XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income    
Loans, including fees $ 5,280 $ 4,653
Securities:    
Taxable 760 628
Tax exempt 369 361
Other 68 57
Total interest income 6,477 5,699
Interest expense    
Deposits 851 346
Advances from Federal Home Loan Bank 116 45
Other 14 1
Total interest expense 981 392
Net interest income 5,496 5,307
Provision for loan losses   35
Net interest income after provision for loan losses 5,496 5,272
Noninterest income    
Customer service charges 1,033 1,055
Insurance and investment commissions 63 62
Gains on sales of loans 246 261
Gains on sales of securities 1 9
Gains on sales of other assets 13 8
Earnings on life insurance policies 96 94
Change in market value of equity securities 187 23
Other 118 136
Total noninterest income 1,758 1,648
Noninterest expense    
Salaries and benefits 2,777 2,749
Occupancy and equipment 771 680
Data processing 556 534
Professional fees 517 217
Supplies and postage 100 116
Advertising and promotional 44 92
Other 569 576
Total noninterest expense 5,334 4,964
Income before income tax 1,920 1,956
Income tax expense 283 298
Net income $ 1,637 $ 1,658
Basic earnings per share (Note 4) (in dollars per share) $ 0.45 $ 0.46
Diluted earnings per share (Note 4) (in dollars per share) 0.45 0.46
Dividends declared per share (in dollars per share) $ 0.2 $ 0.17