XML 17 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Interest and fees on loans $ 10,680 $ 10,619
Interest on due from banks 43 14
Interest on federal funds sold 123 0
Interest on investment securities:    
U.S. Government sponsored enterprises 685 673
State and political subdivisions 641 834
Other 78 43
Total interest income 12,250 12,183
Interest expense:    
NOW, MMDA & savings deposits 525 282
Time deposits 277 151
FHLB borrowings 64 46
Junior subordinated debentures 130 226
Other 45 52
Total interest expense 1,041 757
Net interest income 11,209 11,426
Provision for loan losses 1,521 178
Net interest income after provision for loan losses 9,688 11,248
Non-interest income:    
Service charges 1,108 1,093
Other service charges and fees 193 169
Gain on sale of securities 0 231
Mortgage banking income 322 147
Insurance and brokerage commissions 242 231
Appraisal management fee income 1,350 862
Miscellaneous 1,380 1,387
Total non-interest income 4,595 4,120
Non-interest expense:    
Salaries and employee benefits 5,724 5,647
Occupancy 1,921 1,737
Professional fees 333 289
Advertising 218 266
Debit card expense 230 227
FDIC insurance 40 72
Appraisal management fee expense 1,034 662
Other 1,949 2,016
Total non-interest expense 11,449 10,916
Earnings before income taxes 2,834 4,452
Income tax expense 467 785
Net earnings $ 2,367 $ 3,667
Basic net earnings per share $ .40 $ 0.61
Diluted net earnings per share .40 0.61
Cash dividends declared per share $ .30 $ 0.24