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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income    
Loans, including fees $ 13,611 $ 15,352
Securities 304 602
Other 738 572
Total interest income 14,653 16,526
Interest expense    
Deposits 2,684 3,221
Borrowings 0 86
Borrowings 2,684 3,307
Net interest income 11,969 13,219
Provision for (recovery of) loan losses (471) 87
Net interest income after provision for (recovery of) loan losses 11,498 13,306
Noninterest income    
Income from product and service 887 930
Loan servicing fees 63 23
Mortgage brokerage and banking fees 29 28
Gain on sale of equity securities   295
Gross gains 0 295
Loss on disposal of other assets   (19)
Gain (Loss) on Disposition of Other Assets (2) (19)
Trust and insurance commissions and annuities income 282 205
Earnings on bank-owned life insurance (32) (30)
Other 107 132
Total noninterest income 1,398 1,624
Noninterest expense    
Compensation and benefits 5,518 5,703
Office occupancy and equipment 1,800 1,845
Advertising and public relations 152 161
Information technology 822 692
Professional Fees 263 306
Supplies, telephone, and postage 300 399
Amortization of intangibles 14 20
Nonperforming asset management 40 54
Operations of other real estate owned, net (17) (44)
FDIC insurance premiums 34 108
Other 702 854
Total noninterest expense 9,628 10,098
Income before income taxes 3,268 4,832
Income tax expense 850 1,281
Net income $ 2,418 $ 3,551
Basic earnings per common share (usd per share) $ 0.16 $ 0.22
Weighted average common shares outstanding (shares) 15,205,731 16,202,303