XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Interim 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 $ 13,297 $ 13,587 $ 26,551 $ 26,478
AFS securities        
Taxable 1,352 1,873 2,841 3,831
Nontaxable 986 1,207 2,039 2,460
Federal funds sold and other 234 148 639 527
Total interest income 15,869 16,815 32,070 33,296
Interest expense        
Deposits 2,247 2,865 5,038 5,583
Borrowings 1,318 1,662 2,726 3,236
Total interest expense 3,565 4,527 7,764 8,819
Net interest income 12,304 12,288 24,306 24,477
Provision for loan losses 105 (179) 893 (145)
Net interest income after provision for loan losses 12,199 12,467 23,413 24,622
Noninterest income        
Noninterest Income, Service Charges and Fees 1,386 1,540 2,739 3,001
Noninterest Income Investment and Trust Advisory Fees 656 780 1,228 1,457
Bank Owned Life Insurance Income, From Policy Redemption 349 0 873 0
Earnings on corporate owned life insurance policies 189 201 371 374
Net gain on sale of mortgage loans 466 116 617 209
Other 200 374 416 449
Total noninterest income 3,246 3,011 6,244 5,490
Noninterest expenses        
Compensation and benefits 5,793 5,957 11,662 11,679
Furniture and equipment 1,431 1,409 2,892 2,903
Occupancy 912 834 1,779 1,764
Other 2,564 2,549 5,312 5,192
Total noninterest expenses 10,700 10,749 21,645 21,538
Income before federal income tax expense 4,745 4,729 8,012 8,574
Federal Income Tax Expense (Benefit), Continuing Operations 558 541 761 890
NET INCOME $ 4,187 $ 4,188 $ 7,251 $ 7,684
Earnings per share        
Basic (in dollars per share) $ 0.53 $ 0.53 $ 0.91 $ 0.97
Diluted (in dollars per share) 0.52 0.52 0.90 0.95
Cash dividends per basic share (in dollars per share) $ 0.27 $ 0.26 $ 0.54 $ 0.52