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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
INTEREST INCOME        
Interest and fees on loans $ 13,945 $ 13,749 $ 27,740 $ 27,248
Interest and dividends on investment securities:        
Taxable 638 887 1,357 1,885
Interest on deposits with other banks 11 113 183 276
Total interest income 14,594 14,749 29,280 29,409
INTEREST EXPENSE        
Interest on deposits 1,556 2,204 3,615 4,151
Interest on short-term borrowings 1 145 3 358
Interest on long-term borrowings 6 107 113 213
Total interest expense 1,563 2,456 3,731 4,722
NET INTEREST INCOME 13,031 12,293 25,549 24,687
Provision for credit losses 1,000 200 1,350 300
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 12,031 12,093 24,199 24,387
NONINTEREST INCOME        
Service charges on deposit accounts 544 1,028 1,410 1,962
Trust and investment fee income 363 385 738 757
Gains on sales and calls of investment securities 347   347  
Other noninterest income 1,515 1,196 2,626 2,078
Total noninterest income 2,769 2,609 5,121 4,797
NONINTEREST EXPENSE        
Salaries and wages 2,130 3,792 6,426 7,558
Employee benefits 1,535 1,068 3,257 2,322
Occupancy expense 702 668 1,400 1,359
Furniture and equipment expense 247 295 564 558
Data processing 1,037 919 2,081 1,829
Directors' fees 113 116 254 202
Amortization of other intangible assets 138 155 282 317
FDIC insurance premium expense 124 181 215 386
Other real estate owned expenses, net   60 18 293
Legal and professional fees 553 559 1,187 1,160
Other noninterest expenses 1,084 1,172 2,328 2,344
Total noninterest expense 7,663 8,985 18,012 18,328
Income from continuing operations before income taxes 7,137 5,717 11,308 10,856
Income tax expense 1,802 1,489 2,855 2,800
Income from continuing operations 5,335 4,228 8,453 8,056
Loss from discontinued operations before income taxes   (4)   (103)
Income tax benefit       (25)
Loss from discontinued operations   (4)   (78)
NET INCOME $ 5,335 $ 4,224 $ 8,453 $ 7,978
Earnings per common share - Basic        
Income from continuing operations $ 0.43 $ 0.33 $ 0.68 $ 0.63
Loss from discontinued operations       (0.01)
Net income 0.43 0.33 0.68 0.62
Earnings per common share - Diluted        
Income from continuing operations 0.43 0.33 0.68 0.63
Loss from discontinued operations       (0.01)
Net income 0.43 0.33 0.68 0.62
Dividends paid per common share $ 0.12 $ 0.10 $ 0.24 $ 0.20