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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME    
Interest and fees on loans $ 10,332 $ 10,418
Interest bearing deposits 4 6
Short-term investments in money market funds 72 69
Investment securities:    
Available for sale 1,183 1,319
Held to maturity 353 352
Total Interest Income 11,944 12,164
INTEREST EXPENSE    
Deposits 2,458 2,730
Short-term borrowings 12 102
Advances from Federal Home Loan Bank 284 235
Financing lease liabilities 29 30
Guaranteed junior subordinated deferrable interest debentures 280 280
Subordinated debt 130 130
Total Interest Expense 3,193 3,507
NET INTEREST INCOME 8,751 8,657
Provision (credit) for loan losses 175 (400)
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR LOAN LOSSES 8,576 9,057
NON-INTEREST INCOME    
Wealth management fees 2,554 2,396
Service charges on deposit accounts 286 310
Net gains on sale of loans 237 62
Mortgage related fees 126 44
Bank owned life insurance 125 128
Other income 504 665
Total Non-Interest Income 3,832 3,605
NON-INTEREST EXPENSE    
Salaries and employee benefits 6,704 6,301
Net occupancy expense 671 658
Equipment expense 395 361
Professional fees 1,154 1,120
Supplies, postage and freight 179 173
Miscellaneous taxes and insurance 275 277
Federal deposit insurance expense 26 80
Other expense 1,229 1,323
Total Non-Interest Expense 10,633 10,293
PRETAX INCOME 1,775 2,369
Provision for income tax expense 366 491
NET INCOME $ 1,409 $ 1,878
Basic:    
Net income $ 0.08 $ 0.11
Average number of shares outstanding 17,043 17,578
Diluted:    
Net income $ 0.08 $ 0.11
Average number of shares outstanding 17,099 17,664