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Consolidated Statements of Operations - 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        
Loans, including fees $ 15,389 $ 13,977 $ 30,741 $ 27,797
Securities 602 546 1,204 1,010
Other 531 497 1,103 961
Total interest income 16,522 15,020 33,048 29,768
Interest expense        
Deposits 3,417 1,829 6,638 3,354
Borrowings 2 210 88 412
Borrowings 3,419 2,039 6,726 3,766
Net interest income 13,103 12,981 26,322 26,002
Provision for (recovery of) loan losses (3,957) (23) (3,870) 235
Net interest income after provision for (recovery of) loan losses 9,146 12,958 22,452 26,237
Noninterest income        
Income from product and service 974 989 1,904 1,967
Loan servicing fees 56 90 79 160
Mortgage brokerage and banking fees 21 109 49 180
Gain (loss) on sale of equity securities 0 (14) 295 (14)
Loss on disposal of other assets 0 93 0 93
Gain (Loss) on Disposition of Other Assets 0 0 (19) 0
Trust and insurance commissions and annuities income 224 250 429 463
Earnings on bank-owned life insurance (38) (45) (68) (111)
Bank-owned life insurance death benefit 0 1,389 0 1,389
Other 113 143 245 284
Total noninterest income 1,426 3,094 3,050 4,633
Noninterest expense        
Compensation and benefits 5,207 5,790 10,910 11,112
Office occupancy and equipment 1,621 1,662 3,466 3,393
Advertising and public relations 145 274 306 417
Information technology 736 708 1,428 1,349
Supplies, telephone, and postage 319 396 718 729
Amortization of intangibles 14 21 34 143
Nonperforming asset management 58 51 112 253
Operations of other real estate owned, net 47 135 3 296
FDIC insurance premiums 146 104 254 223
Other 1,179 1,074 2,339 2,259
Total noninterest expense 9,472 10,215 19,570 20,174
Income before income taxes 1,100 5,837 5,932 10,696
Income tax expense 293 1,207 1,574 2,507
Net income $ 807 $ 4,630 $ 4,358 $ 8,189
Basic earnings per common share (usd per share) $ 0.05 $ 0.26 $ 0.28 $ 0.46
Diluted earnings per common share (usd per share) $ 0.05 $ 0.26 $ 0.28 $ 0.46
Weighted average common shares outstanding (shares) 15,472,618 17,633,815 15,835,445 17,781,407
Diluted weighted average common shares outstanding (shares) 15,472,618 17,633,815 15,835,445 17,781,407