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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and dividend income    
Loans, including fees $ 15,352 $ 13,820
Securities 602 464
Other 572 464
Total interest income 16,526 14,748
Interest expense    
Deposits 3,221 1,525
Borrowings 86 202
Borrowings 3,307 1,727
Net interest income 13,219 13,021
Recovery of loan losses (87) (258)
Net interest income after recovery of loan losses 13,306 13,279
Noninterest income    
Income from product and service 930 978
Loan servicing fees 23 70
Mortgage brokerage and banking fees 28 71
Gain on sale of equity securities 295 0
Loss on disposal of other assets (19) 0
Trust and insurance commissions and annuities income 205 213
Earnings on bank-owned life insurance 30 66
Other 132 141
Total noninterest income 1,624 1,539
Noninterest expense    
Compensation and benefits 5,703 5,322
Office occupancy and equipment 1,845 1,731
Advertising and public relations 161 143
Information technology 692 641
Supplies, telephone, and postage 399 333
Amortization of intangibles 20 122
Nonperforming asset management 54 202
Operations of other real estate owned (44) 161
FDIC insurance premiums 108 119
Other 1,160 1,185
Total noninterest expense 10,098 9,959
Income before income taxes 4,832 4,859
Income tax expense 1,281 1,300
Net income $ 3,551 $ 3,559
Basic earnings per common share (usd per share) $ 0.22 $ 0.20
Diluted earnings per common share (usd per share) $ 0.22 $ 0.20
Weighted average common shares outstanding (shares) 16,202,303 17,930,639
Diluted weighted average common shares outstanding (shares) 16,202,303 17,931,100