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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
INTEREST INCOME    
Interest and fees on loans $ 9,818 $ 9,556
Interest bearing deposits 4 2
Short-term investments in money market funds 43 24
Investment securities:    
Available for sale 1,029 901
Held to maturity 323 265
Total Interest Income 11,217 10,748
INTEREST EXPENSE    
Deposits 1,781 1,436
Short-term borrowings 92 19
Advances from Federal Home Loan Bank 186 162
Guaranteed junior subordinated deferrable interest debentures 280 280
Subordinated debt 130 130
Total Interest Expense 2,469 2,027
NET INTEREST INCOME 8,748 8,721
Provision for loan losses 50 225
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 8,698 8,496
NON-INTEREST INCOME    
Trust and investment advisory fees 2,278 2,166
Service charges on deposit accounts 383 374
Net gains on sale of loans 98 114
Mortgage related fees 39 75
Net realized gains (losses) on investment securities (148) 27
Bank owned life insurance 132 141
Other income 853 665
Total Non-Interest Income 3,635 3,562
NON-INTEREST EXPENSE    
Salaries and employee benefits 6,093 5,948
Net occupancy expense 670 674
Equipment expense 391 419
Professional fees 1,184 1,200
Supplies, postage and freight 168 194
Miscellaneous taxes and insurance 290 294
Federal deposit insurance expense 162 160
Other expense 1,162 1,196
Total Non-Interest Expense 10,120 10,085
PRETAX INCOME 2,213 1,973
Provision for income tax expense 446 625
NET INCOME $ 1,767 $ 1,348
Basic:    
Net income $ 0.1 $ 0.07
Average number of shares outstanding 18,079 18,814
Diluted:    
Net income $ 0.1 $ 0.07
Average number of shares outstanding 18,181 18,922
Cash dividends declared $ 0.015 $ 0.015