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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
INTEREST INCOME    
Interest and fees on loans $ 13,499 $ 12,044
Interest and dividends on investment securities:    
Taxable 998 1,021
Interest on deposits with other banks 163 38
Total interest income 14,660 13,103
INTEREST EXPENSE    
Interest on deposits 1,947 548
Interest on short-term borrowings 213 226
Interest on long-term borrowings 106  
Total interest expense 2,266 774
NET INTEREST INCOME 12,394 12,329
Provision for credit losses 100 489
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 12,294 11,840
NONINTEREST INCOME    
Service charges on deposit accounts 934 905
Trust and investment fee income 372 400
Other noninterest income 882 835
Total noninterest income 2,188 2,140
NONINTEREST EXPENSE    
Salaries and wages 3,766 4,226
Employee benefits 1,254 1,176
Occupancy expense 691 677
Furniture and equipment expense 263 255
Data processing 910 868
Directors’ fees 86 114
Amortization of other intangible assets 162 99
FDIC insurance premium expense 205 205
Other real estate owned expense, net 233 (46)
Legal and professional 601 448
Other noninterest expenses 1,172 1,430
Total noninterest expense 9,343 9,452
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 5,139 4,528
Income tax expense 1,311 1,066
Income from continuing operations 3,828 3,462
(Loss) income from discontinued operations before income taxes (99) 779
Income tax (benefit) expense (25) 183
(Loss) income from discontinued operations (74) 596
NET INCOME $ 3,754 $ 4,058
Earnings per common share - Basic    
Income from continuing operations $ 0.30 $ 0.27
(Loss) income from discontinued operations (0.01) 0.05
Net income 0.29 0.32
Earnings per common share - Diluted    
Income from continuing operations 0.30 0.27
(Loss) income from discontinued operations (0.01) 0.05
Net income 0.29 0.32
Dividends paid per common share (in dollars per share) $ 0.10 $ 0.07