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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Loans $ 4,844 $ 3,916 $ 9,273 $ 7,772
Securities 428 333 812 629
Other 62 361 294 709
Total interest income 5,334 4,610 10,379 9,110
Interest expense:        
Deposits 737 851 1,636 1,664
Other borrowings 28 31
Total interest expense 765 851 1,667 1,664
Net interest income 4,569 3,759 8,712 7,446
Provision for loan losses 1,227 179 1,863 344
Net interest income after provision for loan losses 3,342 3,580 6,849 7,102
Noninterest income:        
Mortgage banking revenue 219 197 367 303
Income from bank-owned life insurance 40 45 80 90
Gain on sale of debt securities available for sale 7
Other income 32 38 66 72
Total noninterest income 414 412 781 737
Noninterest expense:        
Salaries and employee benefits 1,546 1,579 3,164 3,136
Occupancy and equipment 381 427 719 702
Professional fees 83 106 174 183
Marketing 100 194 301 393
FDIC assessment 67 44 119 87
Software maintenance, amortization and other 201 167 394 319
Other 441 466 886 869
Total noninterest expense 2,819 2,983 5,757 5,689
Earnings before income taxes 937 1,009 1,873 2,150
Income taxes 217 245 437 519
Net earnings $ 720 $ 764 $ 1,436 $ 1,631
Earnings per common share:        
Basic (in dollars per share) $ 0.23 $ 0.24 $ 0.45 $ 0.52
Diluted (in dollars per share) 0.23 0.24 0.45 0.52
Cash dividends per common share(1) (in dollars per share) [1] $ 0.12 $ 0.12
Deposit Account [Member]        
Noninterest income:        
Noninterest income $ 44 $ 68 $ 108 $ 139
Debit Card [Member]        
Noninterest income:        
Noninterest income $ 79 $ 64 $ 160 $ 126
[1] Annual cash dividends were paid during the first quarters of 2019 and 2020