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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
INTEREST INCOME        
Interest and fees on loans $ 14,100 $ 13,205 $ 41,348 $ 37,880
Interest and dividends on investment securities:        
Taxable 870 947 2,755 2,950
Interest on deposits with other banks 223 84 499 183
Total interest income 15,193 14,236 44,602 41,013
INTEREST EXPENSE        
Interest on deposits 2,288 826 6,439 1,954
Interest on short-term borrowings 117 463 475 1,150
Interest on long-term borrowings 108   321  
Total interest expense 2,513 1,289 7,235 3,104
NET INTEREST INCOME 12,680 12,947 37,367 37,909
Provision for credit losses 200 307 500 1,214
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 12,480 12,640 36,867 36,695
NONINTEREST INCOME        
Service charges on deposit accounts 990 982 2,952 2,834
Trust and investment fee income 383 383 1,140 1,197
Other noninterest income 1,156 1,100 3,234 2,870
Total noninterest income 2,529 2,465 7,326 6,901
NONINTEREST EXPENSE        
Salaries and wages 3,853 4,209 11,411 12,536
Employee benefits 1,299 983 3,621 3,204
Occupancy expense 697 646 2,056 1,973
Furniture and equipment expense 263 212 821 714
Data processing 972 930 2,801 2,487
Directors’ fees 140 145 342 411
Amortization of other intangible assets 144 270 461 597
FDIC insurance premium expense   193 386 612
Other real estate owned expenses, net 133 166 426 125
Legal and professional fees 495 443 1,655 1,378
Other noninterest expenses 1,388 1,113 3,732 3,578
Total noninterest expense 9,384 9,310 27,712 27,615
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 5,625 5,795 16,481 15,981
Income tax expense 1,411 1,539 4,211 4,071
Income from continuing operations 4,214 4,256 12,270 11,910
(Loss) income from discontinued operations before income taxes (10) 269 (113) 1,317
Income tax (benefit) expense (2) 71 (27) 324
(Loss) income from discontinued operations (8) 198 (86) 993
NET INCOME $ 4,206 $ 4,454 $ 12,184 $ 12,903
Earnings per common share - Basic        
Income from continuing operations $ 0.33 $ 0.33 $ 0.96 $ 0.93
(Loss) income from discontinued operations   0.02 (0.01) 0.08
Net income 0.33 0.35 0.95 1.01
Earnings per common share - Diluted        
Income from continuing operations 0.33 0.33 0.96 0.93
(Loss) income from discontinued operations   0.02 (0.01) 0.08
Net income 0.33 0.35 0.95 1.01
Dividends paid per common share (in dollars per share) $ 0.10 $ 0.08 $ 0.30 $ 0.23