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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income:    
Loans, including fees $ 14,228 $ 14,489
Taxable securities 1,487 1,195
Tax exempt securities 271 273
Interest-earning deposits 398 708
Total interest and dividend income 16,384 16,665
Interest expense:    
Deposits 1,286 1,461
Borrowed funds 36 37
Total interest expense 1,322 1,498
Net interest income 15,062 15,167
Provision for loan losses 3,050 1,093
Net interest income after provision for loan losses 12,012 14,074
Non-interest income:    
Changes in fair value of equity investments (246) 89
Net gains on sales of loans held for sale 75 48
Net gains (losses) on sales of other real estate owned (29) (83)
Income from bank-owned life insurance 119 15
Other 667 445
Total non-interest income 4,730 4,925
Non-interest expenses:    
Salaries and wages 5,768 5,721
Pension and other employee benefits 1,516 1,545
Other components of net periodic pension and postretirement benefits (265) (141)
Net occupancy 1,522 1,567
Furniture and equipment 475 528
Data processing 1,914 1,727
Professional services 329 405
Amortization of intangible assets 132 163
Marketing and advertising 324 268
Other real estate owned 29 31
FDIC insurance 250 265
Loan expense 310 196
Other 1,445 1,222
Total non-interest expenses 13,749 13,497
Income before income tax expense 2,993 5,502
Income tax expense 502 1,034
Net income $ 2,491 $ 4,468
Weighted average shares outstanding (in shares) 4,895 4,860
Basic and diluted earnings per share (in dollars per share) $ 0.51 $ 0.92
WMG fee income    
Non-interest income:    
Revenue from contract with customer, excluding assessed tax $ 2,229 $ 2,276
Service charges on deposit accounts    
Non-interest income:    
Revenue from contract with customer, excluding assessed tax 990 1,104
Interchange revenue from debit card transactions    
Non-interest income:    
Revenue from contract with customer, excluding assessed tax $ 925 $ 1,031