    
Noninterest income $ 1,361,000 $ 1,337,000