XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Loans, including fees $ 9,018 $ 8,792 $ 17,845 $ 17,401
Taxable securities 1,225 1,294 2,662 2,511
Non-taxable securities 386 364 675 804
Other 37 156 194 264
Total interest income 10,666 10,606 21,376 20,980
Interest expense:        
Deposits 736 1,180 1,755 2,182
Securities sold under agreement to repurchase 36 109 140 201
Other borrowed money 151 201 321 461
Total interest expense 923 1,490 2,216 2,844
Net interest income 9,743 9,116 19,160 18,136
Provision for loan losses 1,250 9 2,325 114
Net interest income after provision for loan losses 8,493 9,107 16,835 18,022
Non-interest income:        
Deposit service charges 210 380 609 791
Mortgage banking income 1,572 1,238 2,554 2,082
Investment advisory fees and non-deposit commissions 671 489 1,305 927
Gain on sale of securities 164 135
Gain (loss) on sale of other assets (3) 6 (3)
Other 934 918 1,841 1,763
Total non-interest income 3,387 3,186 6,315 5,695
Non-interest expense:        
Salaries and employee benefits 5,840 5,210 11,493 10,380
Occupancy 679 647 1,322 1,302
Equipment 298 389 616 775
Marketing and public relations 247 430 601 605
FDIC assessment 88 71 130 145
Other real estate expense 40 18 75 47
Amortization of intangibles 95 132 200 264
Other 1,844 1,743 3,732 3,445
Total non-interest expense 9,131 8,640 18,169 16,963
Net income before tax 2,749 3,653 4,981 6,754
Income taxes 532 772 970 1,378
Net income $ 2,217 $ 2,881 $ 4,011 $ 5,376
Basic earnings per common share $ 0.30 $ 0.38 $ 0.54 $ 0.70
Diluted earnings per common share $ 0.30 $ 0.37 $ 0.54 $ 0.70