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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and dividend income:    
Loans, including fees $ 14,489 $ 14,050
Taxable securities 1,195 1,289
Tax exempt securities 273 308
Interest-earning deposits 708 22
Total interest and dividend income 16,665 15,669
Interest expense:    
Deposits 1,461 501
Securities sold under agreements to repurchase 0 93
Borrowed funds 37 175
Total interest expense 1,498 769
Net interest income 15,167 14,900
Provision for loan losses 1,093 709
Net interest income after provision for loan losses 14,074 14,191
Non-interest income:    
Changes in fair value of equity investments 89 (2)
Gain on sales of loans held for sale, net 48 46
Net gains (losses) on sales of other real estate owned (83) 44
Income from bank-owned life insurance 15 16
Other 445 856
Total non-interest income 4,925 5,475
Non-interest expenses:    
Salaries and wages 5,721 5,714
Pension and other employee benefits 1,545 1,658
Other components of net periodic pension and postretirement benefits (141) (408)
Net occupancy 1,567 1,608
Furniture and equipment 528 658
Data processing 1,727 1,742
Professional services 405 540
Amortization of intangible assets 163 194
Marketing and advertising 268 349
Other real estate owned 31 138
FDIC insurance 265 317
Loan expense 196 169
Other 1,222 1,487
Total non-interest expenses 13,497 14,166
Income before income tax expense 5,502 5,500
Income tax expense 1,034 1,061
Net income $ 4,468 $ 4,439
Weighted average shares outstanding (in shares) 4,860 4,822
Basic and diluted earnings per share (in dollars per share) $ 0.92 $ 0.92
WMG fee income    
Non-interest income:    
Revenue from contract with customer, including assessed tax $ 2,276 $ 2,316
Service charges on deposit accounts    
Non-interest income:    
Revenue from contract with customer, including assessed tax 1,104 1,164
Interchange revenue from debit card transactions    
Non-interest income:    
Revenue from contract with customer, including assessed tax $ 1,031 $ 1,035