XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Earnings - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Loans, including fees $ 5,763 $ 5,307 $ 11,490 $ 10,538
Securities - Taxable 985 1,012 2,000 2,089
Securities - Tax-exempt 544 572 1,093 1,157
Federal funds sold and interest bearing bank deposits 311 290 663 592
Total interest income 7,603 7,181 15,246 14,376
Interest expense:        
Deposits 1,004 845 2,025 1,717
Short-term borrowings 2 8 4 12
Long-term debt interest expense 0 11 0 46
Total interest expense 1,006 864 2,029 1,775
Net interest income 6,597 6,317 13,217 12,601
Provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 6,597 6,317 13,217 12,601
Noninterest income:        
Service charge on deposit accounts 176 182 360 361
Mortgage lending 187 166 376 372
Bank-owned life insurance income 107 108 217 214
Other noninterest income 407 383 1,079 745
Securities gains, net 8 0 13 0
Total noninterest income 885 839 2,045 1,692
Noninterest expense:        
Salaries and benefits 2,799 2,618 5,737 5,286
Net occupancy and equipment 381 360 765 730
Professional fees 275 266 503 494
FDIC and other regulatory assessments 102 89 131 178
Other noninterest expense 1,072 993 2,104 2,040
Total noninterest expense 4,629 4,326 9,240 8,728
Earnings before income taxes 2,853 2,830 6,022 5,565
Income tax expense 546 566 1,172 1,106
Net earnings $ 2,307 $ 2,264 $ 4,850 $ 4,459
Net earnings per share:        
Basic and diluted earnings per share $ 0.64 $ 0.62 $ 1.35 $ 1.22
Weighted average shares outstanding:        
Basic and diluted weighted average shares outstanding 3,577,409 3,643,731 3,595,972 3,643,707