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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME        
Interest and fees on loans $ 13,749 $ 12,631 $ 27,248 $ 24,675
Interest and dividends on investment securities:        
Taxable 887 982 1,885 2,003
Interest on deposits with other banks 113 61 276 99
Total interest income 14,749 13,674 29,409 26,777
INTEREST EXPENSE        
Interest on deposits 2,204 580 4,151 1,128
Interest on short-term borrowings 145 461 358 687
Interest on long-term borrowings 107   213  
Total interest expense 2,456 1,041 4,722 1,815
NET INTEREST INCOME 12,293 12,633 24,687 24,962
Provision for credit losses 200 418 300 907
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 12,093 12,215 24,387 24,055
NONINTEREST INCOME        
Service charges on deposit accounts 1,028 947 1,962 1,852
Trust and investment fee income 385 414 757 814
Other noninterest income 1,196 935 2,078 1,770
Total noninterest income 2,609 2,296 4,797 4,436
NONINTEREST EXPENSE        
Salaries and wages 3,792 4,101 7,558 8,327
Employee benefits 1,068 1,045 2,322 2,221
Occupancy expense 668 650 1,359 1,327
Furniture and equipment expense 295 247 558 502
Data processing 919 689 1,829 1,557
Directors’ fees 116 152 202 266
Amortization of other intangible assets 155 228 317 327
FDIC insurance premium expense 181 214 386 419
Other real estate owned expenses, net 60 5 293 (41)
Legal and professional fees 559 487 1,160 935
Other noninterest expenses 1,172 1,035 2,344 2,465
Total noninterest expense 8,985 8,853 18,328 18,305
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 5,717 5,658 10,856 10,186
Income tax expense 1,489 1,466 2,800 2,532
Income from continuing operations 4,228 4,192 8,056 7,654
(Loss) income from discontinued operations before income taxes (4) 269 (103) 1,048
Income tax (benefit) expense   70 (25) 253
(Loss) income from discontinued operations (4) 199 (78) 795
NET INCOME $ 4,224 $ 4,391 $ 7,978 $ 8,449
Earnings per common share - Basic        
Income from continuing operations $ 0.33 $ 0.33 $ 0.63 $ 0.60
(Loss) income from discontinued operations   0.01 (0.01) 0.06
Net income 0.33 0.34 0.62 0.66
Earnings per common share - Diluted        
Income from continuing operations 0.33 0.33 0.63 0.60
(Loss) income from discontinued operations   0.01 (0.01) 0.06
Net income 0.33 0.34 0.62 0.66
Dividends paid per common share (in dollars per share) $ 0.10 $ 0.08 $ 0.20 $ 0.15