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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Loans    
Taxable $ 40,529 $ 36,268
Tax exempt 300 154
Securities    
Taxable 3,226 2,618
Tax exempt 345 439
Total interest income 44,400 39,479
Interest Expense    
Deposits 8,660 5,314
Repurchase agreements & other 82 37
Federal Home Loan Bank advance expense 402 460
Trust preferred securities expense 430 401
Total interest expense 9,574 6,212
Net Interest Income 34,826 33,267
Provision for loan losses 800 600
Net interest income after provision for loan losses 34,026 32,667
Noninterest Income    
Wealth management fees 3,093 2,871
Customer service fees 2,761 2,670
Gain on sale of mortgage loans & OMSR 8,413 6,870
Mortgage loan servicing fees, net (397) 1,296
Gain on sale of non-mortgage loans 1,255 1,230
Title insurance income 1,120  
Net gain on sale of securities 206 70
Gain (loss) on sale/disposal of assets (5) 35
Other income 1,570 1,582
Total noninterest income 18,016 16,624
Noninterest Expense    
Salaries and employee benefits 22,064 20,620
Net occupancy expense 2,603 2,397
Equipment expense 2,828 2,889
Data processing fees 1,973 1,811
Professional fees 2,476 1,848
Marketing expense 895 884
Telephone and communications 466 495
Postage and delivery expense 340 286
State, local and other taxes 1,092 719
Employee expense 795 912
Other expense 1,878 1,986
Total noninterest expense 37,410 34,847
Income before income tax 14,632 14,444
Provision for income taxes 2,659 2,806
Net Income 11,973 11,638
Preferred share dividends 950 975
Net income available to common shareholders $ 11,023 $ 10,663
Basic earnings per common share (in Dollars per share) $ 1.71 $ 1.72
Diluted earnings per common share (in Dollars per share) $ 1.51 $ 1.51