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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INTEREST INCOME        
Interest and fees on loans $ 14,139 $ 14,100 $ 41,879 $ 41,348
Interest and dividends on investment securities:        
Taxable 730 870 2,087 2,755
Interest on deposits with other banks 33 223 216 499
Total interest income 14,902 15,193 44,182 44,602
INTEREST EXPENSE        
Interest on deposits 1,470 2,288 5,085 6,439
Interest on short-term borrowings 1 117 4 475
Interest on long-term borrowings 148 108 261 321
Total interest expense 1,619 2,513 5,350 7,235
NET INTEREST INCOME 13,283 12,680 38,832 37,367
Provision for credit losses 1,500 200 2,850 500
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 11,783 12,480 35,982 36,867
NONINTEREST INCOME        
Service charges on deposit accounts 647 990 2,057 2,952
Trust and investment fee income 381 383 1,119 1,140
Gains on sales and calls of investment securities     347  
Other noninterest income 1,553 1,156 4,179 3,234
Total noninterest income 2,581 2,529 7,702 7,326
NONINTEREST EXPENSE        
Salaries and wages 4,143 3,853 10,569 11,411
Employee benefits 1,489 1,299 4,746 3,621
Occupancy expense 774 697 2,174 2,056
Furniture and equipment expense 294 263 858 821
Data processing 1,114 972 3,195 2,801
Directors' fees 132 140 386 342
Amortization of other intangible assets 125 144 407 461
FDIC insurance premium expense 132   347 386
Other real estate owned expenses, net   133 18 426
Legal and professional fees 447 495 1,634 1,655
Other noninterest expenses 1,181 1,388 3,509 3,732
Total noninterest expense 9,831 9,384 27,843 27,712
Income from continuing operations before income taxes 4,533 5,625 15,841 16,481
Income tax expense 1,142 1,411 3,997 4,211
Income from continuing operations 3,391 4,214 11,844 12,270
Loss from discontinued operations before income taxes   (10)   (113)
Income tax benefit   (2)   (27)
Loss from discontinued operations   (8)   (86)
NET INCOME $ 3,391 $ 4,206 $ 11,844 $ 12,184
Earnings per common share - Basic and diluted        
Income from continuing operations $ 0.27 $ 0.33 $ 0.95 $ 0.96
Loss from discontinued operations       (0.01)
Net income 0.27 0.33 0.95 0.95
Dividends paid per common share $ 0.12 $ 0.10 $ 0.36 $ 0.30