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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Loans, including fees $ 13,587 $ 12,076 $ 26,478 $ 23,372
AFS securities        
Taxable 1,873 2,110 3,831 4,232
Nontaxable 1,207 1,331 2,460 2,713
Federal funds sold and other 148 196 527 517
Total interest income 16,815 15,713 33,296 30,834
Interest expense        
Deposits 2,865 2,230 5,583 4,276
Borrowings 1,662 1,511 3,236 2,866
Total interest expense 4,527 3,741 8,819 7,142
Net interest income 12,288 11,972 24,477 23,692
Provision for loan losses (179) 328 (145) 712
Net interest income after provision for loan losses 12,467 11,644 24,622 22,980
Noninterest Income, Service Charges and Fees 1,540 1,488 3,001 2,976
Noninterest Income Investment and Trust Advisory Fees 780 738 1,457 1,396
Noninterest income        
Net gain on sale of mortgage loans 116 87 209 168
Earnings on corporate owned life insurance policies 201 185 374 366
Other 374 242 449 332
Total noninterest income 3,011 2,740 5,490 5,238
Noninterest expenses        
Compensation and benefits 5,957 5,679 11,679 11,173
Furniture and equipment 1,409 1,537 2,903 2,986
Occupancy 834 807 1,764 1,631
Other 2,549 2,765 5,192 5,105
Total noninterest expenses 10,749 10,788 21,538 20,895
Income before federal income tax expense 4,729 3,596 8,574 7,323
Federal Income Tax Expense (Benefit), Continuing Operations 541 263 890 528
NET INCOME $ 4,188 $ 3,333 $ 7,684 $ 6,795
Earnings per share        
Basic (in dollars per share) $ 0.53 $ 0.42 $ 0.97 $ 0.86
Diluted (in dollars per share) 0.52 0.41 0.95 0.84
Cash dividends per basic share (in dollars per share) $ 0.26 $ 0.26 $ 0.52 $ 0.52