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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 and Dividend Income        
Interest and fees on loans $ 8,773 $ 7,690 $ 16,712 $ 15,208
Interest and dividends on securities available for sale:        
Taxable interest income 715 760 1,610 1,545
Interest income exempt from federal income taxes 152 227 319 469
Dividends 15 17 34 33
Interest on deposits with other institutions 6 55 92 86
Interest on federal funds sold 0 1 1 2
Total interest and dividend income 9,661 8,750 18,768 17,343
Interest Expense        
Interest on deposits 879 1,055 1,981 1,999
Interest on federal funds purchased 0 6 0 31
Interest on Federal Home Loan Bank advances 25 0 25 0
Total interest expense 904 1,061 2,006 2,030
Net interest income 8,757 7,689 16,762 15,313
Provision for Loan Losses 752 256 655 450
Net interest income after provision for loan losses 8,005 7,433 16,107 14,863
Noninterest Income        
Income from fiduciary activities 403 375 700 657
Service charges on deposit accounts 170 282 454 567
Other service charges and fees 1,147 1,192 2,251 2,263
Gain (loss) on sale of securities     529 (3)
Gain on disposal of bank premises and equipment 0 0 0 120
Other operating income 173 29 178 118
Total noninterest income 2,422 1,878 4,112 3,722
Noninterest Expenses        
Salaries and employee benefits 4,373 3,874 8,461 7,416
Occupancy expenses 403 401 798 829
Equipment expenses 252 217 484 419
Advertising and marketing expenses 152 249 357 467
Stationery and supplies 34 37 66 66
ATM network fees 243 331 485 561
Other real estate owned expense (3) 1 (1) 1
Loss (gain) on other real estate owned 0 70 (132) 70
FDIC assessment 41 52 41 105
Computer software expense 161 110 281 220
Bank franchise tax 176 164 350 310
Professional fees 317 237 671 622
Data processing fees 382 303 863 543
Other operating expenses 483 778 1,165 1,426
Total noninterest expenses 7,014 6,824 13,889 13,055
Income before income taxes 3,413 2,487 6,330 5,530
Income Tax Expense 594 361 1,070 833
Net income $ 2,819 $ 2,126 $ 5,260 $ 4,697
Earnings Per Share        
Net income per common share, basic $ 0.83 $ 0.62 $ 1.54 $ 1.36
Net income per common share, diluted $ 0.83 $ 0.62 $ 1.54 $ 1.36