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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME:    
Interest and fees on loans $ 12,898 $ 12,554
Interest on deposits in other banks 183 150
Interest and dividends on investment securities:    
Taxable 3,266 3,023
Exempt from Federal income taxes 159 562
Total interest income 16,506 16,289
INTEREST EXPENSE:    
Interest on deposits 432 393
Interest on junior subordinated deferrable interest debentures 45 57
Other 0 4
Total interest expense 477 454
Net interest income before provision for credit losses 16,029 15,835
PROVISION FOR (REVERSAL OF) CREDIT LOSSES 1,375 (25)
Net interest income after provision for credit losses 14,654 15,860
NON-INTEREST INCOME:    
Service charges 646 690
Appreciation in cash surrender value of bank-owned life insurance 182 171
Interchange fees 333 343
Net realized gains on sales of investment securities 4,198 1,052
Federal Home Loan Bank dividends 107 121
Loan placement fees 299 139
Other income 776 460
Total non-interest income 6,541 2,976
NON-INTEREST EXPENSES:    
Salaries and employee benefits 7,512 6,490
Occupancy and equipment 1,144 1,479
Professional services 458 327
Data processing 336 395
Regulatory assessments 47 152
ATM/Debit card expenses 294 191
Information technology 608 777
Directors’ expenses 192 176
Advertising 173 202
Internet banking expense 196 194
Amortization of core deposit intangibles 174 174
Other 944 1,110
Total non-interest expenses 12,078 11,667
Income before provision for income taxes 9,117 7,169
Provision for income taxes 2,494 1,953
Net income $ 6,623 $ 5,216
Earnings per common share:    
Basic earnings per common share (in dollars per share) $ 0.52 $ 0.38
Weighted average common shares used in basic computation (in shares) 12,734,971 13,646,489
Diluted earnings per common share (in dollars per share) $ 0.52 $ 0.38
Weighted average common shares used in diluted computation (in shares) 12,779,096 13,755,615
Cash dividends per common share (in dollars per share) $ 0.11 $ 0.10