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Condensed 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        
Loans, including fees $ 16,192 $ 16,723 $ 32,075 $ 31,403
Debt securities:        
U.S. Treasury and government agencies 767 816 1,913 1,529
Municipalities 243 211 505 422
Dividends 26 76 71 164
Federal funds sold 5 162 11 199
Other 40 295 162 428
Total interest income 17,273 18,283 34,737 34,145
Interest Expense        
Deposits 2,254 3,339 5,155 5,952
Federal funds purchased and securities sold under agreements to repurchase 187 141 431 326
Borrowed funds 257 269 523 556
Total interest expense 2,698 3,749 6,109 6,834
Net Interest Income - Before Provision for Loan Losses 14,575 14,534 28,628 27,311
Provision for Loan Losses 1,569 133 2,999 163
Net Interest Income After Provision for Loan Losses 13,006 14,401 25,629 27,148
Noninterest Income        
Net gain on sale of loans 364 196 591 298
Net gain (loss) on sale of available-for-sale securities     270 (26)
Total noninterest income 3,326 2,981 6,448 5,676
Noninterest Expense        
Salaries and wages 4,095 3,830 8,318 8,142
Employee benefits 1,218 1,223 2,895 2,817
Net occupancy expense 564 614 1,128 1,281
Furniture and equipment 750 763 1,508 1,459
Data processing 408 376 850 1,675
Franchise taxes 369 229 737 487
ATM expense 376 418 790 865
Advertising 265 382 568 642
Net (gain) loss on sale of other assets owned (7) 28 (6) 43
FDIC assessment 144 98 216 194
Mortgage servicing rights amortization 356 105 488 180
Consulting fees 217 95 356 208
Other general and administrative 1,639 1,551 3,241 3,230
Total noninterest expense 10,394 9,712 21,089 21,223
Income Before Income Taxes 5,938 7,670 10,988 11,601
Income Taxes 1,134 1,490 2,079 2,197
Net Income $ 4,804 $ 6,180 $ 8,909 $ 9,404
Basic and Diluted Earnings Per Share $ 0.43 $ 0.56 $ 0.80 $ 0.85
Dividends Declared $ 0.16 $ 0.15 $ 0.32 $ 0.30
Customer Service Fees [Member]        
Noninterest Income        
Noninterest income $ 2,258 $ 1,694 $ 3,844 $ 3,272
Other Service Charges and Fees [Member]        
Noninterest Income        
Noninterest income $ 704 $ 1,091 $ 1,743 $ 2,132