XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statement of Income (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 12,603,000 $ 12,804,000 $ 36,962,000 $ 37,998,000
Interest-earning deposits in other institutions 8,000 193,000 109,000 549,000
Federal funds sold 0 24,000 21,000 56,000
Investment securities:        
Taxable interest 249,000 206,000 612,000 599,000
Tax-exempt interest 618,000 613,000 1,881,000 1,731,000
Dividends on stock 29,000 45,000 86,000 156,000
Total interest and dividend income 13,507,000 13,885,000 39,671,000 41,089,000
INTEREST EXPENSE        
Deposits 2,106,000 3,173,000 7,307,000 9,395,000
Short-term borrowings 14,000 42,000 81,000 334,000
Other borrowings 28,000 92,000 166,000 283,000
Total interest expense 2,148,000 3,307,000 7,554,000 10,012,000
NET INTEREST INCOME 11,359,000 10,578,000 32,117,000 31,077,000
Provision for loan losses 4,000,000 80,000 7,740,000 430,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 7,359,000 10,498,000 24,377,000 30,647,000
NONINTEREST INCOME        
Investment securities gains on sale, net [1] 0 4,000 0 194,000
(Loss) gain on equity securities [1] (28,000) (32,000) (157,000) 12,000
Earnings on bank-owned life insurance [1] 109,000 109,000 321,000 323,000
Gain on sale of loans [1] 660,000 128,000 1,155,000 285,000
Total noninterest income 1,811,000 1,105,000 4,380,000 3,536,000
NONINTEREST EXPENSE        
Salaries and employee benefits 3,597,000 4,272,000 11,197,000 12,474,000
Occupancy expense 497,000 535,000 1,530,000 1,584,000
Equipment expense 363,000 244,000 943,000 770,000
Data processing costs 683,000 580,000 2,033,000 1,594,000
Ohio state franchise tax 282,000 262,000 831,000 782,000
Federal deposit insurance expense 123,000 0 320,000 230,000
Professional fees 289,000 401,000 1,007,000 1,235,000
Gain on other real estate owned (195,000) (18,000) (257,000) (130,000)
Advertising expense 217,000 202,000 643,000 605,000
Software amortization expense 70,000 100,000 285,000 206,000
Core deposit intangible amortization 83,000 86,000 249,000 256,000
Other expense 1,013,000 1,009,000 3,182,000 3,049,000
Total noninterest expense 7,022,000 7,673,000 21,963,000 22,655,000
Income before income taxes 2,148,000 3,930,000 6,794,000 11,528,000
Income taxes 295,000 661,000 934,000 1,958,000
NET INCOME $ 1,853,000 $ 3,269,000 $ 5,860,000 $ 9,570,000
EARNINGS PER SHARE        
Basic (in dollars per share) $ 0.29 $ 0.51 $ 0.92 $ 1.48
Diluted (in dollars per share) $ 0.29 $ 0.50 $ 0.92 $ 1.47
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest income revenue $ 691,000 $ 571,000 $ 1,810,000 $ 1,609,000
Financial Service, Other [Member]        
NONINTEREST INCOME        
Noninterest income revenue $ 379,000 $ 325,000 $ 1,251,000 $ 1,113,000
[1] Not within scope of ASC 606