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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income      
Loans, including fees $ 26,777 $ 20,033 $ 17,964
Securities:      
Taxable 3,956 2,896 2,556
Tax exempt 1,472 1,465 1,419
Other 268 131 102
Total interest income 32,473 24,525 22,041
Interest expense      
Deposits 4,188 2,175 1,189
Advances from Federal Home Loan Bank 455 235 276
Other 57 51 13
Total interest expense 4,700 2,461 1,478
Net interest income 27,773 22,064 20,563
Provision for loan losses (Note 3)   35 485
Net interest income after provision for loan losses 27,773 22,029 20,078
Noninterest income      
Customer service charges 5,277 4,525 4,135
Insurance and investment commissions 310 335 826
Gains on sales of loans (Note 4) 1,951 1,003 1,265
Net gains/(losses) on sales of securities (Note 2) 22 34 (280)
Net gains on sales and write-downs of other assets (Note 7) 55 83 26
Earnings on life insurance policies 773 385 398
Change in market value of equity securities   71  
Gain on sale of investment book of business     908
Other 780 484 533
Total noninterest income 9,168 6,920 7,811
Noninterest expense      
Salaries and benefits (Notes 13 and 14) 14,401 10,997 10,249
Occupancy and equipment (Note 5) 3,557 2,722 2,896
Data processing 3,210 2,205 2,279
Professional fees 3,112 1,349 1,166
Supplies and postage 407 408 399
Advertising and promotional 528 308 298
Intangible amortization (Note 6) 353    
FDIC insurance 45 185 200
Other 2,863 2,287 1,847
Total noninterest expense 28,476 20,461 19,334
Income before income tax 8,465 8,488 8,555
Income tax expense (Note 11) 1,294 1,155 2,387
Net income $ 7,171 $ 7,333 $ 6,168
Basic earnings per share (Note 15) (in dollars per share) $ 1.58 $ 2.03 $ 1.70
Diluted earnings per share (Note 15) (in dollars per share) 1.58 2.02 1.70
Dividends declared per share (in dollars per share) $ 1.40 $ 0.71 $ 0.64