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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest and Dividend Income        
Interest and fees on loans $ 7,200 $ 6,546 $ 14,196 $ 12,851
Interest on deposits in banks 133 186 243 346
Interest and dividends on securities:        
Taxable interest 696 776 1,433 1,456
Tax-exempt interest 159 156 315 301
Dividends 26 22 50 44
Total interest and dividend income 8,214 7,686 16,237 14,998
Interest Expense        
Interest on deposits 1,051 665 1,973 1,255
Interest on subordinated debt 90 89 179 178
Interest on junior subordinated debt 108 101 219 187
Interest on other borrowings 2
Total interest expense 1,249 855 2,373 1,620
Net interest income 6,965 6,831 13,864 13,378
Provision for loan losses 200 200 100
Net interest income after provision for loan losses 6,765 6,831 13,664 13,278
Noninterest Income        
Noninterest income 1,899 1,899 3,729 3,740
Income from bank owned life insurance 99 77 202 636
Net gains on sale of loans 25 15 47 24
Other operating income 12 76 42 300
Total noninterest income 2,035 2,067 4,020 4,700
Noninterest Expense        
Salaries and employee benefits 3,375 3,227 6,818 6,610
Occupancy 401 387 839 787
Equipment 409 420 829 843
Marketing 239 161 380 270
Supplies 91 88 164 168
Legal and professional fees 303 223 544 414
ATM and check card expense 225 211 441 414
FDIC assessment 35 66 104 148
Bank franchise tax 136 118 266 233
Telecommunications expense 79 98 162 134
Data processing expense 179 170 352 332
Postage expense 44 42 92 103
Amortization expense 80 120 170 251
Other real estate owned expense (income), net 1 (22)
Other operating expense 634 532 1,167 1,045
Total noninterest expense 6,230 5,864 12,328 11,730
Income before income taxes 2,570 3,034 5,356 6,248
Income tax expense 484 583 1,009 1,110
Net income $ 2,086 $ 2,451 $ 4,347 $ 5,138
Earnings per common share        
Basic (in dollars per share) $ 0.42 $ 0.49 $ 0.88 $ 1.04
Diluted (in dollars per share) $ 0.42 $ 0.49 $ 0.88 $ 1.04
Deposit Account [Member]        
Noninterest Income        
Noninterest income $ 715 $ 784 $ 1,416 $ 1,546
Credit and Debit Card [Member]        
Noninterest Income        
Noninterest income 573 555 1,090 1,074
Asset Management [Member]        
Noninterest Income        
Noninterest income 458 409 895 816
Financial Service, Other [Member]        
Noninterest Income        
Noninterest income $ 153 $ 151 $ 328 $ 304