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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INTEREST INCOME:        
Interest and fees on loans $ 13,190 $ 13,238 $ 38,688 $ 38,747
Interest on deposits in other banks 26 74 222 283
Interest and dividends on investment securities:        
Taxable 2,771 3,462 8,996 9,821
Exempt from Federal income taxes 444 153 1,015 1,144
Total interest income 16,431 16,927 48,921 49,995
INTEREST EXPENSE:        
Interest on deposits 363 566 1,169 1,428
Interest on junior subordinated deferrable interest debentures 25 51 106 163
Other 0 105 0 419
Total interest expense 388 722 1,275 2,010
Net interest income before provision for credit losses 16,043 16,205 47,646 47,985
PROVISION FOR CREDIT LOSSES 600 250 4,975 525
Net interest income after provision for credit losses 15,443 15,955 42,671 47,460
NON-INTEREST INCOME:        
Service charges 463 672 1,556 2,075
Appreciation in cash surrender value of bank-owned life insurance 178 184 536 545
Interchange fees 355 374 995 1,101
Net realized gains on sales of investment securities 57 1,685 4,197 5,196
Federal Home Loan Bank dividends 71 109 253 348
Loan placement fees 685 288 1,545 647
Other income 262 410 1,577 1,384
Total non-interest income 2,071 3,722 10,659 11,296
NON-INTEREST EXPENSES:        
Salaries and employee benefits 6,729 6,731 21,053 20,133
Occupancy and equipment 1,196 1,317 3,479 4,248
Professional services 715 404 1,695 1,011
Data processing 594 390 1,484 1,186
Regulatory assessments 147 (69) 340 217
ATM/Debit card expenses 144 270 625 647
Information technology 594 614 1,804 1,996
Directors’ expenses 140 184 468 552
Advertising 167 190 507 590
Internet banking expense 167 215 545 608
Amortization of core deposit intangibles 174 174 521 521
Other 961 1,114 2,784 3,263
Total non-interest expenses 11,728 11,534 35,305 34,972
Income before provision for income taxes 5,786 8,143 18,025 23,784
Provision for income taxes 1,442 2,452 4,757 6,790
Net income $ 4,344 $ 5,691 $ 13,268 $ 16,994
Earnings per common share:        
Basic earnings per common share (in dollars per share) $ 0.35 $ 0.43 $ 1.06 $ 1.26
Weighted average common shares used in basic computation (in shares) 12,471,070 13,360,030 12,551,480 13,515,109
Diluted earnings per common share (in dollars per share) $ 0.35 $ 0.42 $ 1.05 $ 1.25
Weighted average common shares used in diluted computation (in shares) 12,496,174 13,450,187 12,596,172 13,615,552
Cash dividends per common share (in dollars per share) $ 0.11 $ 0.11 $ 0.33 $ 0.32