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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
INTEREST INCOME:        
Interest and fees on loans $ 12,600 $ 12,955 $ 25,498 $ 25,509
Interest on deposits in other banks 13 59 196 209
Interest and dividends on investment securities:        
Taxable 2,959 3,337 6,225 6,360
Exempt from Federal income taxes 412 429 571 991
Total interest income 15,984 16,780 32,490 33,069
INTEREST EXPENSE:        
Interest on deposits 374 469 806 862
Interest on junior subordinated deferrable interest debentures 36 55 81 112
Other 0 310 0 314
Total interest expense 410 834 887 1,288
Net interest income before provision for credit losses 15,574 15,946 31,603 31,781
PROVISION FOR CREDIT LOSSES 3,000 300 4,375 275
Net interest income after provision for credit losses 12,574 15,646 27,228 31,506
NON-INTEREST INCOME:        
Service charges 447 713 1,093 1,403
Appreciation in cash surrender value of bank-owned life insurance 176 190 358 361
Interchange fees 307 384 640 727
Net realized gains (losses) on sales of investment securities (58) 2,459 4,140 3,511
Federal Home Loan Bank dividends 75 118 182 239
Loan placement fees 561 220 860 359
Other income 537 514 1,315 974
Total non-interest income 2,045 4,598 8,588 7,574
NON-INTEREST EXPENSES:        
Salaries and employee benefits 6,812 6,912 14,324 13,402
Occupancy and equipment 1,139 1,452 2,283 2,931
Professional services 522 280 980 607
Data processing 554 401 890 796
Regulatory assessments 146 134 193 286
ATM/Debit card expenses 187 186 481 377
Information technology 602 605 1,210 1,382
Directors’ expenses 136 193 328 369
Advertising 167 198 340 400
Internet banking expense 182 199 378 393
Amortization of core deposit intangibles 173 173 347 347
Other 878 1,039 1,823 2,149
Total non-interest expenses 11,498 11,772 23,577 23,439
Income before provision for income taxes 3,121 8,472 12,239 15,641
Provision for income taxes 820 2,385 3,315 4,338
Net income $ 2,301 $ 6,087 $ 8,924 $ 11,303
Earnings per common share:        
Basic earnings per common share (in dollars per share) $ 0.18 $ 0.45 $ 0.71 $ 0.84
Weighted average common shares used in basic computation (in shares) 12,449,283 13,533,724 12,592,126 13,515,752
Diluted earnings per common share (in dollars per share) $ 0.18 $ 0.45 $ 0.71 $ 0.83
Weighted average common shares used in diluted computation (in shares) 12,486,681 13,635,834 12,646,403 13,612,866
Cash dividends per common share (in dollars per share) $ 0.11 $ 0.11 $ 0.22 $ 0.21