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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 21,469 $ 18,427
Taxable securities 1,244 1,233
Tax exempt securities 1,595 1,331
Dividends 175 146
Federal funds sold and other interest income 196 145
TOTAL INTEREST AND DIVIDEND INCOME 24,679 21,282
INTEREST EXPENSE    
Deposits 3,435 1,411
Short-term borrowings 1,231 881
Long-term borrowings 48 44
TOTAL INTEREST EXPENSE 4,714 2,336
NET INTEREST INCOME 19,965 18,946
Provision for loan losses 550 775
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 19,415 18,171
NONINTEREST INCOME    
Bank owned life insurance income 214 222
Security gains, including fair value changes for equity securities 10 18
Net gains on sale of loans 671 487
Other operating income 494 333
TOTAL NONINTEREST INCOME 6,520 6,010
NONINTEREST EXPENSES    
Salaries and employee benefits 9,356 8,738
Occupancy and equipment 1,717 1,704
State and local taxes 470 459
Professional fees 794 698
Merger related costs 0 25
Advertising 250 275
FDIC insurance 87 222
Intangible amortization 327 354
Core processing charges 791 739
Telephone and data 260 237
Other operating expenses 1,925 1,645
TOTAL NONINTEREST EXPENSES 15,977 15,096
INCOME BEFORE INCOME TAXES 9,958 9,085
INCOME TAXES 1,570 1,359
NET INCOME $ 8,388 $ 7,726
EARNINGS PER SHARE - basic and diluted $ 0.30 $ 0.28
Service Charges on Deposit Accounts    
NONINTEREST INCOME    
Noninterest income $ 1,074 $ 1,003
Trust Fees    
NONINTEREST INCOME    
Noninterest income 1,858 1,807
Insurance Agency Commissions    
NONINTEREST INCOME    
Noninterest income 803 699
Retirement Plan Consulting Fees    
NONINTEREST INCOME    
Noninterest income 358 379
Investment Commissions    
NONINTEREST INCOME    
Noninterest income 260 256
Debit Card and EFT Fees    
NONINTEREST INCOME    
Noninterest income $ 778 $ 806