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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Loans $ 3,916 $ 3,543 $ 7,772 $ 6,817
Securities 333 287 629 575
Other 361 82 709 156
Total interest income 4,610 3,912 9,110 7,548
Interest expense-        
Deposits 851 500 1,664 897
Net interest income 3,759 3,412 7,446 6,651
Provision for loan losses 179 155 344 409
Net interest income after provision for loan losses 3,580 3,257 7,102 6,242
Noninterest income:        
Service charges and fees on deposit accounts 68 89 139 176
Mortgage banking revenue (197) (105) (303) (215)
Income from bank-owned life insurance 45 10 90 21
Gain on sale of securities available for sale 7
Other income 152 110 285 212
Total noninterest income 462 314 824 624
Noninterest expense:        
Salaries and employee benefits 1,579 1,218 3,136 2,446
Occupancy and equipment 427 226 702 461
Professional fees 106 97 183 181
Marketing 194 133 393 340
FDIC/State assessment 44 38 87 74
Software maintenance, amortization and other 167 159 319 307
Other 516 370 956 729
Total noninterest expense 3,033 2,241 5,776 4,538
Earnings before income taxes 1,009 1,330 2,150 2,328
Income taxes 245 328 519 572
Net earnings $ 764 $ 1,002 $ 1,631 $ 1,756
Earnings per common share:        
Basic (in dollars per share) $ 0.24 $ 0.32 $ 0.52 $ 0.56
Diluted (in dollars per share) 0.24 0.32 0.52 0.56
Cash dividends per common share(1) (in dollars per share) [1] $ 0.12 $ 0.10
[1] Annual cash dividends were paid during the first quarters of 2018 and 2019