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Consolidated Statement of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Interest and fees on loans $ 12,496 $ 10,927 $ 24,686 $ 21,408
Interest on investment securities: Taxable 1,450 1,474 2,917 2,921
Interest on investment securities: Exempt from federal income tax 242 235 522 473
Total investment income 1,692 1,709 3,439 3,394
Other 223 88 358 284
Total interest income 14,411 12,724 28,483 25,086
Interest expense        
Interest on deposits 1,965 928 3,736 1,784
Interest on short-term borrowings 28 94 131 124
Interest on long-term borrowings 891 834 1,743 1,728
Total interest expense 2,884 1,856 5,610 3,636
Net interest income 11,527 10,868 22,873 21,450
Provision for loan losses 333 269 682 716
Net interest income after provision for loan losses 11,194 10,599 22,191 20,734
Other operating income        
Net gains 30 147 44 181
Total other income 3,909 3,735 7,616 7,411
Total other operating income 3,939 3,882 7,660 7,592
Other operating expenses        
Salaries and employee benefits 6,146 6,119 12,364 12,038
FDIC premiums 183 170 294 303
Equipment 936 753 1,819 1,436
Occupancy 706 614 1,418 1,252
Data processing 1,054 911 1,995 1,843
Professional Services 318 307 522 643
Contract Labor 175 161 331 337
Line rentals 198 219 415 430
Other real estate owned 786 108 929 493
Other 1,239 1,263 2,344 2,541
Total other operating expenses 11,741 10,625 22,431 21,316
Income before income tax expense 3,392 3,856 7,420 7,010
Provision for income tax expense 790 840 1,667 1,488
Net Income $ 2,602 $ 3,016 $ 5,753 $ 5,522
Basic and diluted net income per common share $ 0.37 $ 0.43 $ 0.81 $ 0.78
Weighted average number of basic and diluted shares outstanding 7,100,000 7,077,000 7,094,000 7,072,000
Dividends declared per common share $ 0.09 $ 0.09 $ 0.18 $ 0.18
Service Charges on Deposit Accounts [Member]        
Other operating income        
Total other income $ 555 $ 557 $ 1,074 $ 1,120
Other Service Charges [Member]        
Other operating income        
Total other income 225 211 433 440
Trust Department [Member]        
Other operating income        
Total other income 1,832 1,641 3,547 3,305
Debit Card Income [Member]        
Other operating income        
Total other income 676 648 1,276 1,201
Bank Owned Life Insurance [Member]        
Other operating income        
Total other income 288 285 591 584
Brokerage Commissions [Member]        
Other operating income        
Total other income 203 306 441 551
Other [Member]        
Other operating income        
Total other income $ 130 $ 87 $ 254 $ 210