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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INTEREST INCOME        
Loans receivable, including fees $ 16,260 $ 10,776 $ 37,711 $ 31,074
Securities 1,031 1,278 3,272 4,155
Other 18 5 43 70
Total interest income 17,309 12,059 41,026 35,299
INTEREST EXPENSE        
Deposits 1,676 1,787 5,096 5,355
Short-term borrowings 61 135 244 344
Other borrowings 242 246 824 827
Total interest expense 1,979 2,168 6,164 6,526
NET INTEREST INCOME 15,330 9,891 34,862 28,773
PROVISION FOR LOAN LOSSES 1,850 300 3,850 1,050
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 13,480 9,591 31,012 27,723
OTHER INCOME        
Other Income 1,606 1,461 4,057 4,042
Net realized gains on sales of securities 33 169 71 233
Gain on sale of loans, net 164 15 285 125
Earnings and proceeds on bank owned life insurance 217 222 638 630
Other 152 109 391 358
Total other income 2,072 1,882 5,119 5,083
OTHER EXPENSES        
Salaries and employee benefits 4,812 3,667 11,878 10,915
Occupancy, furniture & equipment, net 1,109 916 2,983 2,780
Data processing and related operations 746 480 1,649 1,400
Taxes, other than income 214 179 641 520
Professional fees 292 276 735 752
Federal Deposit Insurance Corporation insurance 144 (5) 186 150
Foreclosed real estate 31 24 44 37
Amortization of intangibles 35 23 79 79
Merger related 386   1,983  
Other 1,611 1,231 4,353 3,591
Total Other Expenses 9,380 6,791 24,531 20,224
INCOME BEFORE INCOME TAXES 6,172 4,682 11,600 12,582
INCOME TAX EXPENSE 1,173 775 2,033 1,963
NET INCOME $ 4,999 $ 3,907 $ 9,567 $ 10,619
BASIC EARNINGS PER SHARE $ 0.62 $ 0.62 $ 1.39 $ 1.70
DILUTED EARNINGS PER SHARE $ 0.62 $ 0.62 $ 1.39 $ 1.68
Service Charges And Fees [Member]        
OTHER INCOME        
Other Income $ 1,301 $ 1,200 $ 3,201 $ 3,283
Income From Fiduciary Activities [Member]        
OTHER INCOME        
Other Income $ 205 $ 167 $ 533 $ 454