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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 12,804,000 $ 11,821,000 $ 37,998,000 $ 34,109,000
Interest-earning deposits in other institutions 193,000 178,000 549,000 412,000
Federal funds sold 24,000 8,000 56,000 29,000
Investment securities:        
Taxable interest 206,000 167,000 599,000 506,000
Tax-exempt interest 613,000 598,000 1,731,000 1,673,000
Dividends on stock 45,000 57,000 156,000 169,000
Total interest and dividend income 13,885,000 12,829,000 41,089,000 36,898,000
INTEREST EXPENSE        
Deposits 3,173,000 2,178,000 9,395,000 5,803,000
Short-term borrowings 42,000 296,000 334,000 764,000
Other borrowings 92,000 104,000 283,000 344,000
Total interest expense 3,307,000 2,578,000 10,012,000 6,911,000
NET INTEREST INCOME 10,578,000 10,251,000 31,077,000 29,987,000
Provision for loan losses 80,000 210,000 430,000 630,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 10,498,000 10,041,000 30,647,000 29,357,000
NONINTEREST INCOME        
Investment securities gains on sale, net [1] 4,000 194,000
(Loss) gain on equity securities [1] (32,000) 15,000 12,000 46,000
Earnings on bank-owned life insurance [1] 109,000 108,000 323,000 318,000
Gain on sale of loans [1] 128,000 43,000 285,000 164,000
Total noninterest income 1,105,000 948,000 3,536,000 2,751,000
NONINTEREST EXPENSE        
Salaries and employee benefits 4,272,000 3,839,000 12,474,000 11,684,000
Occupancy expense 535,000 460,000 1,584,000 1,468,000
Equipment expense 244,000 262,000 770,000 696,000
Data processing costs 580,000 481,000 1,594,000 1,360,000
Ohio state franchise tax 262,000 244,000 782,000 603,000
Federal deposit insurance expense 150,000 230,000 450,000
Professional fees 401,000 346,000 1,235,000 1,118,000
Advertising expense 202,000 236,000 605,000 694,000
Software amortization expense 182,000 155,000 479,000 460,000
Core deposit intangible amortization 86,000 87,000 256,000 265,000
Other expense 909,000 832,000 2,646,000 2,702,000
Total noninterest expense 7,673,000 7,092,000 22,655,000 21,500,000
Income before income taxes 3,930,000 3,897,000 11,528,000 10,608,000
Income taxes 661,000 593,000 1,958,000 1,602,000
NET INCOME $ 3,269,000 $ 3,304,000 $ 9,570,000 $ 9,006,000
EARNINGS PER SHARE        
Basic (in dollars per share) $ 1.01 $ 1.02 $ 2.95 $ 2.79
Diluted (in dollars per share) $ 1.01 $ 1.02 $ 2.94 $ 2.78
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest income revenue $ 571,000 $ 491,000 $ 1,609,000 $ 1,416,000
Financial Service, Other [Member]        
NONINTEREST INCOME        
Noninterest income revenue $ 325,000 $ 291,000 $ 1,113,000 $ 807,000
[1] Not within scope of ASC 606