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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income        
Loans, including fees $ 14,020 $ 12,833 $ 40,498 $ 36,205
AFS securities        
Taxable 1,691 2,031 5,522 6,263
Nontaxable 1,151 1,301 3,611 4,014
Federal funds sold and other 299 254 826 771
Total interest income 17,161 16,419 50,457 47,253
Interest expense        
Deposits 2,980 2,436 8,563 6,712
Borrowings 1,570 1,795 4,806 4,661
Total interest expense 4,550 4,231 13,369 11,373
Net interest income 12,611 12,188 37,088 35,880
Provision for loan losses 193 (76) 48 636
Net interest income after provision for loan losses 12,418 12,264 37,040 35,244
Noninterest income        
Noninterest Income, Service Charges and Fees 1,705 1,557 4,706 4,533
Noninterest Income Investment and Trust Advisory Fees 689 748 2,146 2,144
Earnings on corporate owned life insurance policies 190 185 564 551
Net gain on sale of mortgage loans 199 171 408 339
Gains (Losses) on Sales of Other Real Estate 202 23 213 34
Debt Securities, Realized Gain (Loss) 6 0 6 0
Other 283 194 721 515
Total noninterest income 3,274 2,878 8,764 8,116
Noninterest expenses        
Compensation and benefits 5,971 5,845 17,650 17,018
Furniture and equipment 1,427 1,473 4,330 4,459
Occupancy 830 870 2,594 2,501
Other 2,392 2,899 7,584 8,004
Total noninterest expenses 10,620 11,087 32,158 31,982
Income before federal income tax expense 5,072 4,055 13,646 11,378
Federal Income Tax Expense (Benefit), Continuing Operations 630 359 1,520 887
NET INCOME $ 4,442 $ 3,696 $ 12,126 $ 10,491
Earnings per share        
Basic (in dollars per share) $ 0.56 $ 0.47 $ 1.53 $ 1.33
Diluted (in dollars per share) 0.55 0.46 1.50 1.30
Cash dividends per basic share (in dollars per share) $ 0.26 $ 0.26 $ 0.78 $ 0.78