XML 39 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
INTEREST INCOME        
Loans receivable, including fees $ 10,776 $ 9,301 $ 31,074 $ 26,645
Securities 1,278 1,483 4,155 4,543
Other 5 2 70 63
Total Interest Income 12,059 10,786 35,299 31,251
INTEREST EXPENSE        
Deposits 1,787 1,116 5,355 3,198
Short-term borrowings 135 111 344 201
Other borrowings 246 171 827 442
Total interest expense 2,168 1,398 6,526 3,841
NET INTEREST INCOME 9,891 9,388 28,773 27,410
PROVISION FOR LOAN LOSSES 300 375 1,050 1,350
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 9,591 9,013 27,723 26,060
OTHER INCOME        
Other Income 1,461 1,655 4,042 4,353
Net realized gains on sales of securities 169 13 233 213
Gain on sale of loans, net 15 15 125 15
Earnings and proceeds on bank owned life insurance 222 297 630 848
Other 109 392 358 716
Total Other Income 1,882 1,997 5,083 5,466
OTHER EXPENSES        
Salaries and employee benefits 3,667 3,577 10,915 10,445
Occupancy, furniture & equipment, net 916 910 2,780 2,659
Data processing and related operations 480 368 1,400 1,027
Taxes, other than income 179 153 520 480
Professional fees 276 301 752 760
Federal Deposit Insurance Corporation insurance (5) 87 150 265
Foreclosed real estate 24 (26) 37 68
Amortization of intangibles 23 29 79 97
Other 1,231 1,173 3,591 3,372
Total other expenses 6,791 6,572 20,224 19,173
INCOME BEFORE INCOME TAXES 4,682 4,438 12,582 12,353
INCOME TAX EXPENSE 775 728 1,963 2,001
NET INCOME $ 3,907 $ 3,710 $ 10,619 $ 10,352
BASIC EARNINGS PER SHARE $ 0.62 $ 0.59 $ 1.70 $ 1.66
DILUTED EARNINGS PER SHARE $ 0.62 $ 0.58 $ 1.68 $ 1.64
Service Charges And Fees [Member]        
OTHER INCOME        
Other Income $ 1,200 $ 1,129 $ 3,283 $ 3,211
Income From Fiduciary Activities [Member]        
OTHER INCOME        
Other Income $ 167 $ 151 $ 454 $ 463