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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 and Dividend Income        
Interest and fees on loans $ 7,416 $ 7,200 $ 14,619 $ 14,196
Interest on deposits in banks 16 133 134 243
Interest and dividends on securities:        
Taxable interest 636 696 1,306 1,433
Tax-exempt interest 151 159 302 315
Dividends 26 26 52 50
Total interest and dividend income 8,245 8,214 16,413 16,237
Interest Expense        
Interest on deposits 676 1,051 1,638 1,973
Interest on subordinated debt 91 90 181 179
Interest on junior subordinated debt 67 108 157 219
Interest on other borrowings 0 0 0 2
Total interest expense 834 1,249 1,976 2,373
Net interest income 7,411 6,965 14,437 13,864
Provision for loan losses 800 200 1,700 200
Net interest income after provision for loan losses 6,611 6,765 12,737 13,664
Noninterest Income        
Noninterest income 1,647 1,899 3,579 3,729
Income from bank owned life insurance 99 99 214 202
Net gains on sale of loans 26 25 57 47
Other operating income 1 12 22 42
Total noninterest income 1,773 2,035 3,872 4,020
Noninterest Expense        
Salaries and employee benefits 3,022 3,375 6,611 6,818
Occupancy 409 401 811 839
Equipment 418 409 828 829
Marketing 74 239 180 380
Supplies 103 91 192 164
Legal and professional fees 301 303 580 544
ATM and check card expense 223 225 468 441
FDIC assessment 60 35 90 104
Bank franchise tax 161 136 314 266
Data processing expense 188 179 372 352
Amortization expense 42 80 94 170
Net gains on disposal of premises and equipment 0 0 (9) 0
Other operating expense 612 757 1,226 1,421
Total noninterest expense 5,613 6,230 11,757 12,328
Income before income taxes 2,771 2,570 4,852 5,356
Income tax expense 528 484 904 1,009
Net income $ 2,243 $ 2,086 $ 3,948 $ 4,347
Earnings per common share        
Basic (in dollars per share) $ 0.46 $ 0.42 $ 0.81 $ 0.88
Diluted (in dollars per share) $ 0.46 $ 0.42 $ 0.81 $ 0.88
Deposit Account [Member]        
Noninterest Income        
Noninterest income $ 348 $ 715 $ 1,029 $ 1,416
Credit and Debit Card [Member]        
Noninterest Income        
Noninterest income 550 573 1,069 1,090
Asset Management [Member]        
Noninterest Income        
Noninterest income 512 458 1,037 895
Financial Service, Other [Member]        
Noninterest Income        
Noninterest income $ 237 $ 153 $ 444 $ 328