XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and Dividend Income        
Interest and fees on loans $ 7,568 $ 7,429 $ 22,187 $ 21,625
Interest on deposits in banks 25 97 159 340
Interest and dividends on securities:        
Taxable interest 575 645 1,881 2,078
Tax-exempt interest 152 157 454 472
Dividends 23 26 75 76
Total interest and dividend income 8,343 8,354 24,756 24,591
Interest Expense        
Interest on deposits 541 1,089 2,179 3,062
Interest on federal funds purchased 0 1 0 1
Interest on subordinated debt 160 90 341 269
Interest on junior subordinated debt 68 103 225 322
Interest on other borrowings 0 0 0 2
Total interest expense 769 1,283 2,745 3,656
Net interest income 7,574 7,071 22,011 20,935
Provision for loan losses 1,500 0 3,200 200
Net interest income after provision for loan losses 6,074 7,071 18,811 20,735
Noninterest Income        
Noninterest income 2,011 1,997 5,590 5,726
Income from bank owned life insurance 131 131 345 333
Net gains on securities available for sale 38 0 38 0
Net gains on sale of loans 3 34 60 81
Other operating income 18 29 40 71
Total noninterest income 2,201 2,191 6,073 6,211
Noninterest Expense        
Salaries and employee benefits 3,498 3,556 10,109 10,374
Occupancy 433 398 1,244 1,237
Equipment 439 410 1,267 1,239
Marketing 63 143 243 523
Supplies 112 86 304 250
Legal and professional fees 262 231 842 775
ATM and check card expense 259 225 727 666
FDIC assessment, premium 52   142 98
FDIC assessment, refund   (6)    
Bank franchise tax 162 136 476 402
Data processing expense 191 174 563 526
Amortization expense 33 71 127 241
Net gains on disposal of premises and equipment 0 0 (9) 0
Other operating expense 631 762 1,857 2,183
Total noninterest expense 6,135 6,186 17,892 18,514
Income before income taxes 2,140 3,076 6,992 8,432
Income tax expense 386 583 1,290 1,592
Net income $ 1,754 $ 2,493 $ 5,702 $ 6,840
Earnings per common share        
Basic (in dollars per share) $ 0.36 $ 0.50 $ 1.17 $ 1.38
Diluted (in dollars per share) $ 0.36 $ 0.50 $ 1.17 $ 1.38
Deposit Account [Member]        
Noninterest Income        
Noninterest income $ 446 $ 757 $ 1,475 $ 2,173
Credit and Debit Card [Member]        
Noninterest Income        
Noninterest income 669 586 1,738 1,676
Asset Management [Member]        
Noninterest Income        
Noninterest income 573 477 1,610 1,372
Financial Service, Other [Member]        
Noninterest Income        
Noninterest income $ 323 $ 177 $ 767 $ 505