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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
INTEREST INCOME        
Loans receivable, including fees $ 10,767 $ 10,328 $ 21,450 $ 20,298
Securities 1,063 1,435 2,242 2,876
Other 19 51 25 66
Total interest income 11,849 11,814 23,717 23,240
INTEREST EXPENSE        
Deposits 1,630 1,839 3,420 3,568
Short-term borrowings 73 85 184 209
Other borrowings 279 278 581 581
Total interest expense 1,982 2,202 4,185 4,358
NET INTEREST INCOME 9,867 9,612 19,532 18,882
PROVISION FOR LOAN LOSSES 1,300 300 2,000 750
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 8,567 9,312 17,532 18,132
OTHER INCOME        
Other Income 1,120 1,279 2,452 2,580
Net realized gains on sales of securities   64 38 64
Gain on sale of loans, net 65 67 121 110
Earnings and proceeds on bank owned life insurance 212 207 420 408
Other 103 106 239 249
Total other income 1,392 1,641 3,047 3,201
OTHER EXPENSES        
Salaries and employee benefits 3,289 3,599 7,065 7,248
Occupancy, furniture & equipment, net 906 940 1,875 1,864
Data processing and related operations 466 472 903 920
Taxes, other than income 214 179 427 340
Professional fees 225 226 443 476
Federal Deposit Insurance Corporation insurance 42 84 42 155
Foreclosed real estate (2) (10) 14 13
Amortization of intangibles 21 27 44 56
Merger related 1,597   1,597  
Other 1,334 1,268 2,742 2,361
Total Other Expenses 8,092 6,785 15,152 13,433
INCOME BEFORE INCOME TAXES 1,867 4,168 5,427 7,900
INCOME TAX EXPENSE 379 646 860 1,188
NET INCOME $ 1,488 $ 3,522 $ 4,567 $ 6,712
BASIC EARNINGS PER SHARE $ 0.24 $ 0.56 $ 0.73 $ 1.07
DILUTED EARNINGS PER SHARE $ 0.24 $ 0.56 $ 0.73 $ 1.06
Service Charges And Fees [Member]        
OTHER INCOME        
Other Income $ 837 $ 1,052 $ 1,901 $ 2,083
Income From Fiduciary Activities [Member]        
OTHER INCOME        
Other Income $ 175 $ 145 $ 328 $ 287