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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME        
Loans receivable, including fees $ 10,328 $ 8,857 $ 20,298 $ 17,344
Securities 1,435 1,536 2,876 3,060
Other 51 43 66 61
Total Interest Income 11,814 10,436 23,240 20,465
INTEREST EXPENSE        
Deposits 1,839 1,052 3,568 2,082
Short-term borrowings 85 38 209 90
Other borrowings 278 131 581 271
Total interest expense 2,202 1,221 4,358 2,443
NET INTEREST INCOME 9,612 9,215 18,882 18,022
PROVISION FOR LOAN LOSSES 300 425 750 975
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 9,312 8,790 18,132 17,047
OTHER INCOME        
Other Income 1,279 1,427 2,580 2,696
Net realized gains on sales of securities 64 58 64 200
Gain on sale of loans, net 67   110  
Earnings and proceeds on bank owned life insurance 207 279 408 552
Other 106 161 249 323
Total Other Income 1,641 1,774 3,201 3,468
OTHER EXPENSES        
Salaries and employee benefits 3,599 3,406 7,248 6,868
Occupancy, furniture & equipment, net 940 857 1,864 1,749
Data processing and related operations 472 340 920 658
Taxes, other than income 179 153 340 327
Professional fees 226 229 476 459
Federal Deposit Insurance Corporation insurance 84 86 155 178
Foreclosed real estate (10) 114 13 95
Amortization of intangibles 27 33 56 68
Other 1,268 1,135 2,361 2,198
Total other expenses 6,785 6,353 13,433 12,600
INCOME BEFORE INCOME TAXES 4,168 4,211 7,900 7,915
INCOME TAX EXPENSE 646 698 1,188 1,273
NET INCOME $ 3,522 $ 3,513 $ 6,712 $ 6,642
BASIC EARNINGS PER SHARE $ 0.56 $ 0.57 $ 1.07 $ 1.07
DILUTED EARNINGS PER SHARE $ 0.56 $ 0.56 $ 1.06 $ 1.06
Service Charges And Fees [Member]        
OTHER INCOME        
Other Income $ 1,052 $ 1,101 $ 2,083 $ 2,082
Income From Fiduciary Activities [Member]        
OTHER INCOME        
Other Income $ 145 $ 175 $ 287 $ 311