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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Loans, including fees $ 5,787 $ 5,511 $ 17,277 $ 16,049
Securities - Taxable 997 974 2,997 3,063
Securities - Tax-exempt 526 577 1,619 1,734
Federal funds sold and interest bearing bank deposits 335 283 998 875
Total interest income 7,645 7,345 22,891 21,721
Interest expense:        
Deposits 1,076 920 3,101 2,637
Short-term borrowings 2 3 6 15
Long-term debt interest expense 0 0 0 46
Total interest expense 1,078 923 3,107 2,698
Net interest income 6,567 6,422 19,784 19,023
Provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 6,567 6,422 19,784 19,023
Noninterest income:        
Service charge on deposit accounts 182 192 542 553
Mortgage lending 263 115 639 487
Bank-owned life insurance income 109 110 326 324
Other noninterest income 393 374 1,472 1,119
Securities gains, net 44 0 57 0
Total noninterest income 991 791 3,036 2,483
Noninterest expense:        
Salaries and benefits 2,894 2,673 8,631 7,959
Net occupancy and equipment 387 339 1,152 1,069
Professional fees 195 213 698 707
FDIC and other regulatory assessments 18 70 149 248
Other noninterest expense 1,330 1,455 3,434 3,495
Total noninterest expense 4,824 4,750 14,064 13,478
Earnings before income taxes 2,734 2,463 8,756 8,028
Income tax expense 527 488 1,699 1,594
Net earnings $ 2,207 $ 1,975 $ 7,057 $ 6,434
Net earnings per share:        
Basic and diluted earnings per share $ 0.62 $ 0.54 $ 1.97 $ 1.77
Weighted average shares outstanding:        
Basic and diluted weighted average shares outstanding 3,568,287 3,643,834 3,586,642 3,643,750