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Consolidated Statements of Operations - 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 $ 11,458 $ 9,745 $ 22,919 $ 19,729
Securities:        
Taxable 577 497 1,172 894
Tax-exempt 97 117 214 237
Federal funds sold 18 52 25 126
Interest-earning deposit accounts 152 80 288 178
Certificates of deposit 19 17 39 36
Total interest income 12,321 10,508 24,657 21,200
INTEREST EXPENSE        
Deposits 3,088 1,796 5,896 3,400
Securities sold under repurchase agreements 4 4 7 7
Subordinated notes 138 128 275 256
Federal Home Loan Bank advances 614 386 1,319 699
Total interest expense 3,844 2,314 7,497 4,362
Net interest income 8,477 8,194 17,160 16,838
Provision for (recovery of) loan losses 62 (348) 376 (28)
Net interest income after provision for loan losses 8,415 8,542 16,784 16,866
NONINTEREST INCOME        
Secondary market sales and servicing 267 243 339 376
Increase in cash surrender value of bank owned life insurance 121 124 240 251
Net losses on sale of available-for-sale securities (2)   (2)  
Net loss on disposition of other assets (1)   (1) (69)
Gain (loss) on rabbi trust assets 40 (25) 130 27
Gain on curtailment of post-retirement benefit plan       352
Other 8 35 28 74
Total noninterest income 1,295 1,163 2,385 2,334
NONINTEREST EXPENSE        
Salaries and employee benefits 3,892 4,273 7,893 8,379
Occupancy 837 874 1,705 1,659
Data processing 609 834 1,197 1,306
Bank franchise tax 230 177 446 353
Telecommunications and other technology 262 166 469 362
FDIC assessments 162 187 378 370
Foreclosed property 19 53 62 65
Consulting 147 341 262 723
Advertising and marketing 109 153 176 221
Directors’ fees 213 68 377 236
Audit and accounting 189 240 393 603
Legal 27 119 110 249
Merger-related       363
Core deposit intangible amortization 173 203 353 414
Net other real estate owned loss (gains) 72 84 66 (57)
Other 651 790 1,335 1,437
Total noninterest expense 7,592 8,562 15,222 16,683
Income before income taxes 2,118 1,143 3,947 2,517
Income tax expense 395 197 732 447
Net income $ 1,723 $ 946 $ 3,215 $ 2,070
Basic and diluted earnings per share $ 0.13 $ 0.07 $ 0.25 $ 0.16
Income from Fiduciary Activities        
NONINTEREST INCOME        
Non-Interest Income $ 206 $ 198 $ 420 $ 445
Service Charges and Fees on Deposit Accounts        
NONINTEREST INCOME        
Non-Interest Income 246 152 484 287
Wealth Management        
NONINTEREST INCOME        
Non-Interest Income 262 282 469 414
Interchange Fees, Net        
NONINTEREST INCOME        
Non-Interest Income 121 124 222 116
Other Service Charges and Fees        
NONINTEREST INCOME        
Non-Interest Income $ 27 $ 30 $ 56 $ 61