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Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Interest income:    
Loans, including fees $ 22,930 $ 21,766
Securities - Taxable 4,000 4,051
Securities - Tax-exempt 2,099 2,308
Federal funds sold and interest bearing bank deposits 1,218 1,121
Total interest income 30,247 29,246
Interest expense:    
Deposits 4,176 3,612
Short-term borrowings 7 18
Long-term debt interest expense 0 46
Total interest expense 4,183 3,676
Net interest income 26,064 25,570
Provision for loan losses (250) 0
Net interest income after provision for loan losses 26,314 25,570
Noninterest income:    
Service charge on deposit accounts 717 749
Mortgage lending 866 655
Bank-owned life insurance income 437 435
Gain From Loan Guarantee Program 1,717 0
Other noninterest income 1,880 1,486
Securities losses, net (123) 0
Total noninterest income 5,494 3,325
Noninterest expense:    
Salaries and benefits 11,931 10,653
Net occupancy and equipment 1,907 1,465
Professional fees 1,014 902
FDIC and other regulatory assessments 181 310
Other noninterest expense 4,664 4,544
Total noninterest expense 19,697 17,874
Earnings before income taxes 12,111 11,021
Income tax expense 2,370 2,187
Net earnings $ 9,741 $ 8,834
Net earnings per share:    
Basic and diluted earnings per share $ 2.72 $ 2.42
Weighted average shares outstanding:    
Basic and diluted weighted average shares outstanding 3,581,476 3,643,780