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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income        
Loans, including fees $ 5,028 $ 4,401 $ 9,624 $ 8,565
Securities:        
Taxable 713 663 1,398 1,284
Tax exempt 362 352 723 713
Other 12 9 69 24
Total interest income 6,115 5,425 11,814 10,586
Interest expense        
Deposits 463 292 809 540
Advances from Federal Home Loan Bank 57 52 102 107
Other 25 4 26 7
Total interest expense 545 348 937 654
Net interest income 5,570 5,077 10,877 9,932
Provision for loan losses (Note 3) 25 35 25
Net interest income after provision for loan losses 5,570 5,052 10,842 9,907
Noninterest income        
Customer service charges 1,120 1,049 2,175 2,023
Insurance and investment commissions 72 262 134 500
Gains on sales of loans 288 341 549 565
Gains on sales of securities 16 60 25 126
Net gain on sales of other assets   4 8 4
Earnings on life insurance policies 98 99 192 198
Other 127 127 286 258
Total noninterest income 1,721 1,942 3,369 3,674
Noninterest expense        
Salaries and benefits 2,779 2,591 5,528 5,106
Occupancy and equipment 664 689 1,344 1,397
Data processing 555 554 1,089 1,130
Professional fees 311 262 528 491
Supplies and postage 97 90 213 191
Advertising and promotional 85 73 177 127
Other 623 520 1,199 1,006
Total noninterest expense 5,114 4,779 10,078 9,448
Income before income tax 2,177 2,215 4,132 4,133
Income tax expense 344 580 642 1,052
Net income $ 1,833 $ 1,635 $ 3,491 $ 3,081
Basic earnings per share (Note 4) (in dollars per share) $ 0.51 $ 0.45 $ 0.97 $ 0.85
Diluted earnings per share (Note 4) (in dollars per share) 0.5 0.45 0.96 0.85
Dividends declared per share (in dollars per share) $ 0.18 $ 0.16 $ 0.35 $ 0.31