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Consolidated Statement of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income        
Interest and fees on loans $ 12,529 $ 11,487 $ 37,215 $ 32,895
Interest on investment securities: Taxable 1,416 1,459 4,333 4,380
Interest on investment securities: Exempt from federal income tax 249 233 771 706
Total investment income 1,665 1,692 5,104 5,086
Other 406 85 764 369
Total interest income 14,600 13,264 43,083 38,350
Interest expense        
Interest on deposits 2,064 1,072 5,800 2,856
Interest on short-term borrowings 27 129 158 253
Interest on long-term borrowings 913 807 2,656 2,535
Total interest expense 3,004 2,008 8,614 5,644
Net interest income 11,596 11,256 34,469 32,706
Provision for loan losses (13) 471 669 1,187
Net interest income after provision for loan losses 11,609 10,785 33,800 31,519
Other operating income        
Net gains 40 9 84 190
Total other income 5,028 3,797 12,644 11,208
Total other operating income 5,068 3,806 12,728 11,398
Other operating expenses        
Salaries and employee benefits 6,280 6,270 18,644 18,308
FDIC premiums 43 171 337 474
Equipment 956 810 2,775 2,246
Occupancy 694 657 2,112 1,909
Data processing 984 1,001 2,979 2,844
Marketing 110 153 274 386
Professional Services 254 304 776 947
Contract Labor 171 185 502 522
Line rentals 226 207 641 637
Other real estate owned 337 189 1,266 682
Other 1,191 1,142 3,371 3,450
Total other operating expenses 11,246 11,089 33,677 32,405
Income before income tax expense 5,431 3,502 12,851 10,512
Provision for income tax expense 938 739 2,605 2,227
Net Income $ 4,493 $ 2,763 $ 10,246 $ 8,285
Basic and diluted net income per common share $ 0.63 $ 0.39 $ 1.44 $ 1.17
Weighted average number of basic and diluted shares outstanding 7,107,000 7,084,000 7,098,000 7,076,000
Dividends declared per common share $ 0.13 $ 0.09 $ 0.31 $ 0.27
Service Charges on Deposit Accounts [Member]        
Other operating income        
Total other income $ 578 $ 587 $ 1,652 $ 1,707
Other Service Charges [Member]        
Other operating income        
Total other income 274 227 707 667
Trust Department [Member]        
Other operating income        
Total other income 1,798 1,705 5,345 5,010
Debit Card Income [Member]        
Other operating income        
Total other income 679 617 1,955 1,818
Bank Owned Life Insurance [Member]        
Other operating income        
Total other income 1,379 288 1,970 872
Brokerage Commissions [Member]        
Other operating income        
Total other income 205 277 646 828
Other [Member]        
Other operating income        
Total other income $ 115 $ 96 $ 369 $ 306